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Alpha Company manufactures a single product, the Whiz Mixer kitchen appliance, which it sells for $32 per unit. Information about costs, production, and sales for the month of March is provided below: Variable Costs Fixed Costs Direct materials $10.00/unit Manufacturing overhead $23,000 Direct labour $4.50/unit Selling and Administration $10,000 Variable manufacturing overhead $2.50/unit Units produced in period 6,000 Variable selling/ administration $2.00/unit Units sold in period 6,000 Beginning inventory $0 Total period costs for Whiz Mixer using absorption costing is a. $ 22,000 b. $125,000 c. $37,000 d. $33,000

Alpha Company manufactures a single product, the Whiz Mixer kitchen appliance, which it sells for $32 per unit. Information about costs, production, and sales for the month of March is provided below: Variable Costs Fixed Costs Direct materials $10.00/unit Manufacturing overhead $23,000 Direct labour $4.50/unit Selling and Administration $10,000 Variable manufacturing overhead $2.50/unit Units produced in period 6,000 Variable selling/ administration $2.00/unit Units sold in period 6,000 Beginning inventory $0 Total period costs for Whiz Mixer using absorption costing is a. $ 22,000 b. $125,000 c. $37,000 d. $33,000

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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Alpha Company manufactures a single product, the Whiz Mixer kitchen appliance, which it sells for $32 per unit. Information about costs, production, and sales for the month of March is provided below: Variable Costs Fixed Costs Direct materials $10.00/unit Manufacturing overhead $23,000 Direct labour $4.50/unit Selling and Administration $10,000 Variable manufacturing overhead $2.50/unit Units produced in period 6,000 Variable selling/ administration $2.00/unit Units sold in period 6,000 Beginning inventory $0 Total period costs for Whiz Mixer using absorption costing is a. $ 22,000 b. $125,000 c. $37,000 d. $33,000
Transcribed Image Text:Alpha Company manufactures a single product, the Whiz Mixer kitchen appliance, which it sells for $32 per unit. Information about costs, production, and sales for the month of March is provided below: Variable Costs Fixed Costs Direct materials $10.00/unit Manufacturing overhead $23,000 Direct labour $4.50/unit Selling and Administration $10,000 Variable manufacturing overhead $2.50/unit Units produced in period 6,000 Variable selling/ administration $2.00/unit Units sold in period 6,000 Beginning inventory $0 Total period costs for Whiz Mixer using absorption costing is a. $ 22,000 b. $125,000 c. $37,000 d. $33,000
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