Managerial accounting, also known as management accounting, is a type of accounting that produces documents, reports, and statements that aid management in making better decisions about the performance of their company.
The following data is provided by Trio Company for the current year, which is its first full year of operations.
Direct materials, per unit $15
$ 16 for direct labor per unit
Costs of operations for the year
yearly variable overhead of $80,000
Fixed costs $160,000 annually
20,000 units were produced this year.
This year, 14,000 units were sold.
6,000 units of finished goods are being sold off.
Utilize absorption costing to calculate the cost per unit.
Utilizing absorption costs, the price per unit of completed goods
$15 for direct materials per unit
16 direct workers per unit
Per unit variable overhead 4
Fixed expenses each unit: 8
$43 is the price per finished good unit.
Utilize absorption costing to calculate the cost of ending finished goods inventory.
Utilizing absorption costing, calculate the price per finished good unit.
There are 6,000 units of finished goods.
Inventory finished goods total cost: $258,000
Absorption costing can be used to calculate the cost of sold goods.
Absorption costing's cost per unit of sold goods
14,000 units of the product were sold.
$602,000 was paid for all the goods sold..
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