Zot-Ice Corp Calculate the Unit Product Cost Using Absorption Costing and Variable

question 107

Essay

Zot-Ice Corp.has provided the following data for the current year.
$$\begin{array} { | l | r | r|} \hline \text { Units produced } & 2,500 &\text { units } \\\hline \text { Sales price } & \$ 200& \text { per unit } \\\hline \text { Direct materials } & \$ 75 &\text { per unit } \\\hline \text { Direct labor } & \$ 65& \text { per unit } \\\hline \text { Variable manufacturing overhead } & \$ 25& \text { per unit } \\\hline \text { Fixed manufacturing overhead } & \$ 225,000 &\text { per year } \\\hline \text { Variable selling and administrative costs } & \$ 30& \text { per unit } \\\hline \text { Fixed selling and administrative costs } & \$ 150,000 &\text { per year } \\\hline\end{array}$$ Calculate the unit product cost using absorption costing and variable costing.

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Definitions:

Heterogeneity

The quality or state of being diverse and varied in composition, including differences in cultural, socioeconomic, and demographic characteristics among groups or individuals.

Cultural Differentialism

The belief or perspective that cultures are inherently different and should be recognized for their distinct qualities that set them apart from other cultures.

Multiculturalism

A policy or philosophy that promotes the recognition, acceptance, and preservation of different cultural identities within a society.

Grobalization

The process of global homogenization through which cultures, policies, and economic activities become integrated and uniform around the world. (Given the term seems to be a misspelling of "Globalization", this is an attempt to reinterpret it creatively.)