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List the product costs using absorption and variable costing

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Reference no: EM131678839

Question - Ruth Company incurred the following costs in July:

Units produced 1,000 units

Direct materials $ 30 per unit

Direct labor $25 per unit

Variable manufacturing overhead $10 per unit

Fixed manufacturing overhead $7,000 per month

Variable selling and administrative costs $8 per unit

Fixed selling and administrative costs $2,000 per month

List the product costs using absorption costing and variable costing.

Reference no: EM131678839

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