Matt Company had the following costs.
|Direct materials||$ 63||per unit|
|Direct labor||30||per unit|
|Variable manufacturing overhead||11||per unit|
|Fixed manufacturing overhead||7,380||per year|
|Variable selling and administrative costs||21||per unit|
|Fixed selling and administrative costs||1,640||per year|
Calculate the unit product cost using variable costing. Round answer to the nearest cent.
Show the labels and enter the amounts to compute the unit product cost using variable costing.
|Total unit product cost||_______|
Variable cost is the cost associated with manufacturing and varies with the amount produced. For example; labor is a variable cost, it increases as production time increases and decreases as production time decreases.
Answer and Explanation:
|Variable manufacturing Overhead||4510|
|Total variable cost||42640|
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from Financial Accounting: Help and ReviewChapter 13 / Lesson 5