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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 $157 Units in
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: |
Selling price | $157 |
Units in beginning inventory | 200 |
Units produced | 7,900 |
Units sold | 7,500 |
Units in ending inventory | 600 |
Variable cost per unit: | |
Direct materials | $47 |
Direct labor | $45 |
Variable manufacturing overhead | $7 |
Variable selling and administrative | $5 |
Fixed costs: | |
Fixed manufacturing overhead | $260,700 |
Fixed selling and administrative | $120,000 |
What is the total period cost for the month under variable costing?
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