Under the absorption costing system each unit produced was assigned $5 in fixed overhead. cost. Therefore each unit going into inventory at the end of the period has $5 in fixed manufactured. overhead cost attached to it, or a total of $5,000 for 1,000 units (1,000 Ã $5).ariable selling and Administrative expenses $3 Fixed costs per year: Fixed manufacturing overhead $30,000 Fixed selling and administrative expenses $10,000 Required: 1. Compute the unit product cost under absorption costing method.
California Marijuana Laws. Explained by Criminal Defense Lawyers. In November of 2016, California voters passed Proposition 64, which legalized the use of recreational marijuana in California for adults 21 and over, as well as the sale and cultivation of marijuana in compliance with strict regulations.
Medical marijuana is already legal in California, which was the first state to legalize it in 1996. But despite California's weed-friendly reputation, there's no guarantee voters will pass another legalization law. California is one of eight states that will vote on legalization of recreational marijuana on Nov. 8. Medical marijuana, depicted here at a farmer's market in Los Angeles, is already legal in California. Prop 19, a ballot item to legalize recreation marijuana, went before California voters in 2010 but failed to pass.