Triton Industries Reports the Following Information Regarding Its Production Cost

question 122

Essay

Triton Industries reports the following information regarding its production cost:
$\begin{array}{ll}\text { Units produced } & 77,000 \text { units } \\\text { Direct labor } & \$ 27 \text { per unit } \\\text { Direct materials } & \$ 12 \text { per unit } \\\text { Variable overhead } & \$ 2,541,000 \text { in tota } \\\text { Fixed overhead } & \$ 3,311,000 \text { in total }\end{array}$ a.Compute production cost per unit under variable costing.
b.Compute production cost per unit under absorption costing.

---

Definitions:

Corporations

Legal entities that are separate from their owners, providing limited liability protection, and able to enter into contracts, sue, and be sued.

Shares

Units of ownership interest in a corporation or financial asset that provide for an equal distribution in any profits, if any are declared, in the form of dividends.

Directors

Directors are individuals elected by the shareholders of a corporation to oversee and direct the corporation's affairs and make significant business decisions.

Shareholder's Right

The entitlements and privileges, such as voting and profit sharing, accorded to individuals or entities owning shares in a corporation.