college - same person as order # 45590

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Mohammad Wasif · Accepted Answer

2
	2)
	Direct Material	$   10.30
	Direct Labor	$   20.30
	Variable Overhead	$   10.30
	Fixed Overhead	$   8.30
	Total product cost per units	$   49.20
3
	Cost per unit of finished goods using:	Absorption Costing
	Direct materials per unit	$   14.00
	Direct labor per unit	$   16.00
	Variable overhead per unit	$   3.00
	Fixed overhead per unit	$   6.00
	Cost per unit of finished goods using:	$   39.00
	Cost per unit of finished goods using:	Absorption Costing
	Number of units in finished goods	$   6,000
	Total Cost of finished goods inventory	$   234,000
	Cost per unit of finished goods using:	Absorption Costing
	Number of units in sold goods	14,000
	Total Cost of sold goods	$   546,000
4
	Cost per unit of finished goods using:	Variaable Costing
	Direct materials per unit	$   12.50
	Direct labor per unit	$   13.50
	Variable overhead per unit	$   8.50
	Cost per unit of finished goods using:	$   34.50
	Cost per unit of finished goods using:	Variaable Costing
	Number of units in finished goods	$   7,000
	Total Cost of finished goods inventory	$   241,500
	Cost per unit of finished goods using:	Variaable Costing
	Number of units in sold goods	22,500
	Total Cost of sold goods	$   776,250
5
	ACES INC
	Variable Costing Income Statement
	Sales		$   413,600
	Less: Variable Costs
	Variable product costs	$   116,560
	Variable selling and administrative expenses	$   8,460
	Total Variable Cost		$   125,020
	Contribution Margin		$   288,580
	Less: Fixed Costs
	Fixed overhead costs	$   74,240
	Fixed selling and administrative costs	$   65,

college - same person as order # 45590

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