Question: Chapter 7 Variable Costing and Segment Reporting 1.Wynne Corp., which has only one product and no units in beginning inventory, has provided the following information

 Chapter 7 Variable Costing and Segment Reporting 1.Wynne Corp., which has

Chapter 7 Variable Costing and Segment Reporting 1.Wynne Corp., which has only one product and no units in beginning inventory, has provided the following information concerning its most recent month of operations. Unit Selling Price $92. Units Produced 8,700 Units sold 8,300 Units in ending Inventory 400 Variable Cost Per Unit Fixed Costs Direct Materials $14. Fixed Manufacturing Overhead $130,500 Direct Labor $55. Fixed Selling and Administrative $8,300 Variable Manufacturing Overhead $1. Variable Selling and Administrative $5. A. What is the unit product cost for the month using variable costing? Answer_ points) (10 B. What is the cost of goods sold for the month using variable costing? Answer points) [10 Answer C. What is the unit product cost for the month using absorption costing? points) D. What is the cost of goods sold for the month using absorption costing? Answer points)

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