Required information Skip to question Jarvix Company, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $111 Units in beginning inventory 0 Units produced 8, 800 Units sold 8,900 Variable costs per unit: Direct materials $34 Direct labour $37 Variable manufacturing overhead $3 Variable selling and administrative $9 Fixed costs: Fixed manufacturing overhead $61,600 Fixed selling and administrative $169, 100 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. What was the unit product cost for the month under absorption costing?

Required information Skip to question Jarvix Company, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $111 Units in beginning inventory 0 Units produced 8, 800 Units sold 8,900 Variable costs per unit: Direct materials $34 Direct labour $37 Variable manufacturing overhead $3 Variable selling and administrative $9 Fixed costs: Fixed manufacturing overhead $61,600 Fixed selling and administrative $169, 100 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. What was the unit product cost for the month under absorption costing?

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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