A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (18,200 units): Direct materials $180,000 Direct labor 221,700 Variable factory overhead 254,200 Fixed factory overhead 93,400 $749,300 Operating expenses: Variable operating expenses $127,900 Fixed operating expenses 49,200 177,100 If 1,800 units remain unsold at the end of the month, the amount of inventory that would be reported on the variable costing balance sheet is Oa. $64,872 Ob. $77,519 Oc. $91,622 Od. $74,107

Belle Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Units produced this year 105,000 units Units sold this year 63,000 units Direct materials $ 29 per unit Direct labor $ 31 per unit Variable overhead $ 3 per unit Fixed overhead $ 918,750 in total Belle Company's product is sold for $89 per unit a Variable selling and administrative expense is $2 per unit and fixed selling and administrative is $370,000 per year. Compute the net income under variable costing.

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

A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (5,000 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead Operating expenses: Variable operating expenses Fixed operating expenses $70,000 20,000 10,000 2,000 $17,000 1,000 $102,000 18,000 If 1,000 units remain unsold at the end of the month and sales total $150,000 for the month, the amount of manufacturing margin that would be reported on the absorption costing income statement is a. $54,000 b. $50,000 c. $70,000 d. not reported

A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (19,800 units): Direct materials $177,000 Direct labor 227,000 Variable factory overhead 261,600 Fixed factory overhead 100,400 $766,000 Operating expenses: Variable operating expenses $132,300 Fixed operating expenses 42,700 175,000 If 1,800 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. $60,498 b. $72,536 Oc. $69,636 O d. $85,545

A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (17,100 units):        Direct materials $183,100        Direct labor 227,700        Variable factory overhead 246,200        Fixed factory overhead 104,700 $761,700 Operating expenses:        Variable operating expenses $122,200        Fixed operating expenses 49,300 171,500 If 1,600 units remain unsold at the end of the month and sales total $1,079,000 for the month, what would be the amount of income from operations reported on the absorption costing income statement? a.$216,975 b.$71,270 c.$207,274 d.$61,474

A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (19,200 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead Operating expenses: Variable operating expenses $174,500 232,600 249,000 104,200 $760,300 $134,700 43,300 Fixed operating expenses 178,000 If 1,700 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. $67,318 O b. $70,019 O c. $58,089 O d. $83,079

A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (17,100 units):        Direct materials $184,100      Direct labor 222,200      Variable factory overhead 241,500      Fixed factory overhead 104,400 $752,200       Operating expenses:        Variable operating expenses $126,900      Fixed operating expenses 46,600 173,500 If 1,700 units remain unsold at the end of the month, the amount of inventory that would be reported on the variable costing balance sheet is:

The following information pertains to Vladamir, Inc., for last year: Beginning inventory, units Units produced 1,400 100,000 Units sold 101,000 Variable costs per unit: Direct materials $8.00 Direct labor $9.00 Variable overhead $1.00 Variable selling expenses $2.00 Fixed costs per year: Fixed overhead $300,000 Fixed selling and administrative expenses $230,000 There are no work-in-process inventories. Normal activity is 100,000 units. Expected and actual overhead costs are the same. Costs have not changed from one year to the next. Required: 1. How many units are in ending inventory? 2. Without preparing an income statement, indicate what the difference will be between variable-costing income and absorption-costing income. 3. Assume the selling price per unit is $32. Prepare an income statement using (a) variable costing and (b) absorption costing.

A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,700 units): Direct materials $179,300 Direct labor 234,800 Variable factory overhead 268,300 Fixed factory overhead 103,400 $785,800 Operating expenses: Variable operating expenses $124,300 Fixed operating expenses 48,100 172,400 If 1,900 units remain unsold at the end of the month, the amount of inventory that would be reported on the absorption costing balance sheet is Oa. $72,124 Ob. $74,045 Oc. $87,951 Od. $62,636