Neef Corporation has provided the following data for its two most recent years of operation: Selling price per unit Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year Selling and administrative expenses: Variable selling and administrative expense per unit sold Fixed selling and administrative expense per year Year 1 0 Units in beginning inventory Units produced during the year Units sold during the year Units in ending inventory The unit product cost under variable costing in Year 1 is closest to: 12,000 9,000 3,000 Year 2 3,000 9,000 10,000 2,000 $ 84 $ 12 $5 $4 $ 432,000 $5 $ 61,000
Neef Corporation has provided the following data for its two most recent years of operation: Selling price per unit Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year Selling and administrative expenses: Variable selling and administrative expense per unit sold Fixed selling and administrative expense per year Year 1 0 Units in beginning inventory Units produced during the year Units sold during the year Units in ending inventory The unit product cost under variable costing in Year 1 is closest to: 12,000 9,000 3,000 Year 2 3,000 9,000 10,000 2,000 $ 84 $ 12 $5 $4 $ 432,000 $5 $ 61,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Ht.6.
Transcribed Image Text:Neef Corporation has provided the following data for its two most recent years of operation:
Selling price per unit
Manufacturing costs:
Variable manufacturing cost per unit produced:
Direct materials
Direct labor
Variable manufacturing overhead
Fixed manufacturing overhead per year
Selling and administrative expenses:
Variable selling and administrative expense per unit sold.
Fixed selling and administrative expense per year
Year 1
0
Units in beginning inventory
Units produced during the year
12,000
Units sold during the year
9,000
Units in ending inventory
3,000
The unit product cost under variable costing in Year 1 is closest to:
Multiple Choice
Year 2
3,000
9,000
10,000
2,000
$ 84
$ 12
$5
$4
$ 432,000
$5
$ 61,000
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