1. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:

Units in beginning inventory	0
Units produced	4,700
Units sold	4,600
Units in ending inventory	100

Variable costs per unit:

Direct materials	$	55
Direct labor	$	57
Variable manufacturing overhead	$	20
Variable selling and administrative	$	18

Fixed costs:

Fixed manufacturing overhead	$	98,700
Fixed selling and administrative	$	46,000

What is the variable costing unit product cost for the month?

$150 per unit

$171 per unit

$132 per unit

$139 per unit

2. Olds Inc., which produces a single product, has provided the following data for its most recent month of operations:

Number of units produced	8,300
Variable costs per unit:
Direct materials	$120
Direct labor	$116
Variable manufacturing overhead	$4
Variable selling and administrative expense	$10
Fixed costs:
Fixed manufacturing overhead	$273,900
Fixed selling and administrative expense	$589,300

There were no beginning or ending inventories. The absorption costing unit product cost was:

$236 per unit

$273 per unit

$240 per unit

$354 per unit

3. A company produces a single product. Variable production costs are $13.5 per unit and variable selling and administrative expenses are $4.5 per unit. Fixed manufacturing overhead totals $51,000 and fixed selling and administration expenses total $55,000. Assuming a beginning inventory of zero, production of 5,500 units and sales of 4,350 units, the dollar value of the ending inventory under variable costing would be:

$15,525

$25,875

$20,700

$10,350

4. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:

Selling price	$160
Units in beginning inventory	100
Units produced	16,000
Units sold	15,800
Units in ending inventory	300
Variable cost per unit:
Direct materials	$51
Direct labor	$46
Variable manufacturing overhead	$8
Variable selling and administrative	$5
Fixed costs:
Fixed manufacturing overhead	$560,000
Fixed selling and administrative	$173,800

What is the total period cost for the month under variable costing?

$560,000

$252,800

$733,800

$812,800

5. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:

Selling price	$137
Units in beginning inventory	0
Units produced	3,300
Units sold	2,820
Units in ending inventory	480
Variable cost per unit:
Direct materials	$49
Direct labor	$16
Variable manufacturing overhead	$7
Variable selling and administrative	$16
Fixed costs:
Fixed manufacturing overhead	$99,000
Fixed selling and administrative expenses	$33,840

The total gross margin for the month under absorption costing is:

$98,700

$19,740

$127,380

$138,180