Harborline Tools Inc. produces a single product. ⚫ Variable production costs are $14.5 per unit ⚫ Variable selling & administrative expenses are $5.3 per unit ⚫ Fixed manufacturing overhead totals $60,000 ⚫ Fixed selling & administrative expenses total $58,000 Assuming: ⚫ Beginning inventory = 0 units ⚫ Production = 6,000 units Sales = 4,800 units What is the dollar value of ending inventory under variable costing? a) $18,600 b) $21,750 c) $17,400 d) $26,100

Harborline Tools Inc. produces a single product. ⚫ Variable production costs are $14.5 per unit ⚫ Variable selling & administrative expenses are $5.3 per unit ⚫ Fixed manufacturing overhead totals $60,000 ⚫ Fixed selling & administrative expenses total $58,000 Assuming: ⚫ Beginning inventory = 0 units ⚫ Production = 6,000 units Sales = 4,800 units What is the dollar value of ending inventory under variable costing? a) $18,600 b) $21,750 c) $17,400 d) $26,100

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter8: Tactical Decision-making And Relevant Analysis

Section: Chapter Questions

Problem 11MCQ: Garrett Company provided the following information: Common fixed cost totaled 46,000. Garrett...

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