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Hayes Incorporated provided the following information for the current year: Beginning inventory 290 units Units...

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Accounting

Hayes Incorporated provided the following information for the current year:

Beginning inventory 290 units Units produced 940 units Units sold 953 units Selling price $ 340 /unit Direct materials $ 54 /unit Direct labor $ 35 /unit Variable manufacturing overhead $ 34 /unit Fixed manufacturing overhead $ 47,940 /year Variable selling/administrative costs $ 27 /unit Fixed selling/administrative costs $ 34,500 /year

What is the product cost per unit for the year using absorption costing?

Multiple Choice

  • $174

  • $123

  • $150

  • $173

  • $169

Answer & Explanation Solved by verified expert
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