A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (18,600 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead Operating expenses: Variable operating expenses $124,500 Fixed operating expenses 48,400 172,900 If 1,600 units remain unsold at the end of the month, the amount of inventory that would be reported on the variable costing balance sheet is O a. $69,135 O b. $58,416 Oc. $66,262 Od. $81,135 $182,900 234,400 261,900 91,100 $770,300

Variable Costing, Value of Ending Inventory, Operating Income Pattison Products, Inc., began operations in October and manufactured 42,000 units during the month with the following unit costs: Direct materials $4.30 Direct labor 2.30 Variable overhead 1.15 Fixed overhead* 6.30 Variable marketing cost 0.85 * Fixed overhead per unit = $264,600 / 42,000 units produced = $6.30 Total fixed factory overhead is $264,600 per month. During October, 40,800 units were sold at a price of $25.25, and fixed marketing and administrative expenses were $118,300. Required: Question Content Area 1. Calculate the cost of each unit using variable costing. Round the final answer to the nearest cent. $fill in the blank per unit 2. How many units remain in ending inventory?fill in the blank  What is the cost of ending inventory using variable costing?$fill in the blank Question Content Area 3. Prepare a variable-costing income statement for Pattison Products, Inc., for the month…

Walsh Company manufactured 30,000 units during July. There were no units in inventory on July 1. Costs and expenses for July were as follows: Total Num   Total Cost Number of Units Unit Cost Manufacturing costs:        Variable $660,000   30,000  $22.00  Fixed 300,000  30,000 10.00 Total 960,000     Selling and administrative expenses:       Variable $200,000     Fixed  160,000     Total. $360,000     If the company sells 25,000 units at $75 (units manufactured exceed units sold), prepare an income statement for July using: b. Variable costing

At the end of the first year of operations, 5,600 units remained in the finished goods inventory. The unit manufacturing costs during the year were as follows: Direct materials $29.10   Direct labor 13.20   Fixed factory overhead 4.80   Variable factory overhead 4.20   Determine the cost of the finished goods inventory reported on the balance sheet under (a) the absorption costing concept and (b) the variable costing concept. Absorption costing $ Variable costing $