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Calculate the cost per unit under absorption costing

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Reference no: EM133129767

Question - The following information is for Busi2101 Inc. for 2021

Beginning inventory (units) 0

Units Produced 10,000

Units Sold 8,600

Costs per unit: Direct materials 4.00

Direct labour 2.00

Variable overhead 0.75

Fixed overhead 2.00

Variable selling expenses 1.50

Fixed Selling and Administrative Costs 12,150

The price for the product is $40 per unit.

Required -

1. Calculate the cost per unit under absorption costing.

2. Calculate the cost per unit under variable costing.

3. Prepare an income statement using absorption costing.

4. Prepare an income statement using variable costing.

Reference no: EM133129767

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