Triton Industries Reports the Following Information Regarding Its Production Cost

question 43

Essay

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

a.Compute production cost per unit under variable costing.
b.Compute production cost per unit under absorption costing.

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Definitions:

Teratology

The study of abnormalities of physiological development, focusing on the causes and biological processes behind birth defects.

Exposure

The state of being subject to or presented with a particular environment, situation, or condition, which can lead to various psychological or physiological responses.

Marijuana

A psychoactive drug from the Cannabis plant, used for medical or recreational purposes.

Vulnerable

Susceptible to physical or emotional attack or harm.