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jekas [21]
3 years ago
10

A manufacturing company that produces a single product has provided the following data concerning its most recent month of opera

tions: Selling price $ 163 Units in beginning inventory 100 Units produced 10,300 Units sold 9,900 Units in ending inventory 500 Variable costs per unit: Direct materials $ 48 Direct labor $ 45 Variable manufacturing overhead $ 15 Variable selling and administrative expense $ 10 Fixed costs: Fixed manufacturing overhead $ 298,700 Fixed selling and administrative expense $ 128,700 What is the total period cost for the month under variable costing
Business
1 answer:
Verdich [7]3 years ago
5 0

Answer:

Total Period cost for the month= $427,400.00

Explanation:

Under variable costing,    

Period costs are fixed costs

Fixed Manufacturing Overhead= $298,700.00

Fixed selling & Admin costs= $128,700.00

Total Period cost for the month= $427,400.00  

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Date             Account tides           Debit (S in ruble)      Credit (S in ruble)

                 and Explanation

Oct 1        Accounts receivable             96,600

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          ( 210,000 ruble x $0.46)                                       96,600

Dec 31     Accounts receivable

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             2,100 x 0.9901= $2079.21                                2079.21

Jan31        Accounts receivable (LC U)       4,200

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            (50.51-50.49) x 210,000 ruble                               4200

                     Foreign currency                 107,100

                 Accounts receivable

           (596.600-56,300-54,200)                                   107,100

                          Cash                              107,100

               Foreign cuuency (LCU)

                ($0.51 x210.000 ruble)                                      107,100  

6 0
3 years ago
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