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 $ 121 6,000 Units sold 5,600 Units in ending inventory 400 Variable costs per unit: Direct materials $ 38 $ 53 $ 3 $ 11 Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $60,000 $28,000 What is the total period cost for the month under variable costing?

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 $ 121 6,000 Units sold 5,600 Units in ending inventory 400 Variable costs per unit: Direct materials $ 38 $ 53 $ 3 $ 11 Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $60,000 $28,000 What is the total period cost for the month under variable costing?

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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