Betsy's Pies, Inc. has provided the following financial information for the year: Finished Goods Inventory: Beginning balance, in units 620 Units produced 1,400 Units sold 1,500 Ending balance, in units 520 Production Costs: Variable manufacturing costs per unit $50 Total fixed manufacturing costs $50,400 What is the unit product cost for the year using variable costing? A. $86 B. $97 C. $34 D. $50
Betsy's Pies, Inc. has provided the following financial information for the year: Finished Goods Inventory: Beginning balance, in units 620 Units produced 1,400 Units sold 1,500 Ending balance, in units 520 Production Costs: Variable manufacturing costs per unit $50 Total fixed manufacturing costs $50,400 What is the unit product cost for the year using variable costing? A. $86 B. $97 C. $34 D. $50
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter2: Basic Managerial Accounting Concepts
Section: Chapter Questions
Problem 39E: Cost Classification Loring Company incurred the following costs last year: Required: 1. Classify...
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Betsy's Pies, Inc. has provided the following financial information for the year:
Finished Goods Inventory:
|
|
Beginning balance, in units
|
620
|
Units produced
|
1,400
|
Units sold
|
1,500
|
Ending balance, in units
|
520
|
Production Costs:
|
|
Variable manufacturing costs per unit
|
$50
|
Total fixed manufacturing costs
|
$50,400
|
What is the unit product cost for the year using variable costing?
$86
$97
$34
$50
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