here were no beginning or ending inventories. The variable costing unit product cost was: Kray Inc., which produces a single product, has provided the following data for its most recent month of operations:- **Number of units produced:** 3,700**Variable costs per unit:**- Direct materials: $47- Direct labor: $24- Variable manufacturing overhead: $13- Variable selling and administrative expense: $4**Fixed costs:**- Fixed manufacturing overhead: $325,600- Fixed selling and administrative expense: $288,600There were no beginning or ending inventories. The variable costing unit product cost was:

Variable costs are costs that vary with the change in the level of output.Total product cost is the combination of direct material cost, direct labor cost and manufacturing overhead cost.Unit product cost under variable costing:=Direct material+ direct labor+ variable manufacturing overhead= $47 + $24 + $13= $84Unit product cost under variable costing = $84

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Accounting

Kray Inc., which produces a single product, has provided the following data for its most recent month of operations: Number of units produced Variable costs per unit: Direct materials. Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $ $ $ 3,700 47 24 13 4 $325,600 $288,600 ere were no beginning or ending inventories. The variable costing unit product cost was:

Kray Inc., which produces a single product, has provided the following data for its most recent month of operations: Number of units produced Variable costs per unit: Direct materials. Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $ $ $ 3,700 47 24 13 4 $325,600 $288,600 ere were no beginning or ending inventories. The variable costing unit product cost was:

FINANCIAL ACCOUNTING

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Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.

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here were no beginning or ending inventories. The variable costing unit product cost was:

Kray Inc., which produces a single product, has provided the following data for its most recent month of operations:

- **Number of units produced:** 3,700

**Variable costs per unit:**
- Direct materials: $47
- Direct labor: $24
- Variable manufacturing overhead: $13
- Variable selling and administrative expense: $4

**Fixed costs:**
- Fixed manufacturing overhead: $325,600
- Fixed selling and administrative expense: $288,600

There were no beginning or ending inventories. The variable costing unit product cost was:

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