Granger Corp. produces a single product and has the following cost structure: ...
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Accounting
Granger Corp. produces a single product and has the following cost structure:
| Number of units produced each year | 6000 |
| Variable costs per unit: | |
| Direct materials | $43 |
| Direct labor | $13 |
| Variable manufacturing overhead | $5 |
| Variable selling and Administrative expense | $1 |
| Fixed costs per year: | |
| Fixed manufacturing overhead | $204,000 |
| Fixed selling and Admin expense | $138,000 |
The absorption costing unit product cost is:
1. $56
2. $95
3. $119
4. $61
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