Answer:
Answer for the question:
Bryans Corporation has provided the following data for its two most recent years of operation: Selling price per unit $ 53 Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials $ 13 Direct labor $ 6 Variable manufacturing overhead $ 5 Fixed manufacturing overhead per year $ 63,000 Selling and administrative expenses: Variable selling and administrative expense per unit sold $ 4 Fixed selling and administrative expense per year $ 71,000 Year 1 Year 2 Units in beginning inventory 0 3,000 Units produced during the year 9,000 7,000 Units sold during the year 6,000 7,000 Units in ending inventory 3,000 3,0000.
The unit product cost under absorption costing in Year 1 is closest to:
a.$35.00
b.$31.00
c.$7.00
d.$24.00
Is given in the attachment.
Explanation:
The unit product cost under absorption costing is $31 per unit.
Total Unit Product cost
Particulars Per unit
Direct Materials 13
Direct Labor 6
Variable Manufacturing overhead 5
Fixed Manufacturing overhead ($63,000 / 9,000 units) 7
Total Unit Product cost 31
hence, The unit product cost under absorption costing is $31 per unit.
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