Jennifer R Us is currently operating at 100% capacity and incurred the following costs during the first month of operations: Units produced Direct labor Direct material Variable manufacturing overhead Fixed manufacturing overhead Variable operating expenses Fixed operating expenses 20100 O $47750. O $69951. O $58100. O $56000. $241200 179900 280500 102400 129700 50900 If the company has ending inventory of 1400 units for the month, how much inventory would be reported on the balance sheet using absorption costing?

Jennifer R Us is currently operating at 100% capacity and incurred the following costs during the first month of operations: Units produced Direct labor Direct material Variable manufacturing overhead Fixed manufacturing overhead Variable operating expenses Fixed operating expenses 20100 O $47750. O $69951. O $58100. O $56000. $241200 179900 280500 102400 129700 50900 If the company has ending inventory of 1400 units for the month, how much inventory would be reported on the balance sheet using absorption costing?

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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A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (18,200 units): Direct materials $180,000 Direct labor 221,700 Variable factory overhead 254,200 Fixed factory overhead 93,400 $749,300 Operating expenses: Variable operating expenses $127,900 Fixed operating expenses 49,200 177,100 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. $64,872 Ob. $77,519 Oc. $91,622 Od. $74,107
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A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (19,700 units): Direct materials $181,900 Direct labor 237,500 Variable factory overhead 254,900 Fixed factory overhead 93,200 $767,500 Operating expenses: Variable operating expenses $121,300 Fixed operating expenses 43,000 164,300 If 1,800 units remain unsold at the end of the month, the amount of inventory that would be reported on the absorption costing balance sheet is Oa. $61,611 Ob. $85,139 Oc. $72,694 Od. $70,128
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