Author Question: Time Again LLC produces and sells a mantel clock for $100 per unit. In 2017, 41,000 clocks were ... (Read 20 times)

fbq8i · **on:** Mar 6, 2021

Question 1

In ________, fixed manufacturing costs are included as inventoriable costs.
◦ variable costing
◦ absorption costing
◦ throughput costing
◦ activity-based costing

Question 2

Time Again LLC produces and sells a mantel clock for $100 per unit. In 2017, 41,000 clocks were produced and 37,000 were sold. Other information for the year includes:

Direct materials

$42 per unit

Direct manufacturing labor

$7 per unit

Variable manufacturing costs

$4

.00 per unit

Sales commissions

$14

.50 per part

Fixed manufacturing costs

$64

.00 per unit

Administrative expenses, all fixed

$38

.50 per unit

What is the inventoriable cost per unit using absorption costing?
◦ $49.00
◦ $53.00
◦ $117.00
◦ $106.00

scottmt · **Reply #1 on:** Mar 6, 2021

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