A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:Units in beginning inventoryUnits produced4,1004,000Units soldUnits in ending inventoryVariable costs per unit:100Direct materials$432$24Direct labor45Variable manufacturing overheadVariable selling and administrative expenseFixed costs:8$6.Fixed manufacturing overheadFixed selling and administrative expense$86,100$40,000What is the variable costing unit product cost for the month?

Variable costing product cost includes all the direct variable expenses but not selling and…

A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: 4,100 4,000 100 Direct materials 24 43 Direct labor 2$ 45 8 Variable manufacturing overhead Variable selling and administrative expense 24 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $86,100 $40,000 What is the variable costing unit product cost for the month?

A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: 4,100 4,000 100 Direct materials 24 43 Direct labor 2$ 45 8 Variable manufacturing overhead Variable selling and administrative expense 24 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $86,100 $40,000 What is the variable costing unit product cost for the month?

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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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 154 2,560 2,230 330 51 24 $. 15 16 $92,160 $11,150 The tegross margin for the month under absorption costing is: Multiple Chotce $62.440 S15.610, K Prev 4: of 10 Next > ere to search
Aaron Corporation, which has only one 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 $ 147 0 6,900 6,600 300 Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense What is the unit product cost for the month under variable costing? $ 24 $ 54 $ 18 $ 18 $ 186,300 $ 27,600 Multiple Choice $114 per unit $141 per unit $123 per unit
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What is the unit product cost under variable costing?
Estimated Income Statements, using Absorption and Variable Costing Prior to the first month of operations ending October 31, Marshall Inc. estimated the following operating results: Sales (23,200 x $81) $1,879,200 Manufacturing costs (23,200 units): Direct materials 1,127,520 Direct labor 266,800 Variable factory overhead 125,280 Fixed factory overhead 148,480 Fixed selling and administrative expenses 40,400 Variable selling and administrative expenses 48,800 The company is evaluating a proposal to manufacture 25,600 units instead of 23,200 units, thus creating an ending inventory of 2,400 units. Manufacturing the additional units will not change sales, unit variable factory overhead costs, total fixed factory overhead cost, or total selling and administrative expenses. a. 1. Prepare an estimated income statement, comparing operating results if 23,200 and 25,600 units are manufactured in the absorption costing format. If an amount box does not…
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