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

Units in beginning inventory0

Units produced4,900

Units sold4,800

Units in ending inventory100

Variable costs per unit:

Direct materials$59

Direct labor$61

Variable manufacturing overhead$24

Variable selling and administrative expense$22

Fixed costs:Fixed manufacturing overhead$102,900

Fixed selling and administrative expense$48,000

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

2.Net operating income computed under variable costing would exceed net operating income computed using absorption costing if:

Multiple Choice

• the average fixed cost per unit is zero.
• units sold exceed units produced.
• units sold equal units produced.
• units sold are less than units produced.

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

Selling price$133

Units in beginning inventory0

Units produced7,000

Units sold6,800

Units in ending inventory200

Variable costs per unit:

Direct materials$41

Direct labor$57

Variable manufacturing overhead$5

Variable selling and administrative expense$4

Fixed costs:Fixed manufacturing overhead$133,000

Fixed selling and administrative expense$34,000

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

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

Selling price$131

Units in beginning inventory0

Units produced2,940

Units sold2,740

Units in ending inventory200

Variable costs per unit:Direct materials$44

Direct labor$19

Variable manufacturing overhead$13

Variable selling and administrative expense$12

Fixed costs:Fixed manufacturing overhead$85,260

Fixed selling and administrative expense$16,440

1. The total gross margin for the month under absorption costing is?