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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: 0 4,500 4,400 100 Direct materials $ 51 Direct labor $ 53 Variable manufacturing overhead $ 16 Variable selling and administrative expense $ 14 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $44,000 $94,500 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: 0 4,500 4,400 100 Direct materials $ 51 Direct labor $ 53 Variable manufacturing overhead $ 16 Variable selling and administrative expense $ 14 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $44,000 $94,500 What is the variable costing unit product cost for the month?

FINANCIAL ACCOUNTING
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: Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: 0 4,500 4,400 100 Direct materials $ 51 Direct labor $ 53 Variable manufacturing overhead $ 16 Variable selling and administrative expense $ 14 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $44,000 $94,500 What is the variable costing unit product cost for the month?
Transcribed Image Text: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: 0 4,500 4,400 100 Direct materials $ 51 Direct labor $ 53 Variable manufacturing overhead $ 16 Variable selling and administrative expense $ 14 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $44,000 $94,500 What is the variable costing unit product cost for the month?
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