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Question 1.3 (Total: 15 marks) Springer Energy Inc. produces food products for people active in...

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Accounting

Question 1.3 (Total: 15 marks)

Springer Energy Inc. produces food products for people active in sports. The following budgeted volume and costs has been provided for one of their post-workout beverages:

Budgeted production

65,000 units

Selling price

$4.00 per unit

Direct material costs

$1.30 per unit

Direct labour costs

$0.20 per unit

Fixed manufacturing costs

$19,500

Variable manufacturing costs

$0.25 per unit

Variable administrative costs

$0.01 per unit

Fixed administrative costs

$3,900

Required

What is the inventoriable cost per drink under each of the following methods?

  1. absorption costing
  2. variable costing
  3. throughput costing

Answer & Explanation Solved by verified expert
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