Swift Co. produces footballs. It incurred the following costs this year:
What are the total product costs for the company under variable costing?Direct
materials$35,000Direct labor31,000Fixed manufacturing overhead22,000Variable
manufacturing overhead38,000Fixed selling and administrative expenses23,000Variable selling
and administrative expenses14,000
Solution
The total product cost under variable costing is $104,000 ( Direct materials $ 35,000 + Direct
Labor $ 31,000 + Variable Manufacturing Overhead $ 38,000).
On National Teacher Day, meet the 2024-25 Kenan Fellows
Swift Co. produces footballs. It incurred the following costs this y.pdf
1. Swift Co. produces footballs. It incurred the following costs this year:
What are the total product costs for the company under variable costing?Direct
materials$35,000Direct labor31,000Fixed manufacturing overhead22,000Variable
manufacturing overhead38,000Fixed selling and administrative expenses23,000Variable selling
and administrative expenses14,000
Solution
The total product cost under variable costing is $104,000 ( Direct materials $ 35,000 + Direct
Labor $ 31,000 + Variable Manufacturing Overhead $ 38,000)
