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:

Disconfirms

To provide evidence or information that counters, disproves, or contradicts a belief, hypothesis, or proposition.

Proves Theories

The process of validating hypotheses and theories through rigorous testing and evidence gathering in scientific research.

Hypothesis

A suggested theory formulated from minimal evidence, intended to initiate more detailed exploration.

Replication

A repetition of an experiment that yields the same results.