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

See similar textbooks

Similar questions

don't give answer in image format
Variable Costing Income Statement On April 30, the end of the first month of operations, Joplin Company prepared the following income statement, based on the absorption costing concept: Joplin CompanyAbsorption Costing Income StatementFor the Month Ended April 30 Sales (6,600 units) $178,200 Cost of goods sold: Cost of goods manufactured (7,700 units) $146,300 Inventory, April 30 (1,100 units) (20,900) Total cost of goods sold (125,400) Gross profit $52,800 Selling and administrative expenses (32,280) Operating income $20,520 If the fixed manufacturing costs were $39,501 and the fixed selling and administrative expenses were $15,810, prepare an income statement according to the variable costing concept. Round all final answers to whole dollars. Joplin CompanyVariable Costing Income StatementFor the Month Ended April 30 $Sales Variable cost of goods sold: $Variable cost of goods manufactured…
I need help with question is correct answer
Provide correct solution
Assume absorption costing net income is $42000, beginning inventory consists of O units and ending inventory consists of 840 units, the variable overhead rate is $10 per unit, and the fixed overhead rate is $15 per unit. Determine the net income under variable costing. $63000 $54600 $29400 $21000
Please do not give solution in image format thanku
3
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)
Please do not give solution in image format thanku
Please show work. Thanks!