Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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 4,750
Units sold 4,650
Units in ending inventory 100

Variable costs per unit:

Direct materials $ 56
Direct labor $ 58
Variable manufacturing overhead $ 21
Variable selling and administrative $ 19

Fixed costs:

Fixed manufacturing overhead $ 99,750
Fixed selling and administrative $ 46,500

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

$154 per unit

$175 per unit

$135 per unit

$141 per unit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions