4) Variable costing unit product cost :
Direct material | 91 |
Direct labour | 13 |
Variable manufacturing overhead | 7 |
Unit product cost | 111 |
so answer is a) $111 per unit
5) Absorption costing unit product cost :
Direct material | 40 |
Direct labour | 77 |
Variable manufacturing overhead | 8 |
Fixed manufacturing overhead (464000/8000) | 58 |
Unit product cost | 183 |
so answer is d) $183 per unit
4. Sharron Ince., which produces a single product, has provided the following data for 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...
Olds Inc., which produces a single product, has provided the following data for its most recent month of operations: 5,900 $66 $60 Number of units produced 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 $7 $15 $200,600 $454,300 There were no beginning or ending inventories. The absorption costing unit product cost was O $126 per unit $167 per unit $133 per unit...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: 4,350 4,250 100 $ 48 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 50 $ $ 13 11 $91,350 $42,500 What is the variable costing unit product cost for 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 2,900 Units sold 2,600 Units in ending inventory 300 Variable costs per unit: Direct materials $ 49 Direct labor $ 58 Variable manufacturing overhead $ 6 Variable selling and administrative expense $ 11 Fixed costs: Fixed manufacturing overhead $ 55,100 Fixed selling and administrative expense $ 18,200 What is the absorption costing unit...
48 Murphy Inc., which produces a single product, has provided the following data for its most recent month of operation: Number of units produced 8,500 Variable costs per unit: Direct materials $ 146 Direct labor $ 72 Variable manufacturing overhead $ 11 Variable selling and administrative expenses $ 13 Fixed costs: Fixed manufacturing overhead $ 408,000 Fixed selling and administrative expenses $ 153,000 The company had no beginning or ending inventories. Required: a. Compute the unit product cost under absorption...
Murphy Inc., which produces a single product, has provided the following data for its most recent month of operation: Number of units produced 7,000 Variable costs per unit: Direct materials $ 86 Direct labor $ 71 Variable manufacturing overhead $ 2 Variable selling and administrative expenses $ 7 Fixed costs: Fixed manufacturing overhead $ 378,000 Fixed selling and administrative expenses $ 98,000 The company had no beginning or ending inventories. Required: a. Compute the unit product cost under absorption costing....
Murphy Inc., which produces a single product, has provided the following data for its most recent month of operation: Number of units produced 7,000 Variable costs per unit: Direct materials $ 37 Direct labor $ 43 Variable manufacturing overhead $ 5 Variable selling and administrative expenses $ 1 Fixed costs: Fixed manufacturing overhead $ 84,000 Fixed selling and administrative expenses $ 119,000 The company had no beginning or ending inventories. Required: a. Compute the unit product cost under absorption costing....
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...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: $ 110 2,400 2,100 300 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 A $ $ 41 15 A A $ A $64,800 $ 8,400 The total gross...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $ 131 Units in beginning inventory 0 Units produced 3,320 Units sold 2,890 Units in ending inventory 430 Variable costs per unit: Direct materials $ 45 Direct labor $ 15 Variable manufacturing overhead $ 7 Variable selling and administrative expense $ 19 Fixed costs: Fixed manufacturing overhead $ 92,960 Fixed selling and administrative expense $ 28,900 The total...