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 $ 90 3,400 Units sold 3,000 Units in ending inventory 400 Variable costs per unit: $ 21 $ 38 Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense $ 6 $ 4 Fixed costs: Fixed manufacturing overhead $54,400 Fixed selling and administrative expense $ 3,000 What is the unit product 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
icon
Related questions
Topic Video
Question
100%
What is the unit product cost for the month under variable costing?
Multiple Choice
$81 per unit
$65 per unit
$69 per unit
$85 per unit
Transcribed Image Text:What is the unit product cost for the month under variable costing? Multiple Choice $81 per unit $65 per unit $69 per unit $85 per unit
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
$ 90
3,400
Units sold
3,000
Units in ending inventory
400
Variable costs per unit:
Direct materials
$ 21
Direct labor
$38
Variable manufacturing overhead
Variable selling and administrative expense
$ 6
$ 4
Fixed costs:
Fixed manufacturing overhead
Fixed selling and administrative expense
$54,400
$ 3,000
What is the unit product cost for the month under variable costing?
Transcribed Image Text: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 $ 90 3,400 Units sold 3,000 Units in ending inventory 400 Variable costs per unit: Direct materials $ 21 Direct labor $38 Variable manufacturing overhead Variable selling and administrative expense $ 6 $ 4 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $54,400 $ 3,000 What is the unit product cost for the month under variable costing?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Accounting for Merchandise Inventory
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education