FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Hatfield Corporation, which has only one product,
has provided the following data concerning its most
recent month of operations:
Selling price
$154
Units in beginning inventory 0
Units produced
2,080
Units sold
1,260
Units in ending inventory
820
Direct materials
Variable costs per unit:
Direct labor
$56
$35
Variable manufacturing overhead $8
Variable selling and administrative $10
Fixed costs:
Fixed manufacturing overhead $22,880
Fixed selling and administrative $34,020
Required:
What is the total period cost for the month under
variable costing?
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Transcribed Image Text:Hatfield Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $154 Units in beginning inventory 0 Units produced 2,080 Units sold 1,260 Units in ending inventory 820 Direct materials Variable costs per unit: Direct labor $56 $35 Variable manufacturing overhead $8 Variable selling and administrative $10 Fixed costs: Fixed manufacturing overhead $22,880 Fixed selling and administrative $34,020 Required: What is the total period cost for the month under variable costing?
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