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A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (18,200 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead $179,100 225,600 262,200 96,800 $763,700 Operating expenses: Variable operating expenses Fixed operating expenses 48,300 172,000 If 1,500 units remain unsold at the end of the month, the amount of inventory that would be reported on the variable cost Oa. $65,159 Ob. $54,975 Oc. $62,942 Od. $77,118 $123,700

A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (18,200 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead $179,100 225,600 262,200 96,800 $763,700 Operating expenses: Variable operating expenses Fixed operating expenses 48,300 172,000 If 1,500 units remain unsold at the end of the month, the amount of inventory that would be reported on the variable cost Oa. $65,159 Ob. $54,975 Oc. $62,942 Od. $77,118 $123,700

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 (18,200 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead $179,100 225,600 262,200 96,800 $763,700 Operating expenses: Variable operating expenses Fixed operating expenses If 1,500 units remain unsold at the end of the month, the amount of inventory that would be reported on the variable costing balance sheet is Oa. $65,159 Ob. $54,975 Oc. $62,942 Od. $77,118 $123,700 48,300 172,000
Transcribed Image Text:< A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (18,200 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead $179,100 225,600 262,200 96,800 $763,700 Operating expenses: Variable operating expenses Fixed operating expenses If 1,500 units remain unsold at the end of the month, the amount of inventory that would be reported on the variable costing balance sheet is Oa. $65,159 Ob. $54,975 Oc. $62,942 Od. $77,118 $123,700 48,300 172,000
A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,700 units): Direct materials Direct labor < Variable factory overhead Fixed factory overhead Operating expenses: Variable operating expenses Fixed operating expenses If 1,900 units remain unsold Oa. $72,907 Ob. $86,390 Oc. $61,286 Od. $70,243 $174,200 227,800 265,700 97,400 $765,100 $126,600 49,500 176,100 the end of the month, the amount of inventory that would be reported on the absorption costing balance sheet is Previous
Transcribed Image Text:A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,700 units): Direct materials Direct labor < Variable factory overhead Fixed factory overhead Operating expenses: Variable operating expenses Fixed operating expenses If 1,900 units remain unsold Oa. $72,907 Ob. $86,390 Oc. $61,286 Od. $70,243 $174,200 227,800 265,700 97,400 $765,100 $126,600 49,500 176,100 the end of the month, the amount of inventory that would be reported on the absorption costing balance sheet is Previous
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