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A company produces a single product. Variable production costs are $13.2 per unit and variable selling and administrative expenses are $4.2 per unit. Fixed manufacturing overhead totals $48,000 and fixed selling and administration expenses total $52,000. Assuming a beginning inventory of zero, production of 5,200 units and sales of 4,200 units, the dollar value of the ending inventory under variable costing would be: a) $13,200 b) $22,200 c) $17,400 d) $9,000

A company produces a single product. Variable production costs are $13.2 per unit and variable selling and administrative expenses are $4.2 per unit. Fixed manufacturing overhead totals $48,000 and fixed selling and administration expenses total $52,000. Assuming a beginning inventory of zero, production of 5,200 units and sales of 4,200 units, the dollar value of the ending inventory under variable costing would be: a) $13,200 b) $22,200 c) $17,400 d) $9,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A company produces a single product. Variable production costs are $13.2 per unit and variable selling and administrative expenses are $4.2 per unit. Fixed manufacturing overhead totals $48,000 and fixed selling and administration expenses total $52,000. Assuming a beginning inventory of zero, production of 5,200 units and sales of 4,200 units, the dollar value of the ending inventory under variable costing would be: a) $13,200 b) $22,200 c) $17,400 d) $9,000
Transcribed Image Text:A company produces a single product. Variable production costs are $13.2 per unit and variable selling and administrative expenses are $4.2 per unit. Fixed manufacturing overhead totals $48,000 and fixed selling and administration expenses total $52,000. Assuming a beginning inventory of zero, production of 5,200 units and sales of 4,200 units, the dollar value of the ending inventory under variable costing would be: a) $13,200 b) $22,200 c) $17,400 d) $9,000
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