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Home Q & A Board Other Fields Homework Help Business Accounting
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7 years ago
Groovelex, Inc. has collected the following data for the current year:

Beginning Finished Goods Inventory   60   units
Units produced   560   units
Units sold   620   units
Sales price   $170   per unit
Direct materials   $40   per unit
Direct labor   $13   per unit
Variable manufacturing overhead   $14   per unit
Fixed manufacturing overhead   $19,500   per unit
Variable selling and administrative costs   $6   per unit
Fixed selling and administrative costs   $12,500   per unit

What is the unit product cost using absorption costing? (Round your answer to the nearest cent.)
A) $101.82
B) $61.82
C) $67.00
D) $130.14
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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Happy to help Smiling Face with Open Mouth
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