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A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $ 181 Units
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
Selling price | $ 181 |
---|---|
Units in beginning inventory | 0 |
Units produced | 13,100 |
Units sold | 12,500 |
Units in ending inventory | 600 |
Variable costs per unit: | |
Direct materials | $ 56 |
Direct labor | $ 48 |
Variable manufacturing overhead | $ 12 |
Variable selling and administrative expense | $ 10 |
Fixed costs: | |
Fixed manufacturing overhead | $471,600 |
Fixed selling and administrative expense | $187,500 |
What is the total period cost for the month under variable costing?
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