A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $132 Units in beginning inventory 0 Units produced 1,100 Units sold 800 Units in ending inventory 300 Variable costs per unit: Direct materials $48 Direct labor $17 Variable manufacturing overhead $2 Variable selling and administrative $4 Fixed costs: Fixed manufacturing overhead $39,600 Fixed selling and administrative $7,200 What is the total period cost for the month under absorption costing?

Q: Aaron Corporation, which has only one product, has provided the following data concerning its most…

A: Product cost is the cost incurred on the production or making of a product. It is the cost that…

Q: Please need answer with given option

A: Step 1: Introduction to The Absorption Costing:Under absorption costing, the costing of the products…

Q: Aaron Corporation, which has only one product, has provided the following data concerning its most…

A: Using Absorption costing, both variable and fixed Costs are included in the product cost. The gross…

Q: Question: lancu Corporation, which has only one product, has provided the following data concerning…

A: Step 1: Step 2: Unit product cost=Direct materials+Direct labor+Variable manufacturing…

Q: A manufacturing company that produces a single product has provided the following data concerning…

A: Variable costing: It refers to a method of deriving net income by only considering variable…

Q: Zaria Inc. provides the following cost information for producing 10,000 units of inventory during…

A: The objective of the question is to calculate the product cost per unit under variable costing…

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A: Variable cost of Goods Sold per unit = Direct material + direct labor + variable manufacturing…

Q: Baughn Corporation, which has only one product, has provided the following data concerning its most…

A: Product cost means the cost of producing one unit of finished goods.Period cost means the cost that…

Q: Estimated Income Statements, using Absorption and Variable Costing Prior to the first month of…

A: Absorption costing also called as historical costing is the practice of charging both fixed and…

Q: Beamish Incorporated, which produces a single product, has provided the following data for its most…

A: Absorption costing is one of the methods of determining the product cost, it includes direct and…

Q: A manufacturing company that produces a single product has provided the following data concerning…

A: Variable costing method only consider variable productive expenses so,In variable costing fixed cost…

Q: Aaron Corporation, which has only one product, has provided the following data concerning its most…

A: Product cost is the amount of cost incurred by the entity on the making of the goods. It includes…

Q: For the month of March, the Range Company reported operating income under variable costing of…

A: The difference between operating income under variable costing and absorption costing is due to the…

Q: Beamish Incorporated, which produces a single product, has provided the following data for its most…

A: Absorption costing: Absorption costing is also called traditional costing. This method of costing…

Q: Gabuat Corporation, which has only one product, has provided the following data concerning its most…

A: The objective of the question is to calculate the total gross margin for the month under the…

Q: Denton Company manufactures and sells a single product Cost data for the product are given: Variable…

A: Absorption CostingVariable CostingDirect Materials$3.00$3.00Direct Labor$10.00$10.00Variable…

Q: A manufacturing company that produces a single product has provided the following data concerning…

A: Under the variable costing, fixed manufacturing overhead cost is considered as a period cost.…

Q: Number of units produced Variable costs per unit: Direct materials Direct labor Variable…

A: Variable costing: Variable costing is a cost concept in management accounting. Manufacturing…

Q: ing company that produces a single product has provided the following data concerning its most…

A: Product cost is  the cost incurred for manufacturing a  product .Under variable costing , product…

Q: Estimated Income Statements, using Absorption and Variable Costing Prior to the first month of…

A: Absorption costing also called as historical costing is the practice of charging both fixed and…

Q: Prior to the first month of operations ending October 31, Marshall Inc. estimated the following…

A: Income statement in the cost accounting can be prepared using two methods; Absorption costing and…

Q: The absorption costing unit product cost was:

A: The product cost means all the cost incurred by the company to produce the product or services.It…

Q: Estimated Income Statements, using Absorption and Variable Costing Prior to the first month of…

A: One of the three crucial financial statements along with the cash flow statement and the balance…

Q: A manufacturing company that produces a single product has provided the following data concerning…

A: In managerial and cost accounting, period costs refer to costs that are not tied to or related to…

Q: 1. Compute the product cost per unit using variable costing. 2. Determine the cost of ending…

A: The varaible costing is a method of costing wherein only variable costs are considered to calculate…

Q: Prepare an estimated income statement, comparing operating results if 23,200 and 25,600 units are…

A: Income Statement is one of the important financial statement to be prepared at the year-end along…

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Q: a. 1. Prepare an estimated income statement, comparing operating results if 25,600 and 28,800 units…

A: To determine the product cost of a company two types of costing methods are used which are variable…

Q: ow do I prepare an income statement based on variable co

A: In managerial accounting, variable costing is a cost concept. During the creation of a product…

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A:

Q: Carolina Corporation, which uses throughput costing, began operations at the start of the current…

A: Total cost is the amount of money incurred by the entity on the making and selling of the goods. It…

Q: $ 134 Selling price Units in beginning inventory Units produced 7,600 Units sold 7,300 Units in…

A: Correct answer:- $11,900

Q: If 2,000 units remain unsold at the end of the month and sales total $300,000 for the month, the…

A: Variable costing:   Variable costing is the method that is used by the management (managers) for…

Q: A manufacturing company that produces a single product has provided the following data concerning…

A: The period cost is that cost that can not be capitalized like fixed manufacturing overhead, selling…

Q: Company A sells a single product for $20 per unit. Additional data for the company's first month of…

A: ABSORPTION COSTINGAbsorption Costing is a Cost Management Accounting method in which all costs…

Q: Estimated Income Statements, using Absorption and Variable Costing Prior to the first month of…

A: Under variable costing, fixed manufacturing overhead is considered as a period cost and deducted a…

Q: Baughn Corporation, which has only one product, has provided the following data concerning its most…

A: Variable costing only includes theproduct costs that vary with output. It doesnt include the fixed…

Inventory Valuation

Before discussing the topic inventory valuation let’s discuss the meaning of inventory. In accounting, inventory is also known as stock. Inventory means all the finished goods, materials, merchandise that a business holds for the purpose of selling it in the market with the motive of earning profit.