Moskowitz Corporation has provided the following data for its two most recent years of operation: Selling price per unit$91 Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$13Direct labor$7Variable manufacturing overhead$3Fixed manufacturing overhead per year$480,000Selling and administrative expenses: Variable selling and administrative expense per unit sold$6Fixed selling and administrative expense per year$84,000 Year 1Year 2Units in beginning inventory03,000Units produced during the year12,00010,000Units sold during the year9,00010,000Units in ending inventory3,0003,000The unit product cost under absorption costing in Year 2 is closest to:
A. $77.00
B. $48.00
C. $71.00
D. $23.00
Answer: C
You might also like to view...
I am really frustrated and unsatisfied with my work right now. I need my leader to ______.
A. nurture me B. involve me C. challenge me D. direct me
True or False Business research studies can be categorized according to the objective involved and may be exploratory, descriptive, causal, or predictive
Indicate whether the statement is true or false
The minimal spanning tree algorithm is considered to be a(n)
a. greedy algorithm. b. arc algorithm. c. non-optimal algorithm. d. non-feasible algorithm.
You would like to compare your firm's cost structure to that of your competitors. However, your competitors are much larger in size than your firm. Which one of these would best enable you to compare costs across your industry?
A) Pro forma balance sheet B) Common-size income statement C) Statement of cash flows D) Pro forma income statement E) Common-size balance sheet