Question

Lagle Corporation has provided the following information:

Answer 1

Answer:

Lagle Corporation

For financial reporting purposes, the total amount of period costs incurred to sell 5,500 units is closest to:____________

d) $15,100

Explanation:

a) Data and Calculations:

                                                   Cost per Unit       Cost per Period

Manufacturing costs:

Direct materials                               $ 4.60

Direct labor                                      $ 3.40

Variable manufacturing overhead  $ 1.30

Fixed manufacturing overhead                                  $ 13,200

Selling and Administrative Expenses:

Sales commissions                         $ 1.40                    $7,700

Variable administrative expense  $ 0.40                      2,200

Fixed selling and administrative expense                 $ 5,200

Total period costs (financial reporting) =                    $15,100