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Last year, a company had sales of 75,000 units and production of 100,000 units. Other information for the year is shown below. Direct manufacturing labor $187,500 100,000 Variable manufacturing overhead Direct materials 150,000 Variable selling expenses 100,000 Fixed administrative expenses 100,000 Fixed manufacturing overhead 200,000 Assuming no beginning inventory, what is the cost of goods sold under variable costing? A. $478,125 $553,125 C. $328,125 O D. $403,125 B.

Last year, a company had sales of 75,000 units and production of 100,000 units. Other information for the year is shown below. Direct manufacturing labor $187,500 100,000 Variable manufacturing overhead Direct materials 150,000 Variable selling expenses 100,000 Fixed administrative expenses 100,000 Fixed manufacturing overhead 200,000 Assuming no beginning inventory, what is the cost of goods sold under variable costing? A. $478,125 $553,125 C. $328,125 O D. $403,125 B.

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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Last year, a company had sales of 75,000 units and production of 100,000 units. Other information for the year is shown below. Direct manufacturing labor Variable manufacturing overhead Direct materials $187,500 100,000 150,000 Variable selling expenses 100,000 Fixed administrative expenses 100,000 Fixed manufacturing overhead 200,000 Assuming no beginning inventory, what is the cost of goods sold under variable costing? O A. $478,125 $553,125 C. $328,125 O D. $403,125 B.
Transcribed Image Text:Last year, a company had sales of 75,000 units and production of 100,000 units. Other information for the year is shown below. Direct manufacturing labor Variable manufacturing overhead Direct materials $187,500 100,000 150,000 Variable selling expenses 100,000 Fixed administrative expenses 100,000 Fixed manufacturing overhead 200,000 Assuming no beginning inventory, what is the cost of goods sold under variable costing? O A. $478,125 $553,125 C. $328,125 O D. $403,125 B.
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