For XYZ Company, the following information related to costs is available for the last quarter: direct materials $1,000, direct labor $2,000, variable MOH $200, fixed MOH $1,800 and selling and administrative expenses $3,000. The product cost under variable costing is: O a. $4,800 O b. $3,200 O C. $8,000 O d. $5,000 O e. none of the given answers

For XYZ Company, the following information related to costs is available for the last quarter: direct materials $1,000, direct labor $2,000, variable MOH $200, fixed MOH $1,800 and selling and administrative expenses $3,000. The product cost under variable costing is: O a. $4,800 O b. $3,200 O C. $8,000 O d. $5,000 O e. none of the given answers

Name: For XYZ Company, the following information related to costs is availa
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Description: For XYZ Company, the following information related to costs is available for the last quarter: directmaterials $1,000, direct labor $2,000, variable MOH $200, fixed MOH $1,800 and selling andadministrative expenses $3,000. The product cost under var

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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For XYZ Company, the following information related to costs is available for the last quarter: direct materials $2,000, direct labor $3,000, variable MOH $400, fixed MOH $1,600 and selling and administrative expenses $3,000. The product cost under absorption costing is: O a. none of the given answers O b. $6,600 c. O c. $5,400 O d. $10,000O e. $7,000
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Lagle Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Cost per Cost per Unit Period $ 4.70 $ 3.60 $ 1.40 $ 1.60 $ 0.50 $ 16,900 Variable administrative expense Fixed selling and administrative expense $ 3,000 For financial reporting purposes, the total amount of period costs incurred to sell 6,500 units is closest to:
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