Farris 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 Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Multiple Choice Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense What is the unit product cost for the month under variable costing? $32 per unit $37 per unit $66 per unit $ 78 0 $61 per unit 8,800 8,700 100 $ 18 $ 10 $4 $5 $255,200 $ 87,000
Farris 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 Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Multiple Choice Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense What is the unit product cost for the month under variable costing? $32 per unit $37 per unit $66 per unit $ 78 0 $61 per unit 8,800 8,700 100 $ 18 $ 10 $4 $5 $255,200 $ 87,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Farris 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
Units sold
Units in ending inventory
Variable costs per unit:
Direct materials
Direct labor
Variable manufacturing overhead
Variable selling and administrative expense
Multiple Choice
Fixed costs:
Fixed manufacturing overhead
Fixed selling and administrative expense
What is the unit product cost for the month under variable costing?
O
$32 per unit
$37 per unit
$ 78
0
$66 per unit
8,800
8,700
100
$61 per unit
$ 18
$ 10
$4
$5
$255,200
$ 87,000
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