Zaria Inc. provides the following cost information for producing 10,000 units of inventory during the current month: Cost Information Accounts Amounts Direct materials costs $30,000 Direct labor costs 55,000 Variable manufacturing overhead costs 20,000 Fixed manufacturing overhead costs 25,000 Variable Selling and Administrative expenses 15,000 Fixed Selling and Administrative expenses 10,000 There was no inventory at the beginning of the period. If 1,500 units of inventory remain unsold at the end of the period, compute the costs of goods sold for the month under variable costing. Group of answer choices $89,250 $110,500 $15,750 $19,500
Zaria Inc. provides the following cost information for producing 10,000 units of inventory during the current month: Cost Information Accounts Amounts Direct materials costs $30,000 Direct labor costs 55,000 Variable manufacturing overhead costs 20,000 Fixed manufacturing overhead costs 25,000 Variable Selling and Administrative expenses 15,000 Fixed Selling and Administrative expenses 10,000 There was no inventory at the beginning of the period. If 1,500 units of inventory remain unsold at the end of the period, compute the costs of goods sold for the month under variable costing. Group of answer choices $89,250 $110,500 $15,750 $19,500
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Zaria Inc. provides the following cost information for producing 10,000 units of inventory during the current month:
Cost Information| Accounts | Amounts |
|---|---|
| Direct materials costs | $30,000 |
| Direct labor costs | 55,000 |
| Variable |
20,000 |
| Fixed manufacturing overhead costs | 25,000 |
| Variable Selling and Administrative expenses | 15,000 |
| Fixed Selling and Administrative expenses | 10,000 |
There was no inventory at the beginning of the period. If 1,500 units of inventory remain unsold at the end of the period, compute the costs of goods sold for the month under variable costing.
Group of answer choices
$89,250
$110,500
$15,750
$19,500
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