
Product/ Period Cost:
Product cost are those which are necessary to be incurred for the production of the products and it may be both fixed and variable in nature. These cost includes, direct material cost, direct labour cost and manufacturing overheads. These are inventoriable cost and is used for
Period cost are those cost which are incurred after production of products and is incurred for administrative and selling activities of the business.
The Classification of various cost in product or period cost and fixed or variable cost.
Manufacturing Cost per unit:
The Manufacturing cost per unit is an inventoriable cost per unit which is computed by dividing the total product cost with the number of units produced.
The manufacturing cost per unit shall be computed.
The Total cost of plastic and per unit cost of Plastic Bds under total production of 10000 units.
SUB-PART-4
The Total

Want to see the full answer?
Check out a sample textbook solution
Chapter 18 Solutions
FUND.ACCT.PRIN.(LOOSELEAF)-W/ACCESS
- Can you solve this financial accounting problem using accurate calculation methods?arrow_forwardCentral Electronics sells smartphones. During June 2022, it sold 825 smartphones at a $950 average price each. The June 2022 budget included sales of 850 smartphones at an average price of $900 each. Compute the sales price variance and the sales volume variance for June 2022.arrow_forwardProvide correct solution and financial accounting questionarrow_forward
- AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
- Horngren's Cost Accounting: A Managerial Emphasis...AccountingISBN:9780134475585Author:Srikant M. Datar, Madhav V. RajanPublisher:PEARSONIntermediate AccountingAccountingISBN:9781259722660Author:J. David Spiceland, Mark W. Nelson, Wayne M ThomasPublisher:McGraw-Hill EducationFinancial and Managerial AccountingAccountingISBN:9781259726705Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting PrinciplesPublisher:McGraw-Hill Education





