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Question
Triton Industries reports the following information regarding its production cost:Units produced 77,000 units
Direct labor $27 per unit
Direct materials $12 per unit
Variable overhead $2,541,000 in total
Fixed overhead $3,311,000 in total
a. Compute production cost per unit under variable costing.
b. Compute production cost per unit under absorption costing.
a. $27 DL + $12 DM + ($2,541,000/77,000) VOH = $72 per unit under variable costing
b. $72 + ($3,311,000/77,000) FOH = $115 per unit under absorption costing
Answer
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