Bryans Corporation has provided the following data for its two most recent years of operation: Selling price per unit$53Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$13Direct labor$6Variable manufacturing overhead$5Fixed manufacturing overhead per year$63,000Selling and administrative expenses: Variable selling and administrative expense per unit sold$4Fixed selling and administrative expense per year$71,000 Year 1Year 2Units in beginning inventory0 3,000Units produced during the year9,000 7,000Units sold during the year6,000 7,000Units in ending inventory3,000 3,000The unit product cost under absorption costing in Year 2 is closest to:
A. $9.00
B. $33.00
C. $37.00
D. $24.00
Answer: B
You might also like to view...
The most common form of direct marketing is e-mail
Indicate whether the statement is true or false
To satisfy the fieldwork standards, what must an auditor do?
a. Act with due care. b. Gather sufficient appropriate evidence. c. Be independent in mental attitude. d. Have adequate knowledge about the client's industry. e. All of the above.
Which of the following is not a courteous response?
A) We are happy to provide the information you requested. B) We have reviewed your request and found that a response is justified. C) Thank you for your request. D) We are pleased that you would like more information about our service. E) Please contact us with any further questions.
The process of estimating the dividends and earnings that can be expected from the firm based on determinants of value is called
A. technical analysis. B. macroeconomic forecasting. C. fundamental analysis. D. business-cycle forecasting. E. None of the options are correct.