Reference no: EM133175956
Question - ?Tipton, Inc. reports the following information? (assume no beginning? inventory):
Units produced 3,000 units
Units sold 2,800 units
Sales price $260 per unit
Direct materials $75 per unit
Direct labor $22 per unit
Variable manufacturing overhead $10 per unit
Fixed manufacturing overhead $9,000 per year
Variable selling and administrative costs $1 per unit
Fixed selling and administrative costs $10,500 per year
Required -
1. What is the unit product cost using absorption? costing?
2. What is the unit product cost using absorption? costing?
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