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 2$ 174 10,100 9,500 Units in ending inventory Variable costs per unit: 600 Direct materials 2$ 56 Direct labor 2$ 50 Variable manufacturing overhead Variable selling and administrative expense 24 15 2$ Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $313,100 $114,000 What is the total period cost for the month under variable costing? Multiple Choice $313,100

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 2$ 174 10,100 9,500 Units in ending inventory Variable costs per unit: 600 Direct materials 2$ 56 Direct labor 2$ 50 Variable manufacturing overhead Variable selling and administrative expense 24 15 2$ Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $313,100 $114,000 What is the total period cost for the month under variable costing? Multiple Choice $313,100

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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