(Answered) Question inventory valuation under variable costing daltin

Accounting

Question: Inventory Valuation under Variable Costing Daltin Company produced 50,000 units during its first year of operations and sold 48,900 at $12 per unit. The company chose practical activity-at 50,000 units-to compute its predetermined overhead rate. Manufacturing costs are as follows:

Direct materials $118,500

Direct labor 93,000

Variable overhead 65,000

Fixed overhead 51,000

Required: 1. Calculate the cost of one unit of product under variable costing.

2. Calculate the cost of ending inventory under variable costing.

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