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Use the following information for questions # of units produced 6,600 Variable Costs per Unit: Direct Materials $46 Direct Labor $16 Variable Manufacturing Overhead $8 Variable Selling & Admin. Expense $4 Fixed Costs per year: Fixed Manufacturing Overhead Fixed Selling & Admin $234,300 $161,700

Use the following information for questions # of units produced 6,600 Variable Costs per Unit: Direct Materials $46 Direct Labor $16 Variable Manufacturing Overhead $8 Variable Selling & Admin. Expense $4 Fixed Costs per year: Fixed Manufacturing Overhead Fixed Selling & Admin $234,300 $161,700

FINANCIAL ACCOUNTING
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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Use the following information for questions # of units produced 6,600 Variable Costs per Unit: Direct Materials $46 Direct Labor $16 Variable Manufacturing Overhead $8 Variable Selling & Admin. Expense $4 Fixed Costs per year: Fixed Manufacturing Overhead $234,300 Fixed Selling & Admin $161,700 The Absorption Costing Unit Product Cost is: The Variable Costing Unit Product Cost is: If 6,000 units are sold during the period, total period cost under variable costing would be: If 6,000 units are sold during the period, total period cost under absorption costing would be: If 6,000 units are sold during the period, net income under the absorption costing approach will be: Group of answer choices $15,750 lower than net income under the variable costing approach $15,750 higher than net income under the variable costing approach $21,300 higher than net income under the variable costing approach $21,300 lower than net income under the variable costing approach
Transcribed Image Text:Use the following information for questions # of units produced 6,600 Variable Costs per Unit: Direct Materials $46 Direct Labor $16 Variable Manufacturing Overhead $8 Variable Selling & Admin. Expense $4 Fixed Costs per year: Fixed Manufacturing Overhead $234,300 Fixed Selling & Admin $161,700 The Absorption Costing Unit Product Cost is: The Variable Costing Unit Product Cost is: If 6,000 units are sold during the period, total period cost under variable costing would be: If 6,000 units are sold during the period, total period cost under absorption costing would be: If 6,000 units are sold during the period, net income under the absorption costing approach will be: Group of answer choices $15,750 lower than net income under the variable costing approach $15,750 higher than net income under the variable costing approach $21,300 higher than net income under the variable costing approach $21,300 lower than net income under the variable costing approach
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