ACG_5300_QS_Chapter_19 - Chapter 19 QS 1,2,3,4 QS 19-1 Vijay reports the following information regarding its production costs Compute its production

# ACG_5300_QS_Chapter_19 - Chapter 19 QS 1,2,3,4 QS 19-1...

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Chapter 19 QS: 1,2,3,4 QS. 19-1. Vijay reports the following information regarding its production costs. Compute its production cost per unit under absorption costing. Direct material \$10 per unit Direct labor \$20 per unit Overhead costs for the year Variable overhead \$10 per unit Fixed overhead \$160,000 Units produced 20,000 unit Answer: Per unit costs Absorption costing Direct material \$10 Direct labor \$20 Variable overhead \$10 Fixed overhead \$8 Total product cost per units \$48 QS. 19-2. Refer to Vijay Company’s in QS 19-1. Compute its production cost per unit under variable costing. Answer: Per unit costs Variable costing Direct material \$10 Direct labor \$20 Variable overhead \$10 Fixed overhead - Total product cost per units \$40
QS. 19-3. Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 6,000 rackets and sold 4,900. Each racket was sold at a price of \$90. Fixed overhead costs are \$78,000 and fixed selling and administrative costs are \$65,200.

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• Fall '15
• Brown
• Revenue, Vijay Company