A company provided the following information aboutits one and only product:$45,000$30,000$42,000$8,000$28,000$12,000$2010,000Direct material usedDirect labourFixed factory overheadFixed Selling & administrative expensesVariable factory overheadVariable Selling & administrative expensesSelling price per unitUnits producedThe unit cost of a unit under the absorption costingapproach is?a. $10.30O b. $16.50O c. $14.50O d. $5.00

Calculation of Total Manufacturing Cost: Costs Amount ($) Direct Material Used 45000 Direct…

Answered: The unit cost of a unit under the…

Business

Accounting

The unit cost of a unit under the absorption costing approach is? a. $10.30 O b. $16.50 O c. $14.50 O d. $5.00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

A company provided the following information about
its one and only product:
$45,000
$30,000
$42,000
$8,000
$28,000
$12,000
$20
10,000
Direct material used
Direct labour
Fixed factory overhead
Fixed Selling & administrative expenses
Variable factory overhead
Variable Selling & administrative expenses
Selling price per unit
Units produced
The unit cost of a unit under the absorption costing
approach is?
a. $10.30
O b. $16.50
O c. $14.50
O d. $5.00

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