Ruth Company incurred the following costs in July:

Calculate the total product cost using absorption costing and variable costing.

Transcribed Image Text:

Units produced Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative 1,000 units $ 30 per unit $25 per unit $10 per unit $7,000 per month costs $8 per unit Fixed selling and administrative costs $2,000 per month Units produced Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative 1,000 units $ 30 per unit $25 per unit $10 per unit $7,000 per month costs $8 per unit Fixed selling and administrative costs $2,000 per month

Answer rating: 100% (QA)

Absorption Costing Variable Costing Dir... View the full answer