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 $174,400 226,800 250,800 104,300 $756,300 Variable factory overhead Fixed factory overhead Operating expenses: Variable operating expenses $128,100 Fixed operating expenses 48,200 176,300 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 a. $95,651 b. $66,860 c. $77,569 d. $80,010

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 $174,400 226,800 250,800 104,300 $756,300 Variable factory overhead Fixed factory overhead Operating expenses: Variable operating expenses $128,100 Fixed operating expenses 48,200 176,300 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 a. $95,651 b. $66,860 c. $77,569 d. $80,010

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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 overheadOperating expenses:Variable operating expenses

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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