Beamish Inc., which produces a single product, has provided the following data for its most recent month of operations: Number of units produced Variable costs per unit: 1,100 Direct materials 2$ 24 2$ 24 56 Direct labor 49 Variable manufacturing overhead Variable selling and administrative expense 8. Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $42,900 $81,400 There were no beginning or ending inventories. The absorption costing unit product cost was: Multiple Choice $105 per unit $151 per unit

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter7: Variable Costing For Management analysis
Section: Chapter Questions
Problem 5E: On April 30, the end of the first month of operations, Joplin Company prepared the following income...
icon
Related questions
Question
7-2
Beamish Inc., which produces a single product, has provided the following data for its most recent month of operations:
Number of units produced
Variable costs per unit:
1,100
Direct materials
2$
56
Direct labor
24
$4
24
49
Variable manufacturing overhead
Variable selling and administrative expense
7
8.
Fixed costs:
Fixed manufacturing overhead
Fixed selling and administrative expense
$42,900
$81,400
There were no beginning or ending inventories. The absorption costing unit product cost was:
Multiple Choice
$105 per unit
$151 per unit
Transcribed Image Text:Beamish Inc., which produces a single product, has provided the following data for its most recent month of operations: Number of units produced Variable costs per unit: 1,100 Direct materials 2$ 56 Direct labor 24 $4 24 49 Variable manufacturing overhead Variable selling and administrative expense 7 8. Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $42,900 $81,400 There were no beginning or ending inventories. The absorption costing unit product cost was: Multiple Choice $105 per unit $151 per unit
There were no beginning or ending inventories. The absorption costing unit product cost was:
Multiple Choice
$105 per unit
$151 per unit
$112 per unit
$233 per unit
Transcribed Image Text:There were no beginning or ending inventories. The absorption costing unit product cost was: Multiple Choice $105 per unit $151 per unit $112 per unit $233 per unit
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 1 images

Blurred answer
Knowledge Booster
Market Efficiency
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning