A company produces a single product. Variable production costs are $12 per unit and variable selling...
A company produces a single product. Variable production costs are $12 per unit and variable selling and administrative costs are $3 per unit. Fixed production costs are $36,000 and fixed selling and administrative costs total $40,000. The beginning inventory was zero, production of 4,000 units, and sales of 3,600 units. How many units remain in the ending inventory and what is the unit and total cost, assuming variable costing.
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A company produces a single product. Variable production costs
are $12 per unit and variable selling...
A company produces a single product. Variable production costs are $12.60 per unit and variable selling...
A company produces a single product. Variable production costs are $12.60 per unit and variable selling and administrative expenses are $3.60 per unit. Fixed manufacturing overhead totals $42,000 and fixed selling and administration expenses total $46,000. Assuming a beginning inventory of zero, production of 4,600 units and sales of 3,900 units, the dollar value of the ending inventory under variable costing would be: Multiple Choice $8,820 $6,300 $15,120 $11,340
A company produces a single product. Variable production costs are $13.50 per unit and variable selling and administrat...
A company produces a single product. Variable production costs are $13.50 per unit and variable selling and administrative expenses are $4.50 per unit. Fixed manufacturing overhead totals $51,000 and fixed selling and administration expenses total $55,000. Assuming a beginning inventory of zero, production of 5,500 units and sales of 4,350 units, the dollar value of the ending inventory under variable costing would be: Murphy Inc., which produces a single product, has provided the following data for its most recent month of...
A manufacturing company that produces a single product has provided the following data concerning its most...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: $ 170 15,400 13,700 1,700 Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $446,600 $ 178, 100 What is the total period cost for the month under variable...
26 Gaved A manufacturing company that produces a single product has provided the following data concerning...
26 Gaved A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials 4,100 4,000 108 Ded 43 Direct labor $ $ $ 45 Variable manufacturing overhead Variable selling and administrative expense Fixed costs Fixed manufacturing overhead Fixed selling and administrative expense 8 6 $86,100 $40,000 What is the veriable costing unit product...
11. A manufacturing company that produces a single product has provided the following data concerning its most recen...
11. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Units in beginning inventory 0 Units produced 4,150 Units sold 4,050 Units in ending inventory 100 Variable costs per unit: Direct materials $ 44 Direct labor $ 46 Variable manufacturing overhead $ 9 Variable selling and administrative $ 7 Fixed costs: Fixed manufacturing overhead $ 87,150 Fixed selling and administrative $ 40,500 What is the variable costing unit product...
QUESTIONS A manufacturing company that produces a single product has provided the following data concerning its...
QUESTIONS A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $89 0 Units in beginning inventory Units produced 4,300 Units sold 4,000 Units in ending inventory 300 Variable costs per unit: Direct materials $13 Direct labor $35 Variable manufacturing overhead $1 Variable selling and administrative $10 Fixed costs: Fixed manufacturing overhead $77.400 Faed selling and administrative $24,000 The total contribution margin for the moth under variable costing...
A manufacturing company that produces a single product has provided the following data concerning its most...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: S114 Selling price Units in beginning inventory 0 Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct Labor Variable manufacturing overhead S3 Variable selling and administrative S4 Fixed costs: fixed manufacturing overhead 98,800 Fixed selling & administrative $57,600 3,800 3,600 200 S38 S22 a. What is the total contribution margin?$ b. What is the...
A manufacturing company that produces a single product has provided the following data concerning its most...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Units in beginning inventory 0 Units produced 4,000 Units sold 3,500 Units in ending inventory 500 Variable cost per unit: Direct materials $41 Direct labor $43 Variable mfg overhead Variable selling and admin $8 $5 Fixed costs: Fixed mfg overhead Fixed selling and admin $92,000 $40,000 What is the total period cost for the month under absorption costing? $40,000 $60,000...
