Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Gabbert Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $90 Units in beginning
Gabbert Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
Selling price | $90 |
Units in beginning inventory | 0 |
Units produced | 3,600 |
Units sold | 3,400 |
Units in ending inventory | 200 |
Variable costs per unit: | |
Direct materials | $23 |
Direct labor | $11 |
Variable manufacturing overhead | $2 |
Variable selling and administrative | $8 |
Fixed costs: | |
Fixed manufacturing overhead | $93,600 |
Fixed selling and administrative | $61,200 |
What is the total period cost for the month under the absorption costing?
$88,400
$182,000
$61,200
$93,600
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