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Current Attempt in Progress Swifty Corporation sells its product for $50 per unit. During 2019, it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs per unit are: direct materials $6, direct labor $5, and variable overhead $2. Fixed costs are: $720000 manufacturing overhead and $90000 selling and administrative expenses. The per unit manufacturing cost under variable costing is O $25. o $11. O $27. o $13.

Current Attempt in Progress Swifty Corporation sells its product for $50 per unit. During 2019, it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs per unit are: direct materials $6, direct labor $5, and variable overhead $2. Fixed costs are: $720000 manufacturing overhead and $90000 selling and administrative expenses. The per unit manufacturing cost under variable costing is O $25. o $11. O $27. o $13.

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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Current Attempt in Progress Swifty Corporation sells its product for $50 per unit. During 2019, it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs per unit are: direct materials $6, direct labor $5, and variable overhead $2. Fixed costs are: $720000 manufacturing overhead and $90000 selling and administrative expenses. The per unit manufacturing cost under variable costing is O $25. o $11. O $27. o $13.
Transcribed Image Text:Current Attempt in Progress Swifty Corporation sells its product for $50 per unit. During 2019, it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs per unit are: direct materials $6, direct labor $5, and variable overhead $2. Fixed costs are: $720000 manufacturing overhead and $90000 selling and administrative expenses. The per unit manufacturing cost under variable costing is O $25. o $11. O $27. o $13.
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