Cool Sky Company reports the following costing data on its product for its first year of operations. During this first year, the company produced 44,000 units and sold 36,000 units at a price of $130 per unit.
Solution
1a)
1b)
2a)
2b)
.
Cool Sky Company reports the following costing data on its product for (1).docx
1. Cool Sky Company reports the following costing data on its product for its first year of
operations. During this first year, the company produced 44,000 units and sold 36,000 units at a
price of $130 per unit.
Cool Sky Company reports the following costing data on its product for its first year of
operations. During this first year, the company produced 44,000 units and sold 36,000 units at a
price of $130 per unit.
Solution
1a)
1b)
2a)
2b)
per unit product cost Absorption costing
Direct material 54
Direct labor 20
Variable manufacturing overhead 6
Fixed manufacturing overhead [484000/44000] 11
cost per unit 91