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Sharron Inc., which produces a single product, has provided the following data for its most recent month of operations:
Number of units produced
3,000
Variable costs per unit:
Direct materials
$91
Direct labor
$13
Variable manufacturing overhead
$7
Variable selling and administrative expense
$6
Fixed costs:
Fixed manufacturing overhead
$237,000
Fixed selling and administrative expense
$165,000
There were no beginning or ending inventories. The variable costing unit product cost was:
$111 per unit$190 per unit$110 per unit$117 per unit
At December 31, 2013, Ingleton Company reports the following results for the year:
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