Triton Industries Reports the Following Information Regarding Its Production Cost

Essay

Triton Industries reports the following information regarding its production cost:
$$\begin{array} { | l | l | } \hline \text { Units produced } & 77,000 \text { units } \\\hline \text { Direct labor } & \$ 27 \text { per unit } \\\hline \text { Direct materials } & \$ 12 \text { per unit } \\\hline \text { Variable overhead } & \$ 33 \text { per unit } \\\hline \text { Fixed overhead } & \$ 3,311,000 \text { in total } \\\hline\end{array}$$ a. Compute product cost per unit under variable costing.
b. Compute product cost per unit under absorption costing.