Kunis Electronics operated at 100% capacity during its first month and incurred the following costs: Production costs (22,400 units) Line Item Description Direct materials Amount $184,800 $247,500 Direct labor Variable factory overhead $289,600 Fixed factory overhead $114,000 Total Production Costs $835,900 Operating Expenses Description Amount Variable operating expenses $136,500 Fixed operating expenses Total Operating Expenses $52,000 $188,500 If 2,100 units remain unsold at the end of the month, the amount of inventory that would be reported on the variable costing balance sheet is: A) $78,015.00 B) $73,892.52 C) $84,622.00 D) $67,683.00

Kunis Electronics operated at 100% capacity during its first month and incurred the following costs: Production costs (22,400 units) Line Item Description Direct materials Amount $184,800 $247,500 Direct labor Variable factory overhead $289,600 Fixed factory overhead $114,000 Total Production Costs $835,900 Operating Expenses Description Amount Variable operating expenses $136,500 Fixed operating expenses Total Operating Expenses $52,000 $188,500 If 2,100 units remain unsold at the end of the month, the amount of inventory that would be reported on the variable costing balance sheet is: A) $78,015.00 B) $73,892.52 C) $84,622.00 D) $67,683.00

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter9: Standard Costing: A Functional-based Control Approach

Section: Chapter Questions

Problem 30P: Algers Company produces dry fertilizer. At the beginning of the year, Algers had the following...

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