A manufacturing company that produces a single product has provided the following data concerning its most recent
Question:
Selling price ................ $150Units in beginning inventory ............... 0Units produced ............... $5,100Units sold ............... $ 4,800Units in ending inventory ......... 300
Variable costs per unit:
Direct materials .............. $ 41Direct labor ................ 44Variable manufacturing overhead ........ $7Variable selling and administrative ....... $8
Fixed cost:
Fixed manufacturing overhead ........ $188,700Fixed selling and administrative ........ $48,000
What is the total period cost for the month under absorption costing?
A $48,000
B $275,100
C $86,400
D $188,700
What is the total period cost for the month under absorption costing?
Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...
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Related Book For
Managerial Accounting for Managers
ISBN: 978-1259578540
4th edition
Authors: Eric Noreen, Peter Brewer, Ray Garrison
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