use the following information for the exercise below. (algo)\nthe following information applies to the…

use the following information for the exercise below. (algo)\nthe following information applies to the questions displayed below.\ntrio company reports the following information for its first year of operations.\ndirect materials\ndirect labor $ 13 per unit\nvariable overhead $ 19 per unit\nfixed overhead $ 4 per unit\nunits produced $ 253,550 per year\nunits sold 23,050 units\nending finished goods inventory 18,000 units\n5,050 units\nexercise 19 - 1 (algo) computing unit and inventory costs under absorption costing lo p1\ncomplete this question by entering your answers in the tabs below.\ncompute the product cost per unit using absorption costing.\nproduct cost per unit of finished goods using: absorption costing\nproduct cost per unit

use the following information for the exercise below. (algo)\nthe following information applies to the questions displayed below.\ntrio company reports the following information for its first year of operations.\ndirect materials\ndirect labor $ 13 per unit\nvariable overhead $ 19 per unit\nfixed overhead $ 4 per unit\nunits produced $ 253,550 per year\nunits sold 23,050 units\nending finished goods inventory 18,000 units\n5,050 units\nexercise 19 - 1 (algo) computing unit and inventory costs under absorption costing lo p1\ncomplete this question by entering your answers in the tabs below.\ncompute the product cost per unit using absorption costing.\nproduct cost per unit of finished goods using: absorption costing\nproduct cost per unit

Answer

Explanation:

Step1: Calculate fixed overhead per unit

Fixed overhead per unit = $\frac{\text{Total fixed overhead}}{\text{Units produced}}$ Fixed overhead per unit = $\frac{253550}{23050}= 11$

Step2: Calculate product cost per unit using absorption costing

Product cost per unit = Direct materials + Direct labor + Variable overhead + Fixed overhead Product cost per unit = $13 + 19+4 + 11$

Answer:

$47$