SAT, 02.02.2021 07:50 Shihhschool20
2-36. Components of Full Costs
Gibson Corporation has compiled the following information from the accounting system for
one product it sells:
Sales price.
Fixed costs (for the month)
Marketing and administrative .
Manufacturing overhead.
Variable costs (per unit)
Marketing and administrative
Direct materials... Manufacturing overhead.
Direct labor..
Units produced and sold (for the month)
$300 per unit
$36,000
$54,000
$6
$90
$20 $55
1,800
Part! Introduction and Overview
Required
Determine each of the following unit costs:
a. Variable manufacturing cost.
b. Variable cost.
с. Full absorption cost.
d.
Full cost.
2-37. Components of Full Costs Refer to Exercise 2-36.
Required
Compute:
a. Product costs per unit.
b. Period costs for the period.
Answers: 3
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2-36. Components of Full Costs
Gibson Corporation has compiled the following information from the a...
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