Dy $20,625. D) decrease by $3,125. Use the following to answer questions 3-5 lok

Question

Dy $20,625. D) decrease by $3,125. Use the following to answer questions 3-5 lokens pL 3 Sprinkle Co. sells its product for $20 50.000 units (there was no beginning inventory). Costsper or $20 per unit. During 2013, it produced 60.000 units and sold no beginning inventory). Costs per unit are: direct materials S5. direct lls its product f r $3, and variable ov riable overhead S1. Fixed costs are: $240,000 manufacturing overhead. and S30.000 selling and administrative expenses. 270 k 3. Cost of goods sold under absorption costing is A) $450,000 B) $540.000 C) $650.000. D) $520,000. Version 4 Page 1

Explanation / Answer

Answer

3)

C) $650,000

Cost of goods sold under absorption costing = $650,000

50,000* (5+3+1+4) = $650,000

4.

C) $13

5.

B) $9

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