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