The following cost information is for a sales volume of 6,30…
The following cost information is for a sales volume of 6,300 units: Direct materials per unit $8 Total direct labor $54,000 Fixed manufacturing overhead $30,000 Variable manufacturing overhead 120% of direct labor Fixed selling and administrative costs $50,000 Variable selling and administrative costs $5 per unit Calculate cost of goods sold using variable costing.
Read DetailsA cost hierarchy is used by businesses and is divided into f…
A cost hierarchy is used by businesses and is divided into four layers. Each layer has various costs assigned to it and is given a rationale for its use. Which of the following best represents the rationale for product/process-level costs?
Read DetailsA company has the following cost information: Units prod…
A company has the following cost information: Units produced and sold 10,000 Direct materials $75,000 Direct labor hours per unit 1.0 Direct labor rate $10 per hour Variable manufacturing overhead 40% of direct labor Fixed manufacturing overhead $25,000 Variable selling and administrative expenses $6 per unit Fixed and selling administrative expenses $20,000 Calculate total period costs using variable costing.
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