A business operated at 100% of capacity during its first month, with the following results: Sales (107 units)   $577,800 Production costs (134 units):      Direct materials $78,221      Direct labor 19,971      Variable factory overhead 34,950      Fixed factory overhead 33,286 166,428   Operating expenses:      Variable operating expenses $5,953      Fixed operating expenses 4,852 10,805 The amount of gross profit that would be reported on the absorption costing income statement is a.$577,666 b.$434,101 c.$444,906 d.$438,953

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 $

A business operated at 100% capacity during its first month of operations, with the following results:   Sales (90 units)   $90,000 Production costs (100 units)         Direct materials $40,000       Direct labor   20,000       Variable factory overhead     2,000       Fixed factory overhead     7,000             Total manufacturing costs     69,000 Operating expenses:         Variable          Variable operating expenses $ 8,000        Fixed operating expenses    1,000              Total operating expenses      9,000 Use this information to complete a variable costing income statement.   Please when completing the  variable costing income statement , offer details where the numbers are coming from.

A business operated at 100% of capacity during its first month, with the following results: Sales (98 units) $490,000 Production costs (122 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead $65,941 16,836 29,463 28,060 Oc. $389,996 Od. $367,456 Operating expenses: Variable operating expenses Fixed operating expenses 9,844 What is the amount of the income from operations that would be reported on the absorption costing income statement? Oa. $394,087 Ob. $489,878 140,300 $5,753 4,091

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, with the following results: Sales (108 units)   $648,000 Production costs (135 units):      Direct materials $87,561      Direct labor 22,356      Variable factory overhead 39,123      Fixed factory overhead 37,260 186,300   Operating expenses:      Variable operating expenses $5,388      Fixed operating expenses 4,203 9,591 The amount of operating income that would be reported on the absorption costing income statement is a.$523,380 b.$647,865 c.$519,177 d.$489,369

A business operated at 100% of capacity during its first month, with the following results: Sales (90 units) Production costs (100 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead Operating expenses: Variable operating expenses Fixed operating expenses $40,000 20,000 2,000 7,000 $ 8,000 1,000 $90,000 69,000 9,000 What is the amount of the income from operations that would be reported on the variable costing income statement? a. $18,000 O b. $21,000 O c. $18,900 O d. $18,200

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A business operated at 100% of capacity during its first month, with the following results: Sales (96 units) $480,000 Production costs (120 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead Operating expenses: $60,000 15,000 27,000 24,000 126,000 Variable operating expenses $5,150 Fixed operating expenses 4,080 9,230 The amount of contribution margin that would be reported on the variable costing income statement is a. $470,770 Ob. $389,170 Oc. $393.250 Od. $479,880

Joplin Company Absorption Costing Income Statement For the Month Ended April 30 Sales (2,500 units) Cost of goods sold: Cost of goods manufactured (2,900 units) Inventory, April 30 (400 units) Total cost of goods sold Gross profit Selling and administrative expenses Operating income $75,400 (10,400) $92,500 (65,000) $27,500 (16,050) $11,450 If the fixed manufacturing costs were $18,096 and the fixed selling and administrative expenses were $7,860, prepare an income statement according to the i variable costing concept. Round all final answers to whole dollars.