Swift Co. produces footballs. It incurred the following costs this year: Direct materials Direct labor Fixed manufacturing overhead Variable manufacturing overhead Fixed selling and administrative expenses $35,000 31,000 22,000 38,000 23,000 Variable selling and administrative expenses 14,000 What are the total product costs for the company under variable costing?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 2PB: The following product costs are available for Kellee Company on the production of eyeglass frames:...
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Swift Co. produces footballs. It incurred the following costs this year:
Direct materials
Direct labor
Fixed manufacturing overhead
Variable manufacturing overhead
Fixed selling and administrative expenses
$35,000
31,000
22,000
38,000
23,000
Variable selling and administrative expenses 14,000
What are the total product costs for the company under variable costing?
Transcribed Image Text:Swift Co. produces footballs. It incurred the following costs this year: Direct materials Direct labor Fixed manufacturing overhead Variable manufacturing overhead Fixed selling and administrative expenses $35,000 31,000 22,000 38,000 23,000 Variable selling and administrative expenses 14,000 What are the total product costs for the company under variable costing?
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