A manufacturing company that produces a single product has provided the following data concerning its most...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Units in beginning inventory 0 Units produced 4,000 Units sold 3,500 Units in ending inventory 500 Variable cost per unit: Direct materials $41 Direct labor $43 Variable mfg overhead $8 Variable selling and admin $5 Fixed costs: Fixed mfg overhead $92,000 Fixed selling and admin $40,000 What is the variable costing unit product cost for the month? $97 per unit...
A manufacturing company that produces a single product has provided the following data concerning its most...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Units in beginning inventory 0 Units produced 4,000 Units sold 3,500 Units in ending inventory 500 Variable cost per unit: Direct materials $41 Direct labor $43 Variable mfg overhead Variable selling and admin $8 $5 Fixed costs: Fixed mfg overhead $92,000 Fixed selling and admin $40,000 What is the absorption costing unit product cost for the month? $115 per unit...
A company produces a single product. Variable production costs are $12.60 per unit and variable selling and administrative expenses are $3.60 per unit. Fixed manufacturing overhead totals $42,000 and fixed selling and administration expenses total $46,000. Assuming a beginning inventory of zero, production of 4,600 units and sales of 3,900 units, the dollar value of the ending inventory under variable costing would be: Multiple Choice $8,820 $6,300 $15,120 $11,340
A company produces a single product. Variable production costs are $13.50 per unit and variable selling and administrative expenses are $4.50 per unit. Fixed manufacturing overhead totals $51,000 and fixed selling and administration expenses total $55,000. Assuming a beginning inventory of zero, production of 5,500 units and sales of 4,350 units, the dollar value of the ending inventory under variable costing would be: Murphy Inc., which produces a single product, has provided the following data for its most recent month of...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: $ 170 15,400 13,700 1,700 Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $446,600 $ 178, 100 What is the total period cost for the month under variable...
26 Gaved A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials 4,100 4,000 108 Ded 43 Direct labor $ $ $ 45 Variable manufacturing overhead Variable selling and administrative expense Fixed costs Fixed manufacturing overhead Fixed selling and administrative expense 8 6 $86,100 $40,000 What is the veriable costing unit product...
QUESTIONS A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $89 0 Units in beginning inventory Units produced 4,300 Units sold 4,000 Units in ending inventory 300 Variable costs per unit: Direct materials $13 Direct labor $35 Variable manufacturing overhead $1 Variable selling and administrative $10 Fixed costs: Fixed manufacturing overhead $77.400 Faed selling and administrative $24,000 The total contribution margin for the moth under variable costing...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: S114 Selling price Units in beginning inventory 0 Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct Labor Variable manufacturing overhead S3 Variable selling and administrative S4 Fixed costs: fixed manufacturing overhead 98,800 Fixed selling & administrative $57,600 3,800 3,600 200 S38 S22 a. What is the total contribution margin?$ b. What is the...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Units in beginning inventory 0 Units produced 4,000 Units sold 3,500 Units in ending inventory 500 Variable cost per unit: Direct materials $41 Direct labor $43 Variable mfg overhead Variable selling and admin $8 $5 Fixed costs: Fixed mfg overhead Fixed selling and admin $92,000 $40,000 What is the total period cost for the month under absorption costing? $40,000 $60,000...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Units in beginning inventory 0 Units produced 4,000 Units sold 3,500 Units in ending inventory 500 Variable cost per unit: Direct materials $41 Direct labor $43 Variable mfg overhead $8 Variable selling and admin $5 Fixed costs: Fixed mfg overhead $92,000 Fixed selling and admin $40,000 What is the variable costing unit product cost for the month? $97 per unit...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Units in beginning inventory 0 Units produced 4,000 Units sold 3,500 Units in ending inventory 500 Variable cost per unit: Direct materials $41 Direct labor $43 Variable mfg overhead Variable selling and admin $8 $5 Fixed costs: Fixed mfg overhead $92,000 Fixed selling and admin $40,000 What is the absorption costing unit product cost for the month? $115 per unit...
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