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School
University of Illinois, Chicago **We aren't endorsed by this school
Course
ACTG 211
Subject
Accounting
Date
Oct 21, 2023
Pages
1
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Required information [The following information applies to the questions displayed below.] Barnes Company reports the following for its product for its first year of operations. Direct materials $ 36 per unit Direct labor $ 26 per unit Variable overhead $ 14 per unit Fixed overhead $ 72,000 per year Variable selling and administrative expenses $ 2 per unit Fixed selling and administrative expenses $ 38,000 per year Compute total product cost per unit using absorption costing for the following production levels: (a) 3,600 units, (b) 4,000 units, and (c) 6,000 units. | Units produced Eoduct cost per unit using absorption costing 3,600 4,000 6,000 | Direct materials Qs 36@ $ 36@ % 36 @ Direct labor 9 26 @ 26 ® 26 @ Variable overhead Q 14Q 14 @ 14 @ Fixed overhead o 20® 18 @ 12 Total product cost per unit $ 96 @ $ 4@ 88 &
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