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17 April, 00:53

Beamish Inc., which produces a single product, has provided the following data for its most recent month of operations: Number of units produced 8,300 Variable costs per unit: Direct materials $ 120 Direct labor $ 116 Variable manufacturing overhead $ 4 Variable selling and administrative expense $ 10 Fixed costs: Fixed manufacturing overhead $ 273,900 Fixed selling and administrative expense $ 589,300 There were no beginning or ending inventories. The absorption costing unit product cost was:

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  1. 17 April, 01:00
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    Absorption costing unit product cost = $273

    Explanation:

    As per the data given in the question,

    Unit production cost under absorption costing:

    Direct materials = $120

    Direct labor = $116

    Variable manufacturing overhead = $4

    Fixed manufacturing overhead cost = ($273,900 : $8,300) = $33

    Absorption costing unit product cost = ($120 + $116 + $4 + $33)

    = $273
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