Glew Corporation has provided the following information:Variable manufacturing overheadFixed manufacturing overheadDirect materialsDirect laborSales commissions$1.00Variable administrative expense $0.40Fixed selling and administrative expense$57,200Cost per Unit Cost per Period$6.00$3.35$1.75$8,800$44,400$53,200$ 4,000For financial reporting purposes, the total amount of product costs incurred to make 4,000 units isclosest to:$ 8,800 Kesterson Corporation has provided the following information:Variable manufacturing overheadFixed manufacturing overhead$8,100Direct materialsDirect labor$24,900$22,100Sales commissions$1.50Variable administrative expense $ 0.40Fixed selling and administrative expenseIf 6,000 units are produced, the total amount of indirect manufacturing cost incurred is closest to:$14,000Cost per Unit Cost per Period$6.20$ 3.10$ 1.35$ 14,000$ 4,500

Name: Glew Corporation has provided the following information:Variable manu
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Description: Glew Corporation has provided the following information:Variable manufacturing overheadFixed manufacturing overheadDirect materialsDirect laborSales commissions$1.00Variable administrative expense $0.40Fixed selling and administrative expense$57,200

The cost can we classified into two categories i.e product cost and period cost. The product cost is…

Business

Accounting

Glew Corporation has provided the following information: Variable manufacturing overhead Fixed manufacturing overhead Direct materials Direct labor Sales commissions $1.00 Variable administrative expense $0.40 Fixed selling and administrative expense $57,200 $8,800 Cost per Unit Cost per Period $6.00 $3.35 $1.75 $ 4,000 For financial reporting purposes, the total amount of product costs incurred to make 4,000 units is closest to: $44,400 $53,200 $8,800

Glew Corporation has provided the following information: Variable manufacturing overhead Fixed manufacturing overhead Direct materials Direct labor Sales commissions $1.00 Variable administrative expense $0.40 Fixed selling and administrative expense $57,200 $8,800 Cost per Unit Cost per Period $6.00 $3.35 $1.75 $ 4,000 For financial reporting purposes, the total amount of product costs incurred to make 4,000 units is closest to: $44,400 $53,200 $8,800

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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4
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