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
Chapter1: Financial Statements And Business Decisions
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa86a1319-5b7a-49b0-9c04-d6b7a9713b80%2Fdf162e49-01b4-4081-9f26-e4e6ad2b36fd%2Fnido034_processed.jpeg&w=3840&q=75)
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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