Vong Company reports the following data: EB (Click on the icon to view the data.

Question

Vong Company reports the following data: EB (Click on the icon to view the data.) Calculate the product cost per unit and the total cost of the 700 units in ending inventory using absorption costing and variable costing. Calculate the cost per unit using absorption costing and variable costing. (If a box is not used in the table leave the box empty, do not enter a zero.) Absorption Variable Costing Costing Total unit product cost Calculate the total cost of the 700 units in ending inventory using absorption costing. The total cost of the 700 units in ending inventory using absorption costing is $ Calculate the total cost of the 700 units in ending inventory using variable costing. The total cost of the 700 units in ending inventory using variable costing is $

Explanation / Answer

Calculate unit cost :

Ending inventory cost under absorption costing = 700*69 = 48300

Ending inventory under Variable costing = 700*60 = 42000

Absorption costing Variable costing Variable manufacturing cost per unit 60 60 Fixed manufacturing cost per unit (19800/2200) 9 Unit product cost 69 60

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