Wolanski Corporation has provided the following data for its most recent year of operations: Selling price per unit $ 48 Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials $ 11 Direct labor $ 5 Variable manufacturing overhead $ 5 Fixed manufacturing overhead per year $ 110,000 Selling and administrative expenses: Variable selling and administrative expense per unit sold $ 4 Fixed selling and administrative expense per year $ 71,000 Units in beginning inventory 0 Units produced during the year 11,000 Units sold during the year 8,000 Units in ending inventory 3,000 The unit product cost under absorption costing is closest to: a) $31.00 b) $35.00 c) $21.00 d) $10.00
Subject: Cost management & accounting
MCQ's:
Wolanski Corporation has provided the following data for its most recent year of operations:
Selling price per unit $ 48
Variable manufacturing cost per unit produced:
Direct materials $ 11
Direct labor $ 5
Variable manufacturing
Fixed manufacturing overhead per year $ 110,000
Selling and administrative expenses:
Variable selling and administrative expense per unit sold $ 4
Fixed selling and administrative expense per year $ 71,000
Units in beginning inventory 0
Units produced during the year 11,000
Units sold during the year 8,000
Units in ending inventory 3,000
The unit product cost under absorption costing is closest to:
a) $31.00
b) $35.00
c) $21.00
d) $10.00
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