Chapter 6 in class problems 10-9-16

Chapter 6 in class problems 10-9-16 - Johnson Company...

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Johnson Company produces a single product, has provided the following data for its most recent month of operations: Number of units produced 500 Variable cost per unit: Direct materials $20 Direct labor $17 Variable manufacturing overhead $ 8 Variable S&A expense $10 Fixed costs: Fixed manufacturing overhead $10,000 Fixed S&A expense $ 5,000 There were no beginning or ending inventories. What is the unit product cost under absorption costing? What is the unit product cost under variable costing? Johnson Company produces a single product, has provided the following data for its most recent month of operations: Selling price $100 Units in beginning inventory 0 Number of units produced 500 Number of units sold 400 Units in ending inventory 100 Variable cost per unit: Direct materials $20 Direct labor $17 Variable manufacturing overhead $ 8 Variable S&A expense $10 Fixed costs: Fixed manufacturing overhead
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