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A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (19,900 units): Direct materials $185,000 231,800 256,900 91,500 Direct labor Variable factory overhead Fixed factory overhead Operating expenses: Variable operating expenses $122,100 Fixed operating expenses 45,800 167,900 If 1,700 units remain unsold at the end of the month, the amount of inventory that would be reported on the absorption costing balance sheet is Oa. $65,382 Ob. $67,983 Oc. $79,712 Od. $57,552 $765,200

A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (19,900 units): Direct materials $185,000 231,800 256,900 91,500 Direct labor Variable factory overhead Fixed factory overhead Operating expenses: Variable operating expenses $122,100 Fixed operating expenses 45,800 167,900 If 1,700 units remain unsold at the end of the month, the amount of inventory that would be reported on the absorption costing balance sheet is Oa. $65,382 Ob. $67,983 Oc. $79,712 Od. $57,552 $765,200

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (19,900 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead Operating expenses: Variable operating expenses $122,100 Fixed operating expenses 45,800 167,900 If 1,700 units remain unsold at the end of the month, the amount of inventory that would be reported on the absorption costing balance sheet is Oa. $65,382 Ob. $67,983 Oc. $79,712 Od. $57,552 $185,000 231,800 256,900 91,500 $765,200
Transcribed Image Text:A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (19,900 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead Operating expenses: Variable operating expenses $122,100 Fixed operating expenses 45,800 167,900 If 1,700 units remain unsold at the end of the month, the amount of inventory that would be reported on the absorption costing balance sheet is Oa. $65,382 Ob. $67,983 Oc. $79,712 Od. $57,552 $185,000 231,800 256,900 91,500 $765,200
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