A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $ 177 Units in beginning inventory 0 Units produced 10,300 Units sold 10,000 Units in ending inventory 300 Variable costs per unit: Direct materials $ 57 Direct labor $ 46 Variable manufacturing overhead $ 16 Variable selling and administrative expense $ 10 Fixed costs: Fixed manufacturing overhead $309,000 Fixed selling and administrative expense $140,000 What is the total period cost for the month under variable costing?
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $ 177 Units in beginning inventory 0 Units produced 10,300 Units sold 10,000 Units in ending inventory 300 Variable costs per unit: Direct materials $ 57 Direct labor $ 46 Variable manufacturing overhead $ 16 Variable selling and administrative expense $ 10 Fixed costs: Fixed manufacturing overhead $309,000 Fixed selling and administrative expense $140,000 What is the total period cost for the month under variable costing?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
| Selling price | $ 177 |
|---|---|
| Units in beginning inventory | 0 |
| Units produced | 10,300 |
| Units sold | 10,000 |
| Units in ending inventory | 300 |
| Variable costs per unit: | |
| Direct materials | $ 57 |
| Direct labor | $ 46 |
| Variable manufacturing |
$ 16 |
| Variable selling and administrative expense | $ 10 |
| Fixed costs: | |
| Fixed manufacturing overhead | $309,000 |
| Fixed selling and administrative expense | $140,000 |
What is the total period cost for the month under variable costing?
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