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Delta Products began operations on January 1, 2021. Delta sells a single product for $14 per unit. During 2021, 80,000 units were produced, and 62,000 units were sold. Costs for 2021 were: Fixed Portion Variable Portion Direct labor Direct materials Manufacturing overhead $0 $2.80 per unit produced $0 $2.10 per unit produced $72,000 $1.20 per unit produced Selling and administrative expenses $100,000 $0.35 per unit sold Under absorption costing, the fixed overhead deferred in ending inventory is: a. $14,400 b. $16,200 c. $18,000 d. $13,500

Delta Products began operations on January 1, 2021. Delta sells a single product for $14 per unit. During 2021, 80,000 units were produced, and 62,000 units were sold. Costs for 2021 were: Fixed Portion Variable Portion Direct labor Direct materials Manufacturing overhead $0 $2.80 per unit produced $0 $2.10 per unit produced $72,000 $1.20 per unit produced Selling and administrative expenses $100,000 $0.35 per unit sold Under absorption costing, the fixed overhead deferred in ending inventory is: a. $14,400 b. $16,200 c. $18,000 d. $13,500

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 7EB: A company estimates its manufacturing overhead will be $840,000 for the next year. What is the...
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Delta Products began operations on January 1, 2021. Delta sells a single product for $14 per unit. During 2021, 80,000 units were produced, and 62,000 units were sold. Costs for 2021 were: Fixed Portion Variable Portion Direct labor Direct materials Manufacturing overhead $0 $2.80 per unit produced $0 $2.10 per unit produced $72,000 $1.20 per unit produced Selling and administrative expenses $100,000 $0.35 per unit sold Under absorption costing, the fixed overhead deferred in ending inventory is: a. $14,400 b. $16,200 c. $18,000 d. $13,500
Transcribed Image Text:Delta Products began operations on January 1, 2021. Delta sells a single product for $14 per unit. During 2021, 80,000 units were produced, and 62,000 units were sold. Costs for 2021 were: Fixed Portion Variable Portion Direct labor Direct materials Manufacturing overhead $0 $2.80 per unit produced $0 $2.10 per unit produced $72,000 $1.20 per unit produced Selling and administrative expenses $100,000 $0.35 per unit sold Under absorption costing, the fixed overhead deferred in ending inventory is: a. $14,400 b. $16,200 c. $18,000 d. $13,500
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