× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
j
4
m
4
4
4
n
3
m
3
R
3
V
3
e
3
w
3
j
3
a
3
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
amandeep68 amandeep68
wrote...
Posts: 343
Rep: 0 0
6 years ago
Time Again LLC produces and sells a mantel clock for $100 per unit. In 2017, 41,000 clocks were produced and 37,000 were sold. Other information for the year includes:

Direct materials$42 per unit
Direct manufacturing labor$7 per unit
Variable manufacturing costs$4.00 per unit
Sales commissions$14.50 per part
Fixed manufacturing costs$64.00 per unit
Administrative expenses, all fixed$38.50 per unit

What is the inventoriable cost per unit using absorption costing?
A) $49.00
B) $53.00
C) $117.00
D) $106.00
Textbook 
Cost Accounting: A Managerial Emphasis

Cost Accounting: A Managerial Emphasis


Edition: 16th
Authors:
Read 80 times
1 Reply

Related Topics

Replies
wrote...
#1
6 years ago
 C
Explanation:  Absorption costing considers all variable manufacturing costs and all fixed manufacturing costs as inventoriable costs. Therefore, in this case, direct materials, direct manufacturing labor, variable manufacturing costs, and fixed manufacturing costs will be considered as inventoriable cost. The total inventoriable cost = ($42 + $7 + $4.00 + $64.00) = $117.00.
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  974 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 430
  
 88
  
 677
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 405
Previous poll results: Where do you get your textbooks?