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com/ilrn/takeAssignment/takeAssi A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,200 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead $171,900 231,100 261,300 90,300 $754,600 Operating expenses: Variable operating expenses Fixed operating expenses 40,600 166,800 If 1,800 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. $70,441 Ob. $82,105 Oc. $59,202 Od. $67,242 $126,200

com/ilrn/takeAssignment/takeAssi A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,200 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead $171,900 231,100 261,300 90,300 $754,600 Operating expenses: Variable operating expenses Fixed operating expenses 40,600 166,800 If 1,800 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. $70,441 Ob. $82,105 Oc. $59,202 Od. $67,242 $126,200

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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com/ilrn/takeAssignment/takeAssi A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,200 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead $171,900 231,100 261,300 90,300 $754,600 Operating expenses: Variable operating expenses Fixed operating expenses 40,600 166,800 If 1,800 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. $70,441 Ob. $82,105 Oc. $59,202 Od. $67,242 $126,200
Transcribed Image Text:com/ilrn/takeAssignment/takeAssi A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,200 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead $171,900 231,100 261,300 90,300 $754,600 Operating expenses: Variable operating expenses Fixed operating expenses 40,600 166,800 If 1,800 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. $70,441 Ob. $82,105 Oc. $59,202 Od. $67,242 $126,200
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