Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $149 Units in
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
Selling price | $149 |
Units in beginning inventory | 0 |
Units produced | 12,000 |
Units sold | 5,600 |
Units in ending inventory | 6,400 |
Variable costs per unit: | |
Direct materials | $36.50 |
Direct labor | $37.50 |
Variable manufacturing overhead | $7.50 |
Variable selling and administrative | $9.50 |
Fixed costs: | |
Fixed manufacturing overhead | $220,000 |
Fixed selling and administrative | $95,200 |
What is the total period cost for the month under variable costing? |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started