Ranger Productions experienced the following costs in 2014:

 

Direct materials                                      $1.50 per unit

Direct labor                                            $2.60 per unit

Variable manufacturing overhead          $1.20 per unit

Variable selling costs                             $4.40 per unit

Fixed manufacturing overhead                       $84,000

Fixed selling costs                                           $32,000

Fixed administrative costs                               $15,000

 

During 2014, the company manufactured 65,000 units and sold 62,000 units. The unit cost is the same throughout the year. Beginning inventory is zero. How much will the company report as total variable product costs on its 2014 contribution income statement?

    

 

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Status NEW Posted 20 Dec 2017 03:12 PM My Price 10.00

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