A company produces a single product and has provided the fol…

A company produces a single product and has provided the following data for its most recent month of operations: Number of units produced 7,000 Variable costs per unit:   Direct materials $ 87 Direct labor $ 75 Variable manufacturing overhead $ 5 Variable selling and administrative expense $ 10 Fixed costs:   Fixed manufacturing overhead $273,000 Fixed selling and administrative expense $497,000 There were no beginning or ending inventories. The absorption costing unit product cost was:

A company which produces only one product has provided the f…

A company which produces only one product has provided the following data concerning its most recent month of operations: Selling price $99 Units in beginning inventory 0 Units produced 4,800 Units sold 4,030 Units in ending inventory 770 Variable costs per unit:   Direct materials $ 20 Direct labor $ 40 Variable manufacturing overhead $ 6 Variable selling and administrative expense $ 4 Fixed costs:   Fixed manufacturing overhead $54,900 Fixed selling and administrative expense $ 3,500 The total contribution margin for the month under variable costing is: