Calculation of cost of per unit under absorption costing

Reference no: EM13824250

Question-

Olds Inc., which produces a single product, has provided the following data for its most recent month of operations:

Number of units produced	8,800
Variable costs per unit:
Direct materials	$57
Direct labor	$41
Variable manufacturing overhead	$6
Variable selling and administrative expenses	$10
Fixed costs:
Fixed manufacturing overhead	$299,200
Fixed selling and administrative expenses	$651,200

There were no beginning or ending inventories. The absorption costing unit product cost was:
a. $98
b. $138
c. $104
d. $222

Additional requirement-

This question belongs to Basic Accounting problem and it explanation about calculation of cost of per unit under absorption costing.

Reference no: EM13824250

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