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Question - A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
Selling price $160
Units in beginning inventory 100
Units produced 16,000
Units sold 15,800
Units in ending inventory 300
Variable costs per unit:
Direct materials $51
Direct labor $46
Variable manufacturing overhead $8
Variable selling and administrative expense $5
Fixed costs:
Fixed manufacturing overhead $560,000
Fixed selling and administrative expense $173,800
Required - What is the total period cost for the month under variable costing?
The company collected $1,625 cash as partial payment for the account receivable created in transaction
what is the amount of inventory that would be reported on the variable costing balance sheet
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