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eBook Question Content Area Variable Costing, Value of Ending Inventory, Operating Income Pattison Products, Inc., began operations in October and manufactured 4 4 , 0
eBook Question Content Area Variable Costing, Value of Ending Inventory, Operating Income Pattison Products, Inc., began operations in October and manufactured units during the month with the following unit costs: Direct materials $ Direct labor Variable overhead Fixed overhead Variable marketing cost Fixed overhead per unit $ units produced $ Total fixed factory overhead is $ per month. During October, units were sold at a price of $ and fixed marketing and administrative expenses were $ Required: Question Content Area Calculate the cost of each unit using variable costing. Round your final answer to the nearest cent. $fill in the blank fdfd per unit How many units remain in ending inventory? fill in the blank fdfd units What is the cost of ending inventory using variable costing? $fill in the blank fdfd Feedback Area Feedback Variable costing assigns only unitlevel variable manufacturing costs to the cost of the product. How does the beginning inventory balance factor into the calculation of ending inventory? What about units produced versus units sold? What role do those amounts play? How does the cost per unit factor into the calculation of the cost of ending inventory? Question Content Area Prepare a variablecosting income statement for Pattison Products, Inc., for the month of October. Pattison Products, Inc. VariableCosting Income Statement For the Month of October $ Select Less: Select Select Contribution margin $fill in the blank abff Less: Select Select Operating income $fill in the blank abff
eBook
Question Content Area
Variable Costing, Value of Ending Inventory, Operating Income
Pattison Products, Inc., began operations in October and manufactured units during the month with the following unit costs:
Direct materials $
Direct labor
Variable overhead
Fixed overhead
Variable marketing cost
Fixed overhead per unit $ units produced $
Total fixed factory overhead is $ per month. During October, units were sold at a price of $ and fixed marketing and administrative expenses were $
Required:
Question Content Area
Calculate the cost of each unit using variable costing. Round your final answer to the nearest cent.
$fill in the blank fdfd
per unit
How many units remain in ending inventory?
fill in the blank fdfd
units
What is the cost of ending inventory using variable costing?
$fill in the blank fdfd
Feedback Area
Feedback
Variable costing assigns only unitlevel variable manufacturing costs to the cost of the product.
How does the beginning inventory balance factor into the calculation of ending inventory? What about units produced versus units sold? What role do those amounts play?
How does the cost per unit factor into the calculation of the cost of ending inventory?
Question Content Area
Prepare a variablecosting income statement for Pattison Products, Inc., for the month of October.
Pattison Products, Inc.
VariableCosting Income Statement
For the Month of October
$ Select
Less:
Select
Select
Contribution margin $fill in the blank abff
Less:
Select
Select
Operating income $fill in the blank abff
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