The East Company manufactures several different products. Unit costs associated with Product ORD203 are as follows:
Direct materials $ 40
Direct manufacturing labor 8
Variable manufacturing overhead 12
Fixed manufacturing overhead 23
Sales commissions (2% of sales) 6
Administrative salaries 9
Total $98
REQUIRED:
foresee
1.Calculate the variable costs per unit associated with Product ORD203.
2.Calculate the fixed costs per unit associated with Product ORD203.
3.Calculate the inventoriable costs per unit associated with Product ORD203.
4.Calculate the period costs per unit associated with Product ORD203.
5.Calculate the Cost of Goods Manufactured for Product ORD203 and explain the reasons for calculating the cost of goods manufactured.