A manufacturing company that produces a single product has provided the following data concerning its most recent

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A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: 
Selling price ................ $150 Units in beginning inventory ............... 0 Units produced ............... $5,100 Units sold ............... $ 4,800 Units in ending inventory ......... 300
Variable costs per unit:
Direct materials .............. $ 41 Direct labor ................ 44 Variable manufacturing overhead ........ $7 Variable selling and administrative ....... $8
Fixed cost:
Fixed manufacturing overhead ........ $188,700 Fixed 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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Managerial Accounting for Managers

ISBN: 978-1259578540

4th edition

Authors: Eric Noreen, Peter Brewer, Ray Garrison

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