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Manama Company produces and sells a mantel clock for $100 per unit. In 2020, 42,125 clocks were produced and 37,958 were sold. Other information for the year includes: $43 per unit $5 per unit $3.50 per unit $14.50 per part $65.00 per unit Administrative expenses, all fixed $37.50 per unit Direct materials Direct manufacturing labor Variable manufacturing costs Sales commissions Fixed manufacturing costs What is the inventoriable cost per unit using variable costing? OA $66.00 O B. $51.50 OC $48.00 O D. $103.50

Manama Company produces and sells a mantel clock for $100 per unit. In 2020, 42,125 clocks were produced and 37,958 were sold. Other information for the year includes: $43 per unit $5 per unit $3.50 per unit $14.50 per part $65.00 per unit Administrative expenses, all fixed $37.50 per unit Direct materials Direct manufacturing labor Variable manufacturing costs Sales commissions Fixed manufacturing costs What is the inventoriable cost per unit using variable costing? OA $66.00 O B. $51.50 OC $48.00 O D. $103.50

FINANCIAL ACCOUNTING
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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Manama Company produces and sells a mantel clock for $100 per unit, In 2020, 42.125 clocks were produced and 37.958 were sold, Other information for the year includes: Direct materials Direct manufacturing labor Variable manufacturing costs Sales commissions Fixed manufacturing costs Administrative expenses, all fixed $37.50 per unit $43 per unit $5 per unit $3.50 per unit $14.50 per part $65.00 per unit What is the inventoriable cost per unit using variable costing? O A $66.00 O B. $51.50 OC $48.00 O D. $103.50
Transcribed Image Text:Manama Company produces and sells a mantel clock for $100 per unit, In 2020, 42.125 clocks were produced and 37.958 were sold, Other information for the year includes: Direct materials Direct manufacturing labor Variable manufacturing costs Sales commissions Fixed manufacturing costs Administrative expenses, all fixed $37.50 per unit $43 per unit $5 per unit $3.50 per unit $14.50 per part $65.00 per unit What is the inventoriable cost per unit using variable costing? O A $66.00 O B. $51.50 OC $48.00 O D. $103.50
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