Trio Company reports the following information for the current year, which is its first year...
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Accounting
Trio Company reports the following information for the current year, which is its first year of operations.
Direct materials
$
15
per unit
Direct labor
$
17
per unit
Overhead costs for the year
Variable overhead
$
60,000
per year
Fixed overhead
$
120,000
per year
Units produced this year
20,000
units
Units sold this year
14,000
units
Ending finished goods inventory in units
6,000
units
Compute the product cost per unit using absorption costing.
Cost per unit of finished goods using:
Absorption costing
Cost per unit of finished goods
Determine the cost of ending finished goods inventory using absorption costing.
Cost per unit of finished goods using:
Absorption costing
Number of units in finished goods
Total cost of finished goods inventory
Determine the cost of goods sold using absorption costing.
Cost per unit of goods sold using
Absorption costing
Number of units in sold goods
Total cost of sold goods
Trio Company reports the following information for the current year, which is its first year of operations. (Round intermediate calculations and final answers to two decimal places.)
Direct materials
$
13.00
per unit
Direct labor
$
14.00
per unit
Overhead costs for the year
Variable overhead
$
259,200
per year
Fixed overhead
$
330,000
per year
Units produced this year
28,800
units
Units sold this year
22,000
units
Ending finished goods inventory in units
6,800
units
Compute the product cost per unit using variable costing.
Cost per unit of finished goods using:
Variable costing
Cost per unit of finished goods
$0.00
Determine the cost of ending finished goods inventory using variable costing.
Cost per unit of finished goods using:
Variable costing
Number of units in finished goods
Total cost of finished goods inventory
Determine the cost of goods sold using variable costing.
Cost per unit of goods sold using
Variable costing
Number of units in sold goods
Total cost of sold goods
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