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Question

a https:/www.mathxl.com/Student/playerTest.aspx?testld-1767990888centerwins USI 1B Spring 2018 O'Dell est: Chapter 21 Test is Question: 2 pts 10 of 14 (9 complete) Beginning Finished Goods Inventory Units produced Units sold Sales price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs 50 units 570 units 620 units $120 per unit $24 per unit $15per unit $19 per unit $15,500 per year $5 per unit $13,500 per year What is the unit product cost using variable costing? (Round your answer to the nearest cent.) O A. $58.00 OB. $113.88 O C. $61.19 O D. $85.19 Click to select your answer

Explanation / Answer

Unit Prodict Cost using Variable Costing

= Direct Materials + Direct Labour + Variable Manufacturing Cost + Variable Selling and admin Cost + Fixed Manufacture + Fixed Selling and admin Cost

= $ 24 + $ 15 + $ 19 + ($ 15,500 / 570 Units) + ($ 13,500 / 570 Units)

=$ 24+ $ 15+ $ 19 + $ 27.19 + $ 23.69

= $ 113.88 Per Unit

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