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

See similar textbooks

Similar questions

Please don't provide answer in image format thank you
Variable Costing, Value of Ending Inventory, Operating Income Pattison Products, Inc., began operations in October and manufactured 44,000 units during the month with the following unit costs: Direct materials $5.80 Direct labor 3.80 Variable overhead 1.90 Fixed overhead* 7.80 Variable marketing cost 1.60 * Fixed overhead per unit = $343,200 / 44,000 units produced = $7.80 Total fixed factory overhead is $343,200 per month. During October, 42,900 units were sold at a price of $27, and fixed marketing and administrative expenses were $110,900. Required: Question Content Area 1. Calculate the cost of each unit using variable costing. Round your final answer to the nearest cent. $fill in the blank 4d8e7ff35fc6014_1 per unit 2. How many units remain in ending inventory?fill in the blank 4d8e7ff35fc6014_2 units What is the cost of ending inventory using variable costing?$fill in the blank 4d8e7ff35fc6014_3 Question Content Area 3. Prepare a variable-costing…
don't give answer in image format
Please do not give solution in image format thanku
Variable costs per unit: Direct materials 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 $ 131 0 3,320 2,890 430 $ 45 Direct labor Variable manufacturing overhead $ 15 $ 7 Variable selling and administrative expense Fixed costs: $ 19 Fixed manufacturing overhead $92,960 Fixed selling and administrative expense $28,900 The total gross margin for the month under absorption costing is:
Variable Costing, Value of Ending Inventory, Operating Income Pattison Products, Inc., began operations in October and manufactured 47,000 units during the month with the following unit costs: Direct materials $4.80 Direct labor 2.80 Variable overhead 1.40 Fixed overhead* 6.80 Variable marketing cost 1.10 * Fixed overhead per unit = $319,600 / 47,000 units produced = $6.80 Total fixed factory overhead is $319,600 per month. During October, 46,000 units were sold at a price of $24.5, and fixed marketing and administrative expenses were $117,600. Required: 1. Calculate the cost of each unit using variable costing. Round your final answer to the nearest cent. $fill in the blank ce3411029f88017_1 per unit 2. How many units remain in ending inventory?fill in the blank ce3411029f88017_2 units What is the cost of ending inventory using variable costing?$fill in the blank ce3411029f88017_3 3. Prepare a variable-costing income statement for Pattison Products,…
Variable Costing Lindquist Company has the following information for February: Sales $690,000 Variable cost of goods sold 324,300 Fixed manufacturing costs 117,300 Variable selling and administrative expenses 62,100 Fixed selling and administrative expenses 41,400 Determine the following for Lindquist Company for the month of February: a. Manufacturing margin b. Contribution margin c. Operating income 365,700
Net operating income for April under absorption costingA. 4,900 C. (11,100)B. 6,600 D. 11,500
Variable Costing, Value of Ending Inventory, Operating Income Pattison Products, Inc., began operations in October and manufactured 46,000 units during the month with the following unit costs: Direct materials $5.50 Direct labor 3.50 Variable overhead 1.75 Fixed overhead* 7.50 Variable marketing cost 1.45 * Fixed overhead per unit = $345,000 / 46,000 units produced = $7.50 Total fixed factory overhead is $345,000 per month. During October, 44,700 units were sold at a price of $25.75, and fixed marketing and administrative expenses were $128,000. Required: 1. Calculate the cost of each unit using variable costing. Round your final answer to the nearest cent. $ per unit 2. How many units remain in ending inventory? units What is the cost of ending inventory using variable costing?
Want all Answer of this
H1.
Want the Correct answer