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A business operated at 100% of capacity during its first month, with the following results: Sales (120 units) $600,000 Production costs (150 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead Operating expenses: $75,000 18,750 33,750 30,000 157,500 Variable operating expenses $5,450 Fixed operating expenses 4,380 9,830 The amount of contribution margin that would be reported on the variable costing income statement is Oa. $488,170 O b. $599,850 O c. $590,170 Od. $492,550

A business operated at 100% of capacity during its first month, with the following results: Sales (120 units) $600,000 Production costs (150 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead Operating expenses: $75,000 18,750 33,750 30,000 157,500 Variable operating expenses $5,450 Fixed operating expenses 4,380 9,830 The amount of contribution margin that would be reported on the variable costing income statement is Oa. $488,170 O b. $599,850 O c. $590,170 Od. $492,550

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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A business operated at 100% of capacity during its first month, with the following results: Sales (120 units) $600,000 Production costs (150 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead Operating expenses: $75,000 18,750 33,750 30,000 O a. $488,170 O b. $599,850 Oc. $590,170 Od. $492,550 $5,450 4,380 157,500 Variable operating expenses Fixed operating expenses 9,830 The amount of contribution margin that would be reported on the variable costing income statement is
Transcribed Image Text:A business operated at 100% of capacity during its first month, with the following results: Sales (120 units) $600,000 Production costs (150 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead Operating expenses: $75,000 18,750 33,750 30,000 O a. $488,170 O b. $599,850 Oc. $590,170 Od. $492,550 $5,450 4,380 157,500 Variable operating expenses Fixed operating expenses 9,830 The amount of contribution margin that would be reported on the variable costing income statement is
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