A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (19,500 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead $176,500 230,500 250,600 93,200 $750,800 Operating expenses: Variable operating expenses $122,900 Fixed operating expenses 46,200 169,100 If 2,000 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. $80,051 Ob. $67,440 Oc. $94,349 Od. $77,005

A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (19,500 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead $176,500 230,500 250,600 93,200 $750,800 Operating expenses: Variable operating expenses $122,900 Fixed operating expenses 46,200 169,100 If 2,000 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. $80,051 Ob. $67,440 Oc. $94,349 Od. $77,005

Name: A business operated at 100% of capacity during its first month and in
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Description: A business operated at 100% of capacity during its first month and incurred the following costs:Production costs (19,500 units):Direct materialsDirect laborVariable factory overheadFixed factory overhead$176,500230,500250,60093,200 $750,800Operating

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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