A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (17,700 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead $178,600 235,800 252,100 91,500 $758,000 Operating expenses: Variable operating expenses $123,500 Fixed operating expenses 45,000 168,500 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. $64,237 Ob. $56,475 Oc. $66,949 Od. $78,517

A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (17,700 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead $178,600 235,800 252,100 91,500 $758,000 Operating expenses: Variable operating expenses $123,500 Fixed operating expenses 45,000 168,500 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. $64,237 Ob. $56,475 Oc. $66,949 Od. $78,517

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Description: A business operated at 100% of capacity during its first month and incurred the following costs:Production costs (17,700 units):Direct materialsDirect laborVariable factory overheadFixed factory overhead$178,600235,800252,10091,500 $758,000Operating

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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