Given the following: Selling price $164 Units in beginning inventory Units produced 12,100 Units sold 11,700 Units in ending inventory 400 Variable cost per unit: Direct materials $52 $50 Direct labor Variable manufacturing overhead Variable selling and administrative $7 $4 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expenses $411,400 $163,800 What is the total period cost for the year under variable costing? Multiple Choice $575,200 $622,000 $210,600

Given the following: Selling price $164 Units in beginning inventory Units produced 12,100 Units sold 11,700 Units in ending inventory 400 Variable cost per unit: Direct materials $52 $50 Direct labor Variable manufacturing overhead Variable selling and administrative $7 $4 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expenses $411,400 $163,800 What is the total period cost for the year under variable costing? Multiple Choice $575,200 $622,000 $210,600

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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