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: $ 170 15,400 13,700 1,700

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: $ 170 15,400 13,700 1,700 Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $446,600 $ 178, 100 What is the total period cost for the month under variable costing? Multiple Choice $446,600 $260,300 Kray Inc., which produces a single product, has provided the following data for its most recent month of operations: 3,300 37 23 Number of units produced Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $237,600 $234,300 There were no beginning or ending inventories. The variable costing unit product cost was: Multiple Choice o $141 per unit O $69 per unit Beamish Inc., which produces a single product, has provided the following data for its most recent month of operations: 5,400 88 Number of units produced Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense anti 79 13 $210,600 $388, 800 There were no beginning or ending inventories. The absorption costing unit product cost was: Multiple Choice O $167 per unit O $213 per unit 174 per unit A company produces a single product Variable production costs are $12.50 per unit and variable selling and administrative expenses are $3.50 per unit. Fixed manufacturing overhead totals $41,000 and fixed selling and administration expenses total $45,000. Assuming a beginning inventory of zero production of 4,500 units and sales of 3,850 units, the dollar value of the ending inventory under variable costing would be: Multiple Choice O $8,125 O $18.975 O $10.400 0 $5,850

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

Recommended Textbook for

Horngrens Cost Accounting A Managerial Emphasis

Authors: Srikant Datar, Madhav Rajan

16th Global Edition

1292211547, 9781292211541

More Books

Students also viewed these Accounting questions

Question

List the four steps in the model for giving praise.

Answered: 1 week ago

Question

List the criteria for setting objectives.

Answered: 1 week ago

Question

Describe four content motivation theories.

Answered: 1 week ago