A business operated at 100% of capacity during its first month, with the following results: Sales (104 units)   $520,000 Production costs (130 units):        Direct materials $65,000        Direct labor 16,250        Variable factory overhead 29,250    Fixed factory overhead 26,000 136,500 Operating expenses:        Variable operating expenses $5,770        Fixed operating expenses 3,540 9,310 The amount of contribution margin that would be reported on the variable costing income statement is a.$422,290 b.$510,690 c.$519,870 d.$425,830

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A: VARIABLE COSTINGVariable Costing is a Cost Managerial Accounting Method in which all variable cost…

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A: Introduction: Variable costing: Variable costing product cost = Direct materials + Direct labor +…

Q: A business operated at 100% of capacity during its first month, with the following results: Sales…

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A:

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.