Reference: 08-15
Jimbob Co There Were No Beginning Inventories

question 53

Multiple Choice

Reference: 08-15
Jimbob Co.'s records include the following information for the month of January: $$\begin{array} { | l | l | l | } \hline \text { Units manufactured } & & 5,000 \\\hline \text { Units sold } && 4,000 \\\hline \text { Selling price per unit } & &\$ 50 \\\hline \text { Variable manufacturing costs per unit: } & \\\hline \text { Direct materials } & & \$ 5 \\\hline \text { Direct labour } && \$ 2 \\\hline \text { Manufacturing overhead } & &\$ 1 \\\hline \begin{array} { l } \text { Variable selling and administrative expenses per } \\\text { unit sold }\end{array} && \$ 1 \\\hline \text { Total fixed costs: } & & \\\hline \text { Manufacturing overhead } && \$ 10,000 \\\hline \text { Selling and administrative expenses } && \$ 20,000 \\\hline\end{array}$$ There were no beginning inventories.
-Using absorption costing, what is the cost per unit manufactured in January

• A)$11.00.
• B)$10.00.
• C)$9.00.
• D)$12.00.

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Definitions:

Live Events

Activities or performances that are viewed or participated in by an audience in real-time, rather than recorded or streamed.

Local Markets

refers to smaller, geographically focused markets often serving the immediate needs of a community or region.

Long Lead Time

The extended period that elapses from the initiation of a process, like ordering a product, until its completion or delivery.

Perishable Message

A message or communication that loses its relevance or value over time, particularly in fast-paced environments.