Iancu Company, Which Has Only One Product, Has Provided the Following

question 55

Multiple Choice

Iancu Company, which has only one product, has provided the following data concerning its most recent month of operations:
$\begin{array} { | l | r | } \hline \text { Selling price } & \$ 149 \\\hline \text { Units in beginning inventory } & 0 \\\hline \text { Units produced } & 4,200 \\\hline \text { Units sold } & 3,900 \\\hline \text { Units in ending inventory } & 300 \\\hline \text { Variable costs per unit: } & \\\hline \text { Direct materials } & \$ 27 \\\hline \text { Direct labour } & \$ 46 \\\hline \text { Variable manufacturing overhead } & \$ 5 \\\hline \text { Variable selling and administrative } & \$ 9 \\\hline \text { Fixed costs: } & \\\hline \text { Fixed manufacturing overhead } & \$ 155,400 \\\hline \text { Fixed selling and administrative } &\$ 70,200 \\ \hline\end{array}$


-What was the unit product cost for the month under variable costing?

• A) $78.
• B) $87.
• C) $115.
• D) $124.

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Definitions:

Logical Order

The sequential arrangement of ideas, facts, or events based on their logical relationships to one another, enhancing comprehension and coherence in written or spoken discourse.

Apocrine Sweat Glands

A type of sweat gland mainly found in underarm and genital areas, responsible for secreting a thicker sweat that, when broken down by bacteria, produces body odor.

Sebaceous Glands

Small oil-producing glands located in the skin of mammals that secrete sebum into hair follicles to lubricate the skin and hair.

Fatty Tissue

Connective tissue in the body that stores fat, provides cushioning, and insulates the body.