e https/ ucation.com/flow/connecthtml Homework #1 (L0130 Help During Heaton Comp

Question

e https/ ucation.com/flow/connecthtml Homework #1 (L0130 Help During Heaton Company's first two years of operations, it reported absorption costing net operating income as felows sales (e s62 per unit) 930,800 585,80 1,558,000 Cost of goods sold (e 539 per unit) tross margin selling and-adainistrative expenses Het operat ing income 153,00253,e0e $3 per unit veriable, $247000 fxed each year. The company's $39 unit product cost is computed as follows Direct Labor ar lable sanufacturing overhead Fixed manafacturing overhead ($320,000 29,00e units) bsorpt ion costing untt product cost Forty percent of fixed monufecturing overhead consists of wages and salaries the remainder consists of depreciation charges on production equipment and builidings Production and cost data for the first two years of operations are Prey 4of6 Next Type here to search 3

Explanation / Answer

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Unit product cost - Variable costing Years 1 & 2 Direct materials 9 Direct labor 11 Variable manufacturing overhead 3 Variable costing unit product cost $ 23

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