magicalunicorns47
04.10.2020 •
Business
Inventory Valuation under Variable Costing Lane Company produced 50,000 units during its first year of operations and sold 47,300 at $12 per unit. The company chose practical activity—at 50,000 units—to compute its predetermined overhead rate. Manufacturing costs are as follows: Direct materials $123,000 Direct labor 93,000 Variable overhead 65,000 Fixed overhead 51,000Required: 1. Calculate the cost of one unit of product under variable costing. Round your answer to the nearest cent. $ 2. Calculate the cost of ending inventory under variable costing. $
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Ответ:
1. $5.62
2. $15,174
Explanation:
1. The computation of the cost of one unit of product under variable costing is shown below:-
Total product cost = Direct material + Direct labor + Variable overhead
= $123,000 + $93,000 + $65,000
= $281,000
Unit product cost = Total product cost ÷ Produced units
= $281,000 ÷ $50,000
= $5.62
2. The computation of cost of ending inventory under variable costing is shown below:-
Unsold at end = Unit produced - Unit sold
= 50,000 - 47,300
= 2,700
Cost of ending inventory = Number of units sold × Unit product cost
= $5.62 × 2,700
= $15,174
Ответ:
Important tasks are tasks that contribute to long-term missions and goals. Responding to an email, when you have to do it, is usually an urgent task.
Explanation:
These are things like phone calls, tasks with impending deadlines, and situations where you have to respond quickly.