Cullumber Company sells its product for $25 per unit. During 2022, it produced 24000 units and...

 

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Cullumber Company sells its product for $25 per unit. During 2022, it produced 24000 units and sold 15000 units (there was beginning inventory). Costs per unit are: direct materials $5, direct labour $4, and variable overhead $3. Fixed costs are: $288 manufacturing overhead, and $48000 selling and administrative expenses. Ending inventory under variable costing is Cullumber Company sells its product for $25 per unit. During 2022, it produced 24000 units and sold 15000 units (there was beginning inventory). Costs per unit are: direct materials $5, direct labour $4, and variable overhead $3. Fixed costs are: $288 manufacturing overhead, and $48000 selling and administrative expenses. Ending inventory under variable costing is

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Under variable costing only variable manufacturing costs direct materials direct labor and variable ... View the full answer