The Following Costs Were for Optimal View Inc

question 89

Multiple Choice

The following costs were for Optimal View Inc. ,a contact lens manufacturer:
At an output level of 500 lenses,per unit total cost is projected to be:

• A)$45.85.
• B)$56.67.
• C)$39.45.
• D)$50.40.
• E)$48.56.

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Definitions:

Period Costs

Costs that are expensed in the period in which they are incurred, not directly tied to the production process.

Factory Overhead Incurred

The total costs associated with the operation of a factory that are not directly tied to a specific product, including utilities, maintenance, and management salaries.

Statement of Cost

A financial report that summarizes the costs associated with producing goods or services, including materials, labor, and overhead.

Finished Goods

Finished goods are products that have completed the manufacturing process but have not yet been sold or distributed to end users.