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Lone Star has computed the following unit costs for the year just ended: Direct material used $12 Direct labor $18 Variable manufacturing overhead $25 Fixed manufacturing overhead $29 Variable selling and administrative cost $10 Fixed selling and administrative cost $17 Under absorption costing, each unit of the company's inventory would be carried at: $55
Lone Star has computed the following unit costs for the year just ended:
Direct material used $12
Direct labor $18
Variable manufacturing overhead $25
Fixed manufacturing overhead $29
Variable selling and administrative cost $10
Fixed selling and administrative cost $17
Under absorption costing, each unit of the company's inventory would be carried at:
$55.
$65.
$84.
some other amount.
$35.
Expert Solution
Solution:-
Direct Material = 12
Direct labor = 18
Variable manufacturing overhead = 25
Fixed manufacturing overhead = 29
Company inventories carried at = $ 84
Correct answer is option 3.
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