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 inventory3,0003,000 The unit product cost under absorption costing in Year 2 is closest to:
A. $48.00
B. $71.00
C. $23.00
D. $77.00
Answer: B
Business
You might also like to view...
You are writing a short informal report that will stay inside your organization. Which format would be most appropriate?
A) Letter format B) Memo or e-mail format C) Manuscript format D) Preprinted form
Business
Certain persons cannot make contracts that will bind them
Indicate whether the statement is true or false
Business
The U.S. Postal Service has regulations that affect advertising.
Answer the following statement true (T) or false (F)
Business
___________ encompasses any subscription-based or pay-per-use service that
extends an organization's existing IT capabilities over the Internet in real time. A. Cloud computing B. ISP C. DDP D. Client/server architecture
Business