Trio Company reports the following information for the current year, which is its first year of operations. Assume instead that Trio Company uses variable costing. Direct materials $ 12.50 per unit Direct labor $ 13.50 per unit Overhead costs for the year Variable overhead $ 8.50 per unit Fixed overhead $ 320,000 per year Units produced this year 29,500 units Units sold this year 22,500 units Ending finished goods inventory in units 7,000 unitsa) Compute the cost per unit using variable costing.
b) Determine the cost of ending finished goods inventory using variable costing.
c) Determine the cost of goods sold using variable costing.

Cost per unit = $34.5

Total cost of finished goods = $241,500  

Total cost of goods sold = $776,250

Explanation:

1. Computation of cost per unit (Variable costing)  

Particulars                                  Amount  

Direct materials per unit  $12.50  

Direct labor per unit  $13.50  

Variable overhead per unit  $8.50  

Cost per unit                   $34.5  

2. Computation of cost of ending finished goods (Variable costing)

Total cost of finished goods = Ending finished goods x Cost per unit  

Total cost of finished goods = 7,000 x $34.5

Total cost of finished goods = $241,500  

3. Computation of cost of goods sold (Variable costing)

Total cost of goods sold = Units sold x Cost per unit

Total cost of goods sold = 22,500 x $34.5  

Total cost of goods sold = $776,250

answer; 33,000;

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi