Use the following information for the Exercise below. (Algo) [The following information applies to the questions displayed below.] Trio Company reports the following information for its first year of operations. $17 per unit $18 per unit Direct materials Direct labor Variable overhead Fixed overhead Units produced Units sold Ending finished goods inventory Exercise 6-2 (Algo) Computing unit and inventory costs under variable costing LO P1 Assume instead that Trio Company uses variable costing. 1. Compute the product cost per unit using variable costing. 2. Determine the cost of ending finished goods inventory using variable costing. 3. Determine the cost of goods sold using variable costing. Required 1 Complete this question by entering your answers in the tabs below. Required 2 Total product cost per unit Required 3 Compute the product cost per unit using variable costing. Product cost per unit of finished goods using: Direct materials Direct labor Variable overhead Required 1 Required 2 $ 6 per unit $ 201,000 per year. 20,100 units 15,000 units 5,100 units Required 3 Required 1 Required 2 333 Answer is not complete. $ Required 3 $ Variable costing Required 3 > Required 3

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Use the following information for the Exercise below. (Algo)
[The following information applies to the questions displayed below.]
Trio Company reports the following information for its first year of operations.
Direct materials
Direct labor
Variable overhead.
Fixed overhead
Units produced
Units sold
Ending finished goods inventory
Exercise 6-2 (Algo) Computing unit and inventory costs under variable costing LO P1
Assume instead that Trio Company uses variable costing.
1. Compute the product cost per unit using variable costing.
2. Determine the cost of ending finished goods inventory using variable costing.
3. Determine the cost of goods sold using variable costing.
Required 1
Complete this question by entering your answers in the tabs below.
Required 2
Total product cost per unit
Required 3
$ 17 per unit
$ 18 per unit
$ 6 per unit
$ 201,000 per year.
20,100 units
15,000 units
5,100 units
Compute the product cost per unit using variable costing.
Product cost per unit of finished goods using:
Direct materials
Direct labor
Variable overhead
Required 1 Required 2
Required 3
333
Answer is not complete.
$
Required 1 Required 2 Required 3
$
Variable costing
<Required 1
Complete this question by entering your answers in the tabs below.
< Required 1
17
18
Determine the cost of goods sold using variable costing.
Cost per unit of goods sold using:
Total product cost per unit
Number of units sold
Cost of sold goods
6✔
41
Determine the cost of ending finished goods inventory using variable costing.
Cost per unit of finished goods using:
Variable costing
Total product cost per unit
Number of units in finished goods
Cost of ending finished goods inventory
< Required 2
per unit
per unit
per unit
Variable costing
per unit
Required 2 >
Complete this question by entering your answers in the tabs below.
Required 3 >
Required 3
Transcribed Image Text:Use the following information for the Exercise below. (Algo) [The following information applies to the questions displayed below.] Trio Company reports the following information for its first year of operations. Direct materials Direct labor Variable overhead. Fixed overhead Units produced Units sold Ending finished goods inventory Exercise 6-2 (Algo) Computing unit and inventory costs under variable costing LO P1 Assume instead that Trio Company uses variable costing. 1. Compute the product cost per unit using variable costing. 2. Determine the cost of ending finished goods inventory using variable costing. 3. Determine the cost of goods sold using variable costing. Required 1 Complete this question by entering your answers in the tabs below. Required 2 Total product cost per unit Required 3 $ 17 per unit $ 18 per unit $ 6 per unit $ 201,000 per year. 20,100 units 15,000 units 5,100 units Compute the product cost per unit using variable costing. Product cost per unit of finished goods using: Direct materials Direct labor Variable overhead Required 1 Required 2 Required 3 333 Answer is not complete. $ Required 1 Required 2 Required 3 $ Variable costing <Required 1 Complete this question by entering your answers in the tabs below. < Required 1 17 18 Determine the cost of goods sold using variable costing. Cost per unit of goods sold using: Total product cost per unit Number of units sold Cost of sold goods 6✔ 41 Determine the cost of ending finished goods inventory using variable costing. Cost per unit of finished goods using: Variable costing Total product cost per unit Number of units in finished goods Cost of ending finished goods inventory < Required 2 per unit per unit per unit Variable costing per unit Required 2 > Complete this question by entering your answers in the tabs below. Required 3 > Required 3
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