Swift Co. produces footballs. It incurred the following costs this y.pdf

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).

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)

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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)