2. The unit product cost at a production level of 410,000 units would be
calculated as follows:
Direct materials ... $57.20
Direct labor ... 15.00
Variable manufacturing overhead ... 5.00
Fixed manufacturing overhead
($6,888,000 ÷ 410,000 units)... 16.80
Unit product cost ... $94.00
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Solutions Manual, Chapter 7 387
Case 7-19 (continued)
Sales (410,000 units × $120 per unit) ... $49,200,000
Cost of goods sold:
Beginning inventory... $ 0
Add cost of goods manufactured
(410,000 units × $94 per unit)... 38,540,000
Goods available for sale ... 38,540,000
Less ending inventory ... 0 38,540,000
Gross margin ... 10,660,000
Less selling and administrative expenses:
Variable selling and administrative
(410,000 units × $10 per unit)... 4,100,000
Fixed selling and administrative ... 4,560,000 8,660,000
Net operating income ... $ 2,000,000
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