1. Kelley Company produced 10,000 units and sold 7,000 units. Directmaterials = $12, direct labor = $8, variable MOH = $2, variable S&A =$1. Total fixed MOH for the year was $50,000. What is the amount ofCOGS under variable costing? (Single Choice)$220,000$161,000$154,000O $230,000

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Description: 1. Kelley Company produced 10,000 units and sold 7,000 units. Directmaterials = $12, direct labor = $8, variable MOH = $2, variable S&A =$1. Total fixed MOH for the year was $50,000. What is the amount ofCOGS under variable costing? (Single Choice)$

Cost of goods sold is the total of all the direct costs of producing the product which has been…

Answered: COGS under variable costing? (Single…

Business

Accounting

COGS under variable costing? (Single Choice)

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 8EA: Suppose that a company has fixed costs of $18 per unit and variable costs $9 per unit when 15,000...

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