Chapter 4, Problem 6P

Please explain the solution to this general accounting problem with accurate explanations.

What is the operating income for year 3?

What is the amount of the over-or under-applied factory overhead?

Accurate Answer

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What is the full cost per unit of making and selling the product

I am searching for the correct answer to this general accounting problem with proper accounting rules.

During June, the production department of a process operations system completed and transferred to finished goods a total of 82,000 units of product. At the end of May, 18,000 additional units were in process in the production department and were 70% complete with respect to materials. The beginning inventory included a materials cost of $92,400 and the production department incurred a direct materials cost of $276,800 during June. Compute the direct materials cost per equivalent unit for the department using the weighted-average method.

Can you solve this general accounting question with the appropriate accounting analysis techniques?