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Starfish Incorporated, which only has one product, has provided the following data concerning its most recent month of operations. Description Amount Selling Price $110 Units

Starfish Incorporated, which only has one product, has provided the following data concerning its most recent month of operations.

Description Amount
Selling Price $110
Units in beginning inventory 0
Units produced 1,800
Units sold 1,500
Units in ending inventory 300
Variable Costs Per unit
Direct materials $34
Direct labor $22
Variable manufacturing overhead $10
Variable selling and administrative expense $14
Fixed Costs Per month
Fixed manufacturing overhead $37,800
Fixed selling and administrative expense $32,000

Question Select Your Answer
Question 1: What is the unit product cost for the month under absorption costing? Question 1 Answers - Select One$66$87$80$101
Question 2: What is the total gross margin for the month under absorption costing? Question 2 Answers - Select One$34,500$66,000$13,500$45,000
Question 3: What is the total period cost for the month under absorption costing? Question 3 Answers: Select One$53,000$90,800$37,800$69,800

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