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White Company manufactures a single product and has the following structure: Selling price P 420 Variable costs per unit: Direct materials P 72 Direct labor 96 Variable manufacturing overhead 24 Variable selling & administrative expense 48 Fixed costs per month: Fixed manufacturing overhead P 2,400,000 Fixed selling and administrative 1,400,000 The company produces 24,000 units each month and 23,600 units are sold in a month. What is the unit product cost under variable costing?

White Company manufactures a single product and has the following structure: Selling price P 420 Variable costs per unit: Direct materials P 72 Direct labor 96 Variable manufacturing overhead 24 Variable selling & administrative expense 48 Fixed costs per month: Fixed manufacturing overhead P 2,400,000 Fixed selling and administrative 1,400,000 The company produces 24,000 units each month and 23,600 units are sold in a month. What is the unit product cost under variable costing?

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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White Company manufactures a single product and has the following structure: Selling price P 420 Variable costs per unit: Direct materials P 72 Direct labor 96 Variable manufacturing overhead 24 Variable selling & administrative expense 48 Fixed costs per month: Fixed manufacturing overhead P 2,400,000 Fixed selling and administrative 1,400,000 The company produces 24,000 units each month and 23,600 units are sold in a month. What is the unit product cost under variable costing? OP 192 O P 292 O P 240 O P 490.33
Transcribed Image Text:White Company manufactures a single product and has the following structure: Selling price P 420 Variable costs per unit: Direct materials P 72 Direct labor 96 Variable manufacturing overhead 24 Variable selling & administrative expense 48 Fixed costs per month: Fixed manufacturing overhead P 2,400,000 Fixed selling and administrative 1,400,000 The company produces 24,000 units each month and 23,600 units are sold in a month. What is the unit product cost under variable costing? OP 192 O P 292 O P 240 O P 490.33
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