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Sprinkle Co. sells its product for $60 per unit. During 2019, it produced 60,000 units and sold 50,000 units (there was no beginning inventory) . Costs per unit are: direct materials $15, direct labor $9, and variable overhead $3. Fixed costs are: $720,000 manufacturing overhead, and $90,000 selling and administrative expenses.
-The per unit manufacturing cost under variable costing is
Variability
A measure of how spread out or dispersed the scores in a dataset are.
Bell Shaped Histograms
Histograms showing the frequency distribution of data that forms a symmetrical, bell-shaped curve, indicating a normal distribution.
Histograms
Graphical representations of the distribution of numerical data, showing the frequency of data within certain ranges.
Empirical Rule
A statistical norm that asserts for a normally distributed set of data, almost all of the data points are encompassed within three standard deviations from the mean value.
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