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Under absorption costing, a company had the following unit costs when 10,000 units were produced: Direct labor $ 2 per unit Direct material $ 3 per unit Variable overhead $ 4 per unit Total variable cost $ 9 per unit Fixed overhead cost ($50,000/10,000 units) $ 5 per unit Total production cost $ 14 per unit The total product cost per unit under absorption costing if 25,000 units had been produced would be $11. Group startsTrue or False True , unselected False , selected

Under absorption costing, a company had the following unit costs when 10,000 units were produced: Direct labor $ 2 per unit Direct material $ 3 per unit Variable overhead $ 4 per unit Total variable cost $ 9 per unit Fixed overhead cost ($50,000/10,000 units) $ 5 per unit Total production cost $ 14 per unit The total product cost per unit under absorption costing if 25,000 units had been produced would be $11. Group startsTrue or False True , unselected False , selected

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 1PB: The following product costs are available for Stellis Company on the production of erasers: direct...
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Under absorption costing, a company had the following unit costs when 10,000 units were produced: Direct labor $ 2 per unit Direct material $ 3 per unit Variable overhead $ 4 per unit Total variable cost $ 9 per unit Fixed overhead cost ($50,000/10,000 units) $ 5 per unit Total production cost $ 14 per unit The total product cost per unit under absorption costing if 25,000 units had been produced would be $11. Group startsTrue or False True , unselected False , selected
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