9-3:Potter Replica produces a specialty statue for sale tocollectors. In 2017, Potter’s expected and...

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Accounting

9-3:Potter Replica produces a specialty statue for sale tocollectors. In 2017, Potter’s expected and actual output was 12,000statues. Potter sold 10,000 statues at an average selling price of$425. Other information for Potter for 2017 is given below:
Direct materials $87.50 per unit
Variable manufacturing costs $50.00 per unit
Fixed manufacturing costs $62.50 per unit
Variable administrative costs $25.00 per unit
Calculate Potter Replica’s cost per statue under (a) absorptioncosting, (b) variable costing, and (c) throughput costing. What isPotter’s throughput margin for 2017

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In: Accounting9-3:Potter Replica produces a specialty statue for sale tocollectors. In 2017, Potter’s expected and actual...9-3:Potter Replica produces a specialty statue for sale tocollectors. In 2017, Potter’s expected and actual output was 12,000statues. Potter sold 10,000 statues at an average selling price of$425. Other information for Potter for 2017 is given below:Direct materials $87.50 per unitVariable manufacturing costs $50.00 per unitFixed manufacturing costs $62.50 per unitVariable administrative costs $25.00 per unitCalculate Potter Replica’s cost per statue under (a) absorptioncosting, (b) variable costing, and (c) throughput costing. What isPotter’s throughput margin for 2017