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Compute the unit product cost under variable costing

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Reference no: EM131578680

Question - Sproull Inc., which produces a single product, has provided the following data for its most recent month of operation:

Number of units produced - 2,000

Variable costs per unit:

Direct materials - $21

Direct labor - $75

Variable manufacturing overhead - $7

Variable selling and administrative expenses - $6

Fixed costs:

Fixed manufacturing overhead - $116,000

Fixed selling and administrative expenses - $40,000

The company had no beginning or ending inventories.

Required:

a. Compute the unit product cost under absorption costing.

b. Compute the unit product cost under variable costing.

Reference no: EM131578680

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