Solution-What the product costs for the year would be

What the product costs for the year would be

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Reference no: EM132715600

Indiana Company incurred the following costs during the past year when production totaled 20,000 units:

Direct materials used $280,000

Direct labor $120,000

Variable manufacturing overhead $160,000

Fixed manufacturing overhead $100,000

Variable selling and administrative costs $60,000

Fixed selling and administrative costs $90,000

Problem 1: If Indiana uses variable costing method, the product costs for the year would be:

Select one:

a. $560,000.

b. $400,000.

c. $620,000.

d. $460,000.

Reference no: EM132715600

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What the product costs for the year would be

Reference no: EM132715600

Reference no: EM132715600

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