Business, 10.03.2020 20:35 beserkerbradley7800

Smidt Corporation has provided the following data for its two most recent years of operation:

Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials $ 9 Direct labor $ 5 Variable manufacturing overhead $ 5 Fixed manufacturing overhead per year $ 140,000 Selling and administrative expenses: Variable selling and administrative expense per unit sold $ 5 Fixed selling and administrative expense per year $ 65,000 Year 1 Year 2 Units in beginning inventory 0 3,000 Units produced during the year 10,000 7,000 Units sold during the year 7,000 6,000 Units in ending inventory 3,000 4,000

The unit product cost under absorption costing in Year 1 is closest to:

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Smidt Corporation has provided the following data for its two most recent years of operation:
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