Figure 7-2
Steele Ltd. has the following information for January, February, and March 2011: Production costs per unit (based on 10,000 units) are as follows: There were no beginning inventories for January 2011, and all units were sold for £50. Costs are stable over the three months.
-Toshi Company incurred the following costs in manufacturing desk calculators: During the period, the company produced and sold 1,000 units. What is the inventory cost per unit using variable costing?
A) £52
B) £62
C) £42
D) £70

Question

Figure 7-2
Steele Ltd. has the following information for January, February, and March 2011:  Production costs per unit (based on 10,000 units) are as follows:  There were no beginning inventories for January 2011, and all units were sold for £50. Costs are stable over the three months.
-Toshi Company incurred the following costs in manufacturing desk calculators:  During the period, the company produced and sold 1,000 units. What is the inventory cost per unit using variable costing?
A) £52 
B) £62 
C) £42 
D) £70

Quizplus · Accepted Answer

The Answer of Figure 7-2
Steele Ltd. has the following information for January, February, and March 2011:  Production costs per unit (based on 10,000 units) are as follows:  There were no beginning inventories for January 2011, and all units were sold for £50. Costs are stable over the three months.
-Toshi Company incurred the following costs in manufacturing desk calculators:  During the period, the company produced and sold 1,000 units. What is the inventory cost per unit using variable costing?
A) £52 
B) £62 
C) £42 
D) £70

Figure 7-2 Steele Ltd. Has the Following Information for January, February, and February