Smidt Corporation has provided the following data for its two most recent years of operation: Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$9Direct labor$5Variable manufacturing overhead$5Fixed manufacturing overhead per year$140,000Selling and administrative expenses: Variable selling and administrative expense per unit sold$5Fixed selling and administrative expense per year$65,000 Year 1Year 2Units in beginning inventory03,000Units produced during the year10,0007,000Units sold during the year7,0006,000Units in ending inventory3,0004,000 The unit product cost under variable costing in Year 1 is closest to:
A. $19.00
B. $24.00
C. $33.00
D. $38.00
Answer: A
You might also like to view...
Opportunity flowcharts identify opportunities for process improvement by separating value-added from non-value-added activities.
Answer the following statement true (T) or false (F)
Using a CRM approach, customers are prioritized and communication customized accordingly
Indicate whether the statement is true or false
Which of the following is not one of the individual attributes related to diversity in the workplace?
A. gender B. emotions C. race D. sexual orientation
Carl, a contractor, has a contract with Ron, a realtor, to construct a new condominium complex. The contract provides that Carl must furnish a certificate of occupancy and conformity with the local fire code before Ron has an obligation to pay. The furnishing of the certificate is an implied-in-fact condition subsequent to the construction of the building
a. True b. False Indicate whether the statement is true or false