Hayes Incorporated provided the following information for the current year: 280 units 930 units 981 units $ 330 /unit $53 /unit $34 /unit Variable manufacturing overhead $33 /unit Fixed manufacturing overhead $ 46,500/year Variable selling/administrative costs $26 /unit Fixed selling/administrative costs $33,500/year O $170 What is the product cost per unit for the year using variable costing? O $120 Beginning inventory Units produced Units sold $146 O $217 O $165 Selling price Direct materials Direct labor

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Subject: accounting 

Hayes Incorporated provided the following information for the current year:
280
units
930
units
981
units
$ 330
/unit
$53
/unit
$34
/unit
Variable manufacturing overhead $33 /unit
Fixed manufacturing overhead $ 46,500/year
Variable selling/administrative costs $ 26
/unit
Fixed selling/administrative costs $33,500/year
What is the product cost per unit for the year using variable costing?
$170
O $120
Beginning inventory
Units produced
Units sold
$146
$217
O $165
Selling price
Direct materials
Direct labor
Transcribed Image Text:Hayes Incorporated provided the following information for the current year: 280 units 930 units 981 units $ 330 /unit $53 /unit $34 /unit Variable manufacturing overhead $33 /unit Fixed manufacturing overhead $ 46,500/year Variable selling/administrative costs $ 26 /unit Fixed selling/administrative costs $33,500/year What is the product cost per unit for the year using variable costing? $170 O $120 Beginning inventory Units produced Units sold $146 $217 O $165 Selling price Direct materials Direct labor
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