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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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