McIntosh, Inc. reports the following information: Beginning Finished Goods Inventory 50 units Units produced 540 units Units sold 590 units Sales price $160 per unit Direct materials $20 per unit Direct labor $14 per unit Variable manufacturing overhead $11 per unit Fixed manufacturing overhead $13,800 per year Variable selling and administrative costs $4 per unit Fixed selling and administrative costs $13,500 per year What is the unit product cost using variable costing? (Round your answer to the nearest cent.)
McIntosh, Inc. reports the following information: Beginning Finished Goods Inventory 50 units Units produced 540 units Units sold 590 units Sales price $160 per unit Direct materials $20 per unit Direct labor $14 per unit Variable manufacturing overhead $11 per unit Fixed manufacturing overhead $13,800 per year Variable selling and administrative costs $4 per unit Fixed selling and administrative costs $13,500 per year What is the unit product cost using variable costing? (Round your answer to the nearest cent.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
McIntosh, Inc. reports the following information:
|
Beginning Finished Goods Inventory
|
50
|
units
|
|
Units produced
|
540
|
units
|
|
Units sold
|
590
|
units
|
|
Sales price
|
$160
|
per unit
|
|
Direct materials
|
$20
|
per unit
|
|
Direct labor
|
$14
|
per unit
|
|
Variable manufacturing
|
$11
|
per unit
|
|
Fixed manufacturing overhead
|
$13,800
|
per year
|
|
Variable selling and administrative costs
|
$4
|
per unit
|
|
Fixed selling and administrative costs
|
$13,500
|
per year
|
What is the unit product cost using variable costing? (Round your answer to the nearest cent.)
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