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Question - Trump Company sells its product for $25 per unit. During 2016, it produced 20,000 units and sold 15,000 units (there was no beginning inventory). Costs per unit are: direct materials $5, direct labour $4, and variable selling costs $3. Fixed costs are: $100,000 manufacturing overhead, and $50,000 selling and administrative expenses. Find the value of ending inventory under absorption costing?
The direct labor wage rate is $14 per hour. Each unit of finished goods requires two direct labor-hours. What are the expected cash collections for July
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Variable cost for each unit are $18 and total fixed costs are $3925. How many units must be sold to break even
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