A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
|
Selling Price |
$78 |
|
Units in beginning inventory |
0 |
|
Units produced |
5,300 |
|
Units sold |
4,900 |
|
Units in ending inventory |
400 |
|
Variable costs per unit: |
|
|
Direct materials |
$31 |
|
Direct labor |
$14 |
|
Variable manufacturing overhead |
$2 |
|
Variable selling and administrative |
$5 |
|
Fixed costs: |
|
|
Fixed manufacturing overhead |
$68,900 |
|
Fixed selling and administrative |
$58,800 |
What is the total period cost for the month under the absorption costing approach?
A) $152,200
B) $83,300
C) $68,900
D) $58,800