Unit Product cost under Absorption costing: Under Absorption costing, the Unit product cost is computed on the fact that all the product cost including the fixed manufacturing cost shall be the part of unit product cost and will be used in the valuation of ending inventory of finished goods. Therefore, the proportionate fixed manufacturing cost is deducted from the sales revenue while computing the gross profit and remaining proportionate fixed product cost become part of ending inventory valuation . Then after computing the gross profit, the total selling and other administrative expense shall be deducted for the period to arrive at the amount of net operating income. Unit Product cost under Absorption costing.

Question

Want to see the full answer?

Answer 1

Question

Chapter 21, Problem S21A.20SE

To determine

Unit Product cost under Absorption costing:

Under Absorption costing, the Unit product cost is computed on the fact that all the product cost including the fixed manufacturing cost shall be the part of unit product cost and will be used in the valuation of ending inventory of finished goods. Therefore, the proportionate fixed manufacturing cost is deducted from the sales revenue while computing the gross profit and remaining proportionate fixed product cost become part of ending inventory valuation. Then after computing the gross profit, the total selling and other administrative expense shall be deducted for the period to arrive at the amount of net operating income.

Unit Product cost under Absorption costing.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Hii teacher please provide for General accounting question answer do fast

General accounting question

ABC Company has December unit sales of 12,000 units. Assuming a 5 percent growth, what is the projected unit sales?

Answer 2

Question

Chapter 21, Problem S21A.20SE

To determine

Unit Product cost under Absorption costing:

Under Absorption costing, the Unit product cost is computed on the fact that all the product cost including the fixed manufacturing cost shall be the part of unit product cost and will be used in the valuation of ending inventory of finished goods. Therefore, the proportionate fixed manufacturing cost is deducted from the sales revenue while computing the gross profit and remaining proportionate fixed product cost become part of ending inventory valuation. Then after computing the gross profit, the total selling and other administrative expense shall be deducted for the period to arrive at the amount of net operating income.

Unit Product cost under Absorption costing.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 21, Problem S21A.20SE

To determine

Unit Product cost under Absorption costing:

Under Absorption costing, the Unit product cost is computed on the fact that all the product cost including the fixed manufacturing cost shall be the part of unit product cost and will be used in the valuation of ending inventory of finished goods. Therefore, the proportionate fixed manufacturing cost is deducted from the sales revenue while computing the gross profit and remaining proportionate fixed product cost become part of ending inventory valuation. Then after computing the gross profit, the total selling and other administrative expense shall be deducted for the period to arrive at the amount of net operating income.

Unit Product cost under Absorption costing.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 21, Problem S21A.20SE

To determine

Unit Product cost under Absorption costing:

Under Absorption costing, the Unit product cost is computed on the fact that all the product cost including the fixed manufacturing cost shall be the part of unit product cost and will be used in the valuation of ending inventory of finished goods. Therefore, the proportionate fixed manufacturing cost is deducted from the sales revenue while computing the gross profit and remaining proportionate fixed product cost become part of ending inventory valuation. Then after computing the gross profit, the total selling and other administrative expense shall be deducted for the period to arrive at the amount of net operating income.

Unit Product cost under Absorption costing.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 21, Problem S21A.20SE

To determine

Unit Product cost under Absorption costing:

Under Absorption costing, the Unit product cost is computed on the fact that all the product cost including the fixed manufacturing cost shall be the part of unit product cost and will be used in the valuation of ending inventory of finished goods. Therefore, the proportionate fixed manufacturing cost is deducted from the sales revenue while computing the gross profit and remaining proportionate fixed product cost become part of ending inventory valuation. Then after computing the gross profit, the total selling and other administrative expense shall be deducted for the period to arrive at the amount of net operating income.

Unit Product cost under Absorption costing.

Answer 6

Chapter 21, Problem S21A.20SE

To determine

Unit Product cost under Absorption costing:

Under Absorption costing, the Unit product cost is computed on the fact that all the product cost including the fixed manufacturing cost shall be the part of unit product cost and will be used in the valuation of ending inventory of finished goods. Therefore, the proportionate fixed manufacturing cost is deducted from the sales revenue while computing the gross profit and remaining proportionate fixed product cost become part of ending inventory valuation. Then after computing the gross profit, the total selling and other administrative expense shall be deducted for the period to arrive at the amount of net operating income.

Unit Product cost under Absorption costing.

Answer 7

Chapter 21, Problem S21A.20SE

To determine

Unit Product cost under Absorption costing:

Under Absorption costing, the Unit product cost is computed on the fact that all the product cost including the fixed manufacturing cost shall be the part of unit product cost and will be used in the valuation of ending inventory of finished goods. Therefore, the proportionate fixed manufacturing cost is deducted from the sales revenue while computing the gross profit and remaining proportionate fixed product cost become part of ending inventory valuation. Then after computing the gross profit, the total selling and other administrative expense shall be deducted for the period to arrive at the amount of net operating income.

Unit Product cost under Absorption costing.

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 11

Ch. 21 - For Frank’s Funky Sounds, straight-line...Ch. 21 - Prob. 2QC Ch. 21 - Prob. 3QC Ch. 21 - Prob. 4QC Ch. 21 - Prob. 5QC Ch. 21 - On a CVP graph, the total cost line intersects the...Ch. 21 - If a company increases its sales price per unit...Ch. 21 - Prob. 8QC Ch. 21 - Prob. 9QC Ch. 21 - Prob. 10QC

Concept explainers

Videos

Want to see the full answer?

Chapter 21 Solutions