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Question: lancu Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $149 Units in beginning inventory 0 Units produced 4,200 Units sold 3,900 Units in ending inventory 300 Variable costs per unit: Direct materials $27 Direct labor $46 $5 Variable manufacturing overhead Variable selling and administrative $9 Fixed costs: Fixed manufacturing overhead $155,400 Fixed selling and administrative $70.200 What is the unit product cost for the month under variable costing? a. $124 per unit b. $115 per unit c. $78 per unit d. $87 per unit

Question: lancu Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $149 Units in beginning inventory 0 Units produced 4,200 Units sold 3,900 Units in ending inventory 300 Variable costs per unit: Direct materials $27 Direct labor $46 $5 Variable manufacturing overhead Variable selling and administrative $9 Fixed costs: Fixed manufacturing overhead $155,400 Fixed selling and administrative $70.200 What is the unit product cost for the month under variable costing? a. $124 per unit b. $115 per unit c. $78 per unit d. $87 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: lancu Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $149 Units in beginning inventory 0 Units produced 4,200 Units sold 3,900 Units in ending inventory 300 Variable costs per unit: Direct materials $27 Direct labor $46 $5 Variable manufacturing overhead Variable selling and administrative $9 Fixed costs: Fixed manufacturing overhead $155,400 Fixed selling and administrative $70.200 What is the unit product cost for the month under variable costing? a. $124 per unit b. $115 per unit c. $78 per unit d. $87 per unit
Transcribed Image Text:Question: lancu Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $149 Units in beginning inventory 0 Units produced 4,200 Units sold 3,900 Units in ending inventory 300 Variable costs per unit: Direct materials $27 Direct labor $46 $5 Variable manufacturing overhead Variable selling and administrative $9 Fixed costs: Fixed manufacturing overhead $155,400 Fixed selling and administrative $70.200 What is the unit product cost for the month under variable costing? a. $124 per unit b. $115 per unit c. $78 per unit d. $87 per unit
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