Sprinkle Co. sells its product for $60 per unit. During 2016, it produced 60,000 units and sold 50,000 units (there was no beginning inventory). Costs per unit are: direct materials $15, direct labor $9, and variable overhead $3. Fixed costs are: $720,000 manufacturing overhead, and $90,000 selling and administrative expenses.
a. The per-unit manufacturing cost under absorption costing is
b. The per unit manufacturing cost under variable costing is
c. Cost of goods sold under absorption costing is
d. Ending inventory under variable costing is
e. Under absorption costing, what amount of fixed overhead is deferred to a future period?
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Home » Business » Sprinkle Co. sells its product for $60 per unit. During 2016, it produced 60,000 units and sold 50,000 units (there was no beginning inventory). Costs per unit are: direct materials $15, direct labor $9, and variable overhead $3.