A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:- **Selling price**: $165- **Units in beginning inventory**: 0- **Units produced**: 12,700- **Units sold**: 12,000- **Units in ending inventory**: 700**Variable costs per unit**:- Direct materials: $53- Direct labor: $48- Variable manufacturing overhead: $6- Variable selling and administrative expense: $4**Fixed costs**:- Fixed manufacturing overhead: $406,400- Fixed selling and administrative expense: $216,000**Question**: What is the total period cost for the month under variable costing?**Multiple Choice**:- $406,400- $264,000- $622,400- $670,400

Variable costing is the method using which the income statement can be prepared. Under this method,…

A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense What is the total period cost for the month under variable costing? Multiple Choice $406,400 $264,000 $622,400 $670,400 $ 165 0 12,700 12,000 700 $ 53 $ 48 $6 $4 $406,400 $216,000

A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense What is the total period cost for the month under variable costing? Multiple Choice $406,400 $264,000 $622,400 $670,400 $ 165 0 12,700 12,000 700 $ 53 $ 48 $6 $4 $406,400 $216,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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