FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Q.13 coronado industries sells its product for $80 per unit…
Coronado Industries sells its product for $80 per unit. During 2022, it produced 60000 units and sold 50000 units (there was no
beginning inventory). Costs per unit are: direct materials $19, direct labor $13, and variable overhead $2. Fixed costs are: $660000
manufacturing overhead, and $60000 selling and administrative expenses. Ending inventory under variable costing is
$450000.
O $340000.
O $800000.
O $1700000.
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Transcribed Image Text:Coronado Industries sells its product for $80 per unit. During 2022, it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs per unit are: direct materials $19, direct labor $13, and variable overhead $2. Fixed costs are: $660000 manufacturing overhead, and $60000 selling and administrative expenses. Ending inventory under variable costing is $450000. O $340000. O $800000. O $1700000.
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