Trio Company reports the following information for its first year of operations. Direct materials $ 13 per unit Direct labor $ 17 per unit Variable overhead $ 7 per unit Fixed overhead $ 220,950 per year Units produced 24,550 units Units sold 18,000 units Ending finished goods inventory 6,550 units Assume instead that Trio Company uses variable costing. 1. Compute the product cost per unit using variable costing. 2. Determine the cost of ending finished goods inventory using variable costing. 3. Determine the cost of goods sold using variable costing.

Trio Company reports the following information for its first year of operations. Direct materials $ 13 per unit Direct labor $ 17 per unit Variable overhead $ 7 per unit Fixed overhead $ 220,950 per year Units produced 24,550 units Units sold 18,000 units Ending finished goods inventory 6,550 units Assume instead that Trio Company uses variable costing. 1. Compute the product cost per unit using variable costing. 2. Determine the cost of ending finished goods inventory using variable costing. 3. Determine the cost of goods sold using variable costing.

Name: Trio Company reports the following information for its first year of o
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Description: Trio Company reports the following information for its first year of operations. Direct materials$ 13per unitDirect labor$ 17per unitVariable overhead$ 7per unitFixed overhead$ 220,950per yearUnits produced24,550unitsUnits sold18,000unitsEnding finis

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 9MC: Which is not a step In activity-based costing? A. identify the activities performed by the...

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Direct materials	$ 13	per unit
Direct labor	$ 17	per unit
Variable overhead	$ 7	per unit
Fixed overhead	$ 220,950	per year
Units produced	24,550	units
Units sold	18,000	units
Ending finished goods inventory	6,550	units

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