Trio Company reports the following information for the current year, which is its first year of operations. Assume instead that Trio Company uses variable costing. (Round intermediate calculations and final answers to two decimal places.) Direct materials 6.50 per unit 7.50 per unit $ Direct labor 2$ Overhead costs for the year Variable overhead $ 2.50 per unit $ 200,000 per year 37,900 units 28,500 units 9,400 units Fixed overhead Units produced this year Units sold this year Ending finished goods inventory in units 1. Compute the product cost per unit using variable costing. Cost per unit of finished goods using: Variable costing Cost per unit of finished goods $ 0.00 2. Determine the cost of ending finished goods inventory using variable costing. Cost per unit of finished goods using: Variable costing Number of units in finished goods Total cost of finished goods inventory 3. Determine the cost of goods sold using variable costing. Cost per unit of goods sold using: Variable costing Number of units in sold goods Total cost of sold goods
Trio Company reports the following information for the current year, which is its first year of operations. Assume instead that Trio Company uses variable costing. (Round intermediate calculations and final answers to two decimal places.) Direct materials 6.50 per unit 7.50 per unit $ Direct labor 2$ Overhead costs for the year Variable overhead $ 2.50 per unit $ 200,000 per year 37,900 units 28,500 units 9,400 units Fixed overhead Units produced this year Units sold this year Ending finished goods inventory in units 1. Compute the product cost per unit using variable costing. Cost per unit of finished goods using: Variable costing Cost per unit of finished goods $ 0.00 2. Determine the cost of ending finished goods inventory using variable costing. Cost per unit of finished goods using: Variable costing Number of units in finished goods Total cost of finished goods inventory 3. Determine the cost of goods sold using variable costing. Cost per unit of goods sold using: Variable costing Number of units in sold goods Total cost of sold goods
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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