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Determine and compute the unit product cost

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During the year, the company produced 25,000 units and sold 20,000 units. The selling price of the company's product was $50 per unit.

1. Assume that the company uses absorption costing method.

Question (a) Compute the unit product cost.

Total product using absorption costing

= DL+ DM + VMOH + FMOH

= $9+$6 +$ 3+ $300,000

= $300, 018

$300 018/251000

= $12. 00072

Question (b) Prepare the income statement for the year.

 

Attachment:- unit product cost.rar

Reference no: EM132473742

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