Wininger Incorporated Reported the Following Information About the Production and Sale

question 123

Multiple Choice

Wininger Incorporated reported the following information about the production and sale of its only product during the first month of operations:
$$\begin{array} { l l } \text {Selling price per unit }&\$ 300\\\text {Sales }&\$ 480,000\\\text { Direct materials used}&\$ 220,000\\\text {Direct labor }&\$200,000 \\\text {Variable factory overhead}&\$60,000 \\\text {Fixed factory overhead }&\$80,000 \\\text {Variable selling and administrative expenses }&\$20,000 \\\text {Fixed selling and administrative expenses }&\$ 10,000\\\text {Ending inventory, Direct Materials }& 0\\\text {Ending inventory, Work-in-process }& 0\\\text {Ending inventory, Finished Goods }&400 \text { units } \\\end{array}$$
Under variable costing,the product cost per unit is ________.

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Definitions:

Foreign Sovereign Immunities Act

A federal law in the United States that sets limits on the extent to which foreign nations and their related entities can be sued in U.S. courts.

Federal Court Jurisdiction

The authority granted to federal courts to hear and decide cases based on subject matter or parties involved.

Commercial Activity

Business operations or actions undertaken for the purpose of generating profit.

Expropriation

The act of a government taking privately owned property to be used for public purposes, usually with compensation to the owner.