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A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: |
| Selling price | $174 |
| Units in beginning inventory | 50 |
| Units produced | 7,000 |
| Units sold | 6,000 |
| Units in ending inventory | 1,050 |
| Variable cost per unit: | |
| Direct materials | $55 |
| Direct labor | $52 |
| Variable manufacturing overhead | $7 |
| Variable selling and administrative | $5 |
| Fixed costs: | |
| Fixed manufacturing overhead | $238,000 |
| Fixed selling and administrative expenses | $108,000 |
|
What is the total period cost for the month under variable costing? |
| $138,000 | |
| $376,000 | |
| $238,000 | |
| $346,000 |