Lenart Corporation has provided the following data for its two most recent years of operation: Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$13Direct labor$6Variable manufacturing overhead$4Fixed manufacturing overhead per year$70,000Selling and administrative expenses: Variable selling and administrative expense per unit sold$6Fixed selling and administrative expense per year$83,000 Year 1Year 2Units in beginning inventory01,000Units produced during the year10,0007,000Units sold during the year9,0006,000Units in ending inventory1,0002,000The unit product cost under absorption costing in Year 2 is closest to:
A. $39.00
B. $23.00
C. $33.00
D. $10.00
Answer: C
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An extremely important part of incident management is notification. Specifically, notification refers to notifying management and other service desk analysts about the status of outstanding incidents.
Answer the following statement true (T) or false (F)
Kendra is part of a team that will be preparing a presentation to the board of directors about a new product idea. What will her team likely do the first time they meet?
A) Brainstorm for ideas B) Begin their research C) Start preparing PowerPoint slides D) Start composing a first draft of the presentation
A plant nursery pays $2,000 for 800 one-gallon flowering trees, plants them, and forgets them. Five years later, the nursery is able to sell each of the 100 trees that survived for $50 each. What is the rate of return on its total investment?
What will be an ideal response?
Gunes Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were: Cost PercentCompleteMaterials costs$10,600 65% Conversion costs$12,800 30% A total of 8,500 units were started and 7,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: CostMaterials costs$142,100 Conversion costs$359,500 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. The cost of ending work in process inventory in the first processing
department according to the company's cost system is closest to: A. $122,453 B. $48,071 C. $61,227 D. $42,859