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Zahra's Decoratives produces and sells a decorative pillow for $104.00 per unit. In the first month of operation, 2000 units were produced and 1750 units were sold. Actual fixed costs are the same as the amount budgeted for the month. Other information for the month includes: Variable manufacturing costs $104.00 per unit Variable marketing costs $5.00 per unit Fixed manufacturing costs $15 per unit Administrative expenses, all fixed $24.00 per Ending inventories: Direct materials WIP Finished goods $67.00 $23.00 What is cost of goods sold per unit using variable costing? $28.00 unit $43.00 -0- 260 units D

Zahra's Decoratives produces and sells a decorative pillow for $104.00 per unit. In the first month of operation, 2000 units were produced and 1750 units were sold. Actual fixed costs are the same as the amount budgeted for the month. Other information for the month includes: Variable manufacturing costs $104.00 per unit Variable marketing costs $5.00 per unit Fixed manufacturing costs $15 per unit Administrative expenses, all fixed $24.00 per Ending inventories: Direct materials WIP Finished goods $67.00 $23.00 What is cost of goods sold per unit using variable costing? $28.00 unit $43.00 -0- 260 units D

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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Zahra's Decoratives produces and sells a decorative pillow for $104.00 per unit. In the first month of operation, 2000 units were produced and 1750 units were sold. Actual fixed costs are the same as the amount budgeted for the month. Other information for the month includes: Variable manufacturing costs $104.00 per unit Variable marketing costs $5.00 per unit Fixed manufacturing costs $15 per unit Administrative expenses, all fixed $24.00 per unit Ending inventories: Direct materials WIP Finished goods What is cost of goods sold per unit using variable costing? $67.00 $23.00 $28.00 $43.00 -0- -0- 260 units D
Transcribed Image Text:Zahra's Decoratives produces and sells a decorative pillow for $104.00 per unit. In the first month of operation, 2000 units were produced and 1750 units were sold. Actual fixed costs are the same as the amount budgeted for the month. Other information for the month includes: Variable manufacturing costs $104.00 per unit Variable marketing costs $5.00 per unit Fixed manufacturing costs $15 per unit Administrative expenses, all fixed $24.00 per unit Ending inventories: Direct materials WIP Finished goods What is cost of goods sold per unit using variable costing? $67.00 $23.00 $28.00 $43.00 -0- -0- 260 units D
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