required information use the following information for the quick study below. (algo) the following…

required information use the following information for the quick study below. (algo) the following information applies to the questions displayed below. vintage company reports the following information. direct materials $10.90 per unit direct labor $20.90 per unit units produced 29,000 units variable overhead $10.90 per unit fixed overhead $258,100 per year qs 18 - 23b (algo) computing unit cost under absorption costing lo p4 compute its product cost per unit under absorption costing. note: round your answers to 2 decimal places. using absorption costing: per unit product cost per unit

required information use the following information for the quick study below. (algo) the following information applies to the questions displayed below. vintage company reports the following information. direct materials $10.90 per unit direct labor $20.90 per unit units produced 29,000 units variable overhead $10.90 per unit fixed overhead $258,100 per year qs 18 - 23b (algo) computing unit cost under absorption costing lo p4 compute its product cost per unit under absorption costing. note: round your answers to 2 decimal places. using absorption costing: per unit product cost per unit

Answer

Explanation:

Step1: Recall absorption - costing formula

Absorption - costing unit product cost = Direct materials per unit+Direct labor per unit + Variable overhead per unit+Fixed overhead per unit.

Step2: Calculate fixed overhead per unit

Fixed overhead per unit=$\frac{Total\ fixed\ overhead}{Units\ produced}=\frac{258100}{29000}=8.90$

Step3: Calculate unit product cost

Unit product cost = $10.90 + 20.90+10.90 + 8.90=51.60$

Answer:

$51.60$