Hayes Incorporated provided the following information for the current year: Beginning inventory 290 units Units...
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Accounting
Hayes Incorporated provided the following information for the current year:
Beginning inventory 290 units Units produced 940 units Units sold 953 units Selling price $ 340 /unit Direct materials $ 54 /unit Direct labor $ 35 /unit Variable manufacturing overhead $ 34 /unit Fixed manufacturing overhead $ 47,940 /year Variable selling/administrative costs $ 27 /unit Fixed selling/administrative costs $ 34,500 /year
What is the product cost per unit for the year using absorption costing?
Multiple Choice
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$174
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$123
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$150
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$173
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$169
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