A business operated at 100% of capacity during its first month and incurred the following costs:Production costs (18,600 units):Direct materialsDirect laborVariable factory overheadFixed factory overheadOperating expenses:Variable operating expensesFixed operating expenses$182,900234,400261,90091,100 $770,300$124,50048,400172,900If 1,600 units remain unsold at the end of the month, the amount of inventory that would be reported on the variable costing balance sheet isO a. $69,135Ob. $58,416Oc. $66,262Od. $81,135

Amount of inventory in hand means the inventory that is left with the entity at the end of the…

A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (18,600 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead Operating expenses: Variable operating expenses $124,500 Fixed operating expenses 48,400 172,900 If 1,600 units remain unsold at the end of the month, the amount of inventory that would be reported on the variable costing balance sheet is O a. $69,135 O b. $58,416 Oc. $66,262 Od. $81,135 $182,900 234,400 261,900 91,100 $770,300

A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (18,600 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead Operating expenses: Variable operating expenses $124,500 Fixed operating expenses 48,400 172,900 If 1,600 units remain unsold at the end of the month, the amount of inventory that would be reported on the variable costing balance sheet is O a. $69,135 O b. $58,416 Oc. $66,262 Od. $81,135 $182,900 234,400 261,900 91,100 $770,300

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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