What is the inventory cost per unit using absorption costing

timer Asked: Oct 24th, 2013

Question description

Toshi Company incurred the following costs in manufacturing desk calculators.

Direct materials  $14
Indirect materials (variable)  4
Direct labor  8
Indirect labor (variable)   6
Other variable factory overhead  10
Fixed factory overhead  28
Variable selling expenses 20
Fixed selling expenses  14

During the period, the company produced and sold 1,000 units. 
a. What is the inventory cost per unit using absorption costing? 
b. What is the inventory cost per unit using variable costing?

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