In: Accounting
Winter Corporation, which only has one product, has provided the following data concerning its most recent month of operations.
Description | Amount |
Selling Price | $140 |
Units in beginning inventory | 0 |
Units produced | 1,800 |
Units sold | 1,600 |
Units in ending inventory | 200 |
Variable Costs | Per unit |
Direct materials | $40 |
Direct labor | $32 |
Variable manufacturing overhead | $10 |
Variable selling and administrative expense | $18 |
Fixed Costs | Per month |
Fixed manufacturing overhead |
$45000 |
Fixed selling and administrative expense | $32,000 |
Question | Select Your Answer |
Question 1: What is the unit product cost for the month under variable costing? | Question 1 Answers - Select One$100$82$125$107 |
Question 2: What is the total contribution margin for the month under variable costing? | Question 2 Answers: Select One$92.800$64,000$104,400$52,800 |
Question 3: What is the total period cost for the month under variable costing? | Question 3 Answers: Select One$77,000$60,800$109,400$105,800 |