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?
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?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
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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