Hadley Corporation, which has only one product, has provided the following data concerning its most recent month of operations:   Selling price $ 126 Units in beginning inventory 0 Units produced 1,900 Units sold 1,800 Units in ending inventory 100 Variable costs per unit: Direct materials $ 49 Direct labor $ 28 Variable manufacturing overhead $ 5 Variable selling and administrative expense $ 11 Fixed costs: Fixed manufacturing overhead $ 32,300 Fixed selling and administrative expense $ 23,400 What is the total period cost for the month under variable costing?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Hadley Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

 



Selling price $ 126

Units in beginning inventory 0
Units produced 1,900
Units sold 1,800
Units in ending inventory 100



Variable costs per unit:
Direct materials $ 49
Direct labor $ 28
Variable manufacturing overhead $ 5
Variable selling and administrative expense $ 11
Fixed costs:
Fixed manufacturing overhead $ 32,300
Fixed selling and administrative expense $ 23,400

What is the total period cost for the month under variable costing?
$75,500
$43,200
$32,300
$55,700

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