Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price 2$ 119 Units in beginning inventory Units produced 6,550 Units sold 6,250 Units in ending inventory 300 Variable costs per unit: Direct materials 2$ 17 Direct labor 2$ 47 $ 11 Variable manufacturing overhead Variable selling and administrative expense 24 11 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $176,850 $ 25,500 What is the unit product cost for the month under variable costing?

Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price 2$ 119 Units in beginning inventory Units produced 6,550 Units sold 6,250 Units in ending inventory 300 Variable costs per unit: Direct materials 2$ 17 Direct labor 2$ 47 $ 11 Variable manufacturing overhead Variable selling and administrative expense 24 11 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $176,850 $ 25,500 What is the unit product cost for the month under variable costing?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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