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 Variable manufacturing overhead $5 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 Variable manufacturing overhead $5 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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
Variable manufacturing overhead $5
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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