Bitonti Corporation has provided the following data for its most recent year of operation:    Manufacturing costs:  Variable manufacturing cost per unit produced:  Direct materials$9Direct labor$7Variable manufacturing overhead$5Fixed manufacturing overhead per year$156,000Selling and administrative expenses:  Variable selling and administrative expense per unit sold$5Fixed selling and administrative expense per year$81,000   Units in beginning inventory0Units produced during the year12,000Units sold during the year11,000Units in ending inventory1,000 The unit product cost under absorption costing is closest to:

A. $34.00
B. $39.00
C. $13.00
D. $21.00


Answer: A

Business

You might also like to view...

The expense of extending credit to make a sale should be recognized in the same period as the revenue from the sale

Indicate whether the statement is true or false

Business

Which of the following is true about the buying center?

A) In a buying center, one person cannot play more than one role. B) A typical buying center has a maximum of five or six members. C) A buying center consists of only mid-level managers and below. D) It is the decision-making unit of a buying organization. E) Gatekeepers in a buying center are people who authorize the proposed actions of deciders or buyers.

Business

When should a manager or company grant amnesty for an ethical violation?

a. If the employee was pressured into the violation, amnesty should be granted. b. If the violation was part of company culture, amnesty is encouraged. c. Amnesty should be granted for first offenses. d. It depends on the seriousness of the violation.

Business

When the appropriation of retained earnings is no longer needed, Retained Earnings Appropriated is debited and Cash is credited

Indicate whether the statement is true or false

Business