You have been provided the following data relating to Milestone Ltd.: Particulars Selling Price Amount 195 Units in beginning inventory |Units produced Units sold Units in ending inventory Variable costs per Unit: Direct Material |Direct Labor Variable manufacturing overhead Variable selling and administrative overhead Fixed Costs: Fixed manufacturing overhead Fixed selling and administartive 2,120 1,550 570 92 35 13 7 29,680 29,450 Calculate the total period cost for the month under variable costing method a. Total period cost under the variable costing is $62,580 b. Total period cost under the variable costing is $69,980 c. Total period cost under the variable costing is $83,900 d. Total period cost under the variable costing is $50,350

You have been provided the following data relating to Milestone Ltd.: Particulars Selling Price Amount 195 Units in beginning inventory |Units produced Units sold Units in ending inventory Variable costs per Unit: Direct Material |Direct Labor Variable manufacturing overhead Variable selling and administrative overhead Fixed Costs: Fixed manufacturing overhead Fixed selling and administartive 2,120 1,550 570 92 35 13 7 29,680 29,450 Calculate the total period cost for the month under variable costing method a. Total period cost under the variable costing is $62,580 b. Total period cost under the variable costing is $69,980 c. Total period cost under the variable costing is $83,900 d. Total period cost under the variable costing is $50,350

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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