Multiple Choice
Lily's Pastries produces cupcakes,which sell for $5 each.During the current month,Lily produced 2,800 cupcakes,but only sold 2,700 cupcakes.The variable cost per cupcake was $3 and the sales commission per cupcake was $0.50.Total fixed manufacturing costs were $1,400 and total fixed marketing and administrative costs were $1,200.What is the product cost per cupcake under absorption costing?
A) $3.50
B) $5.50
C) $5.00
D) $3.00
Correct Answer:
Verified
Correct Answer:
Verified
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