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Refer to the data in Exercise 6-9 for CompuDesk. Assume in this exercise that the company uses absorption costing.In Exercise 6-9, CompuDesk, Inc., makes an oak desk specially designed for personal computers. The desk sells for $200.
Data for last year's operations follow:
Units in beginning inventory . . . . . . . . . . . . . . . $ 0Units produced . . . . . . . . . . . . . . . . . . . . . . . . . $ 10,000Units sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 9,000Units in ending inventory . . . . . . . . . . . . . . . . . $ 1,000
Variable costs per unit:
Direct materials . . . . . . . . . . . . . . . . . . . . . . . $ 60Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . $ 30Variable manufacturing overhead . . . . . . . . . $ 10Variable selling and administrative . . . . . . . . $ 20Total variable cost per unit . . . . . . . . . . . . . . . $ 120Fixed costs:Fixed manufacturing overhead . . . . . . . . . . . $ 300,000Fixed selling and administrative . . . . . . . . . . $ 450,000Total fixed costs . . . . . . . . . . . . . . . . . . . . . . . $750,000
Required:
1. Compute the unit product cost for one computer desk. 2. Prepare an income statement.
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