The following information pertains to the JAG Corporation for the month of July 100,000 units were sold in July at a selling price per unit of $24. The standard unit manufacturing costs for the month were: VCU FCU Total Mfg cost per unit elling and administrative costs for the month were: VCU Total fixed costs $12 4 $16 $5 $400,000 unit rate for fixed manufacturing costs is a predetermined rate based on a capacity level of 150,000 units month. Production for July was 45.000 units less than sales. Ending inventory on June 30 consisted of 00 units. Actual fixed manufacturing costs were $600,000.

The following information pertains to the JAG Corporation for the month of July 100,000 units were sold in July at a selling price per unit of $24. The standard unit manufacturing costs for the month were: VCU FCU Total Mfg cost per unit elling and administrative costs for the month were: VCU Total fixed costs $12 4 $16 $5 $400,000 unit rate for fixed manufacturing costs is a predetermined rate based on a capacity level of 150,000 units month. Production for July was 45.000 units less than sales. Ending inventory on June 30 consisted of 00 units. Actual fixed manufacturing costs were $600,000.

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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