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Author Question: Time Again LLC produces and sells a mantel clock for $100 per unit. In 2017, 41,000 clocks were ... (Read 40 times)

fbq8i

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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


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Marked as best answer by fbq8i on Mar 6, 2021

scottmt

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fbq8i

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Reply 2 on: Mar 6, 2021
Gracias!


zacnyjessica

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Reply 3 on: Yesterday
:D TYSM

 

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