Author Question: Time Again LLC produces and sells a mantel clock for $100 per unit. In 2017, 41,000 clocks were ... (Read 44 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

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 29% of students answer this correctly