Concept Introduction:
Variable cost method is a method of costing which is also termed as direct costing in which all variable
Total cost method is a method of costing in which total cost i.e. fixed cost and variable cost is considered to determine the selling price of a product.
Requirement 1:
We have to determine the selling price per unit by opting variable cost method.
Concept Introduction:
Variable cost method is a method of costing which is also termed as direct costing in which all variable manufacturing costs are allocated to the product during the period.
Total cost method is a method of costing in which total cost i.e. fixed cost and variable cost is considered to determine the selling price of a product.
Requirement 2:
We have to determine the selling price per unit by opting total cost method.

Want to see the full answer?
Check out a sample textbook solution
Chapter 25 Solutions
FUNDAMENTAL ACCOUNTING PRINCIPLES
- provide solution of this question with financial accounting methodarrow_forwardSubject: Financial Accounting-The Banner Income Fund's average daily total assets were $100 million for the year just completed. Its stock purchases for the year were $20 million, while its sales were $12.5 million. What was its turnover?arrow_forwardWhat is the total gross profit margin for the month?arrow_forward
- What is the estimated percentage increase in net income general accounting question increase in sale?arrow_forwardWhat is the depreciation expense for 2022arrow_forwardBlueTech Corporation's balance sheet reports Assets of $8,400, Contributed Capital of $4,500, and Retained Earnings of $600. What is the total amount of liabilities on the balance sheet? a. $12,900 b. $3,300 c. $3,600 d. $8,100 e. None of the abovearrow_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





