A company produces a single product. Variable production costs are $13.50 per unit and variable selling and administrative expenses are $4.50 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: Multiple Choice $10,350 $15,525 $25,875 Murphy Inc., which produces a single product, has provided the following data for its most recent month of operation Number of units produced Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses Fixed costs: 13,200 169 80 13 Fixed manufacturing overhead Fixed selling and administrative expenses $765,600 $277,200 The company had no beginning or ending inventories Required: a. Compute the unit product cost under absorption costing b. Compute the unit product cost under variable costing Unit Product Cost a. Absorption costing b. Variable costing A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations Units in beginning inventory Units produced 4,900 4,800 100 Units sold Units in ending inventory Variable costs per unit: Direct materials 59 Direct labor 61 2 4 Variable manufacturing overhead Variable selling and administrative expense Fixed costs: $102,900 s 48,000 Fixed manufacturing overhead Fixed selling and administrative expense What is the variable costing unit product cost for the month? A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations Selling price Units in beginning inventory Units produced 133 7,000 Units sold 6,800 Units in ending inventory Variable costs per unit: 200 41 Direct materials 57 Direct labor Variable manufacturing overhead Variable selling and administrative expense 4 Fixed costs: $133,000 Fixed manufacturing overhead Fixed selling and administrative expense $ 34,000 What is the total period cost for the month under absorption costing? A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations Selling price Units in beginning inventory $ 146 Units produced 2,470 Units sold 2,040 Units in ending inventory Variable costs per unit: 430 50 Direct materials 20 Direct labor $ Variable manufacturing overhead Variable selling and administrative expense19 Fixed costs: Fixed manufacturing overhead $69,160 $20,400 Fixed selling and administrative expense The total gross margin for the month under absorption costing is
