The Sou ion manufactures a single product and has the following cost Variable costs per unit: Production Selling and administrative Fixed costs per year: Production Selling and administrative Multiple Choice $ 35 14 $175,560 $140,450 Last year, 7,980 units were produced and 7,680 units were sold. There was no beginning inventory. The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be:

The Sou ion manufactures a single product and has the following cost Variable costs per unit: Production Selling and administrative Fixed costs per year: Production Selling and administrative Multiple Choice $ 35 14 $175,560 $140,450 Last year, 7,980 units were produced and 7,680 units were sold. There was no beginning inventory. The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be:

FINANCIAL ACCOUNTING

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Chapter1: Financial Statements And Business Decisions

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Question

The Southern Corporation manufactures a single product and has the following cost structure:
Variable costs per unit:
Production
Selling and administrative
Fixed costs per year:
Production
Selling and administrative
Multiple Choice
the same as absorption costing.
Last year, 7,980 units were produced and 7,680 units were sold. There was no beginning inventory.
The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be:
$7,680 greater than under absorption costing.
$7,680 less than under absorption costing.
$
$
O $6,600 less than under absorption costing.
35
14
$175,560
$140,450

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