Question
Use the following information for questions # of units produced 6,600 Variable Costs per Unit: Direct Materials $46 Direct Labor $16 Variable Manufacturing Overhead $8
Use the following information for questions
# of units produced | 6,600 |
Variable Costs per Unit: | |
Direct Materials | $46 |
Direct Labor | $16 |
Variable Manufacturing Overhead | $8 |
Variable Selling & Admin. Expense | $4 |
Fixed Costs per year: | |
Fixed Manufacturing Overhead | $234,300 |
Fixed Selling & Admin | $161,700 |
The Absorption Costing Unit Product Cost is:
Group of answer choices
$100.20
$105.50
$74
$70
The Variable Costing Unit Product Cost is:
Group of answer choices
$70
$74
$105.50
$100.20
If 6,000 units are sold during the period, total period cost under variable costing would be:
Group of answer choices
$188,100
$396,000
$422,400
$420,000
If 6,000 units are sold during the period, total period cost under absorption costing would be:
Group of answer choices
$188,100
$185,700
$234,300
$422,400
If 6,000 units are sold during the period, net income under the absorption costing approach will be:
Group of answer choices
$15,750 lower than net income under the variable costing approach
$15,750 higher than net income under the variable costing approach
$21,300 higher than net income under the variable costing approach
$21,300 lower than net income under the variable costing approach
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