Triton Industries reports the following information regarding its production cost:Units produced77,000 unitsDirect labor$27 per unitDirect materials$12 per unitVariable overhead$33 per unitFixed overhead$3,311,000 in totala. Compute product cost per unit under variable costing.b. Compute product cost per unit under absorption costing.
What will be an ideal response?
a. $27 DL + $12 DM + $33 VOH = $72 per unit under variable costing
b. $72 + ($3,311,000/77,000) FOH = $115 per unit under absorption costing
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