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Question 16 (3 points) Locktite Corporation produces a single product and has provided the following data concerning its most recent month of operations: Selling price

Question 16 (3 points)

Locktite Corporation produces a single product and has provided the following data concerning its most recent month of operations:

Selling price

$

121

Units in beginning inventory

0

Units produced

6,000

Units sold

5,600

Units in ending inventory

400

Variable costs per unit:

Direct materials

$

38

Direct labor

$

53

Variable manufacturing overhead

$

3

Variable selling and administrative expense

$

12

Fixed costs:

Fixed manufacturing overhead

$

70,000

Fixed selling and administrative expense

$

30,000

What is Locktite's total period cost for the month under variable costing?

Question 16 options:

$172,000

$167,200

$97,200

$30,000

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