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If 11,700 units are sold, the variable cost per unit sold is closest to: Multiple Choice $20.35 $13.10 $16.70 $14.85 < Prev 9 of 31 A corporation's relevant range of activity is 8,400 units to 17,000 units. When it produces and sells 12,700 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 7.10 Direct labor $ 4.00 Variable manufacturing overhead $ 2.00 Fixed manufacturing overhead $ 3.60 Fixed selling expense $ 1.30 Fixed administrative expense $ 0.60 Sales commissions Variable administrative expense If 11,700 units are sold, the variable cost per unit sold is closest to: $ 1.25 $ 0.50

If 11,700 units are sold, the variable cost per unit sold is closest to: Multiple Choice $20.35 $13.10 $16.70 $14.85 < Prev 9 of 31 A corporation's relevant range of activity is 8,400 units to 17,000 units. When it produces and sells 12,700 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 7.10 Direct labor $ 4.00 Variable manufacturing overhead $ 2.00 Fixed manufacturing overhead $ 3.60 Fixed selling expense $ 1.30 Fixed administrative expense $ 0.60 Sales commissions Variable administrative expense If 11,700 units are sold, the variable cost per unit sold is closest to: $ 1.25 $ 0.50

FINANCIAL ACCOUNTING
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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If 11,700 units are sold, the variable cost per unit sold is closest to: Multiple Choice $20.35 $13.10 $16.70 $14.85 < Prev 9 of 31
Transcribed Image Text:If 11,700 units are sold, the variable cost per unit sold is closest to: Multiple Choice $20.35 $13.10 $16.70 $14.85 < Prev 9 of 31
A corporation's relevant range of activity is 8,400 units to 17,000 units. When it produces and sells 12,700 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 7.10 Direct labor $ 4.00 Variable manufacturing overhead $ 2.00 Fixed manufacturing overhead $ 3.60 Fixed selling expense $ 1.30 Fixed administrative expense $ 0.60 Sales commissions Variable administrative expense If 11,700 units are sold, the variable cost per unit sold is closest to: $ 1.25 $ 0.50
Transcribed Image Text:A corporation's relevant range of activity is 8,400 units to 17,000 units. When it produces and sells 12,700 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 7.10 Direct labor $ 4.00 Variable manufacturing overhead $ 2.00 Fixed manufacturing overhead $ 3.60 Fixed selling expense $ 1.30 Fixed administrative expense $ 0.60 Sales commissions Variable administrative expense If 11,700 units are sold, the variable cost per unit sold is closest to: $ 1.25 $ 0.50
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