Gloria\'s Decorating produces and sells a mantel clock for $100 per unit. In 201

Question

Gloria's Decorating produces and sells a mantel clock for $100 per unit. In 2015, 42,125 clocks were produced and 37,958 were sold. Other information for the year includes: Direct materials Direct manufacturing labor Variable manufacturing costs Sales commissions Fixed manufacturing costs Administrative expenses, all fixed $40.00 per unit $5.00 per unit $ 7.50 per unit $12.50 per part $62.50 per unit $37.50 per unit 12) What is the inventoriable cost per unit using absorption costing? 12) 13) What is the inventoriable cost per unit using varable costing? 13)

Explanation / Answer

12) Calculate inventoriable cost per unit using absorption costing :

13) Calculate inventoriable cost per unit using variable costing :

Direct material 40 Direct manufacturing labour 5 Variable manufacturing costs 7.50 Fixed manufacturing costs 62.50 Total inventoriable cost per unit 115

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