Compute the unit product cost

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Reference no: EM133445448

Questions: Baxtell Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations:


Variable costs per unit:
Manufacturing:
Direct materials	$	22
Direct labour		7
Variable manufacturing overhead		6
Variable selling and administrative		9
Fixed costs per year:
Fixed manufacturing overhead		318,150
Fixed selling and administrative expense		201,600

During the year, the company produced 35,350 units and sold 28,800 units. The selling price of the company's product is $65 per unit.

Required:

1. Assume that the company uses absorption costing.

a. Compute the unit product cost.

b. Prepare an income statement for the year. (Do not leave any empty spaces; input a 0 wherever it is required.)

Reference no: EM133445448

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