Pandora Pillow Company’s planned production for the year just ended was 10,000 units. This production level was achieved, but only 9,000 units were sold. Other data follow:
Direct material used$40,000 Direct labor incurred 20,000 Fixed manufacturing overhead 25,000 Variable manufacturing overhead 12,000 Fixed selling and administrative expenses 30,000 Variable selling and administrative expenses 4,500 Finished-goods inventory, January 1 None
The cost per unit remained the same in the current year as in the previous year. There were no work-in-process inventories at the beginning or end of the year.
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