Exercise 6-9 Income statement under absorption costing and variable costing LO P

Question

Exercise 6-9 Income statement under absorption costing and variable costing LO P1, P2 [The following information applies to the questions displayed below.) Cool Sky reporns the following costing data on its product for its first year of operations. During Part 1 of 4 produced 42,000 units and sold 34,000 units at a price of $150 per unit Panufacturing costs Direct saterials per unit Direct labor per unit Varlable overhead per unit fixed overhead for the year 5 66 points 5 546,888 Selling and administrative costs Varleble selling and adninistrative cost per unit Pixed selling and administrative cost per year s 118,000 Exercise 6-9 Part 1a 1a. Assume the company uses absorption costing Determine its product cost per unit Absorption costing ect mpenais per unt ina 234 Next >

Explanation / Answer

Direct materials per unit 66 Direct labor per unit 25 Variable overhead per unit 9 Fixed overhead per unit 13 =546000/42000 Cost per unit 113

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