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A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,800 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead $172,300 228,500 255,000 104,300 $760,100 Operating expenses: Variable operating expenses $128,000 Fixed operating expenses 44,300 172,300 If 1,700 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 $64,061 Ob 562,124 O $76,206 Od $53,601

A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,800 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead $172,300 228,500 255,000 104,300 $760,100 Operating expenses: Variable operating expenses $128,000 Fixed operating expenses 44,300 172,300 If 1,700 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 $64,061 Ob 562,124 O $76,206 Od $53,601

FINANCIAL ACCOUNTING
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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A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,800 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead $172,300 228,500 255,000 104,300 $760,100 Operating expenses: Variable operating expenses $128,000 Fixed operating expenses 44,300 172,300 If 1,700 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 $64,061 Ob 562,124 O $76,206 Od $55,601
Transcribed Image Text:A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,800 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead $172,300 228,500 255,000 104,300 $760,100 Operating expenses: Variable operating expenses $128,000 Fixed operating expenses 44,300 172,300 If 1,700 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 $64,061 Ob 562,124 O $76,206 Od $55,601
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