hadley corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 170 units in beginning inventory 100 units produced 2,130 units sold 870 units in ending inventory 1,360 variable costs per unit: direct materials $ 75 direct labor $ 30 variable manufacturing overhead $ 10 variable selling and administrative expense $ 13 fixed costs: fixed manufacturing overhead $ 27,690 fixed selling and administrative expense $ 17,400 what is the total period cost for the month under variable costing?

Variable costing is a methodology that only assigns variable costs to inventory. This approach means that all overhead costs are charged to expense in the period incurred, while direct materials and variable overhead costs are assigned to inventory.

Product cost under variable costing= Direct material + Direct labor + Variables overheads

Product cost under variable costing= Fixed manufacturing overheads +All non- manufacturing overheads(fixed + variable)

variable selling and administrative expense =$13 × 870

=$11,310

fixed manufacturing overheads

$ 27,690

fixed selling and administrative expense

$ 17,400

The total period cost for the month=$ 27,690+$11,310+$ 17,400

=$56,400

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