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Question: 70 ABC 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 There were no beginning or ending inventories. The absorption costing unit product cost was: a. $265 per unit b. $308 per unit 6,900 $ 139 $ 126 $ 7 $ 12 $ 2,48,400 $ 5,38,200 c. $272 per unit d. $398 per unit

Question: 70 ABC 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 There were no beginning or ending inventories. The absorption costing unit product cost was: a. $265 per unit b. $308 per unit 6,900 $ 139 $ 126 $ 7 $ 12 $ 2,48,400 $ 5,38,200 c. $272 per unit d. $398 per unit

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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Question: 70 ABC 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 There were no beginning or ending inventories. The absorption costing unit product cost was: a. $265 per unit b. $308 per unit 6,900 $ 139 $ 126 $ 7 $ 12 $ 2,48,400 $ 5,38,200 c. $272 per unit d. $398 per unit
Transcribed Image Text:Question: 70 ABC 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 There were no beginning or ending inventories. The absorption costing unit product cost was: a. $265 per unit b. $308 per unit 6,900 $ 139 $ 126 $ 7 $ 12 $ 2,48,400 $ 5,38,200 c. $272 per unit d. $398 per unit
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