Trio Company reports the following information for the current year, which is its first year of operations. Assume instead that TrioCompany uses variable costing. (Round intermediate calculations and final answers to two decimal places.)Direct materials$8.00 per unit9.00 per unitDirect laborOverhead costs for the year4.00 per unit$ 230,000 per year35,800 units27,000 units8,800 unitSVariable overhead$Fixed overheadUnits produced this yearUnits sold this yearEnding finished goods inventory in units1. Compute the product cost per unit using variable costing.Cost per unit of finished goods using:Variable costingCost per unit of finished goods2. Determine the cost of ending finished goods inventoryusing variable costing.Variable costingCost per unit of finished goods using:Number of units in finished goodsTotal cost of finished goods inventory3. Determine the cost of goods sold using variable costing.Variable costingCost per unit of goods sold using:Number of units in sold goodsTotal cost of sold goods

Name: Trio Company reports the following information for the current year,
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Description: Trio Company reports the following information for the current year, which is its first year of operations. Assume instead that TrioCompany uses variable costing. (Round intermediate calculations and final answers to two decimal places.)Direct mater

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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 8.00 per unit 9.00 per unit $ Direct labor $ Overhead costs for the year Variable overhead 4.00 per unit $ 230,000 per year Fixed overhead Units produced this year Units sold this year Ending finished goods inventory in units 35,800 units 27,000 units 8,800 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 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. Variable costing Cost per unit of goods sold using: 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 8.00 per unit 9.00 per unit $ Direct labor $ Overhead costs for the year Variable overhead 4.00 per unit $ 230,000 per year Fixed overhead Units produced this year Units sold this year Ending finished goods inventory in units 35,800 units 27,000 units 8,800 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 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. Variable costing Cost per unit of goods sold using: Number of units in sold goods Total cost of sold goods

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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