A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,000 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead Operating expenses: Variable operating expenses Fixed operating expenses $178,400 225,500 259,700 102,100 a. $63,042 b. $88,493 c. $72,742 Od. $320,361 $121,200 44,600 $765,700 165,800 If 1,900 units remain unsold at the end of the month and sales total $1,189,000 for the month, the amount reported on the variable costing income statement would be operating income

A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,000 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead Operating expenses: Variable operating expenses Fixed operating expenses $178,400 225,500 259,700 102,100 a. $63,042 b. $88,493 c. $72,742 Od. $320,361 $121,200 44,600 $765,700 165,800 If 1,900 units remain unsold at the end of the month and sales total $1,189,000 for the month, the amount reported on the variable costing income statement would be operating income

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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A4
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