Question
Kenneth manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price 228 Units in
Kenneth manufacturing company that produces a single product has provided the following data concerning its
most recent month of operations:
Selling price 228
Units in beginning inventory 0
Units produced 5,600
Units sold 5,300
Units in ending inventory 300
Variable costs per unit:
Direct materials 36
Direct labor 21
Variable manufacturing overhead 4
Variable selling and administrative 4
Total 65
Fixed costs:
Fixed manufacturing overhead 201,600
Fixed selling and administrative 37,100
Total 238,700
What is the total period cost for the month under absorption costing and variable costing?
What is the unit product cost for the month under absorption costing and variable costing?
What is the NOI for the month under absorption costing and 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