Urban Company reports the following information regarding its production cost: Units produced Direct labor 30,000 units $ 23 per unit Direct materials Variable overhead Fixed overhead $ 28 per unit $ 11 per unit $ 120,000 in total Compute product cost per unit under variable costing. Multiple Choice О $51.00 О $55.00 ○ $62.00 O О $28.00 $23.00

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
Urban Company reports the following information regarding its production cost:
Units produced
Direct labor
30,000 units
$ 23 per unit
Direct materials
Variable overhead
Fixed overhead
$ 28 per unit
$ 11 per unit
$ 120,000 in total
Compute product cost per unit under variable costing.
Multiple Choice
О $51.00
О
$55.00
○ $62.00
O
О
$28.00
$23.00
Transcribed Image Text:Urban Company reports the following information regarding its production cost: Units produced Direct labor 30,000 units $ 23 per unit Direct materials Variable overhead Fixed overhead $ 28 per unit $ 11 per unit $ 120,000 in total Compute product cost per unit under variable costing. Multiple Choice О $51.00 О $55.00 ○ $62.00 O О $28.00 $23.00
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