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

question 211

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:

REM Sleep

A sleep phase characterized by Rapid Eye Movement, during which most dreaming occurs and brain activity closely resembles that of being awake.

Brain Activity

The functioning and processes occurring in the brain, including neural activity, cognitive processes, and consciousness.

Stage 1 Sleep

The initial phase of the sleep cycle, a light sleep stage from which individuals can be easily awakened.

REM Sleep

A stage of sleep characterized by rapid eye movement, vivid dreaming, and increased brain activity.