Question Content Area A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,000 units): Line Item Description Amount Amount Direct materials $180,000 Direct labor 240,000 Variable factory overhead 280,000 Fixed factory overhead 100,000 $800,000 Operating expenses: Variable operating expenses $130,000 Fixed operating expenses 50,000 180,000 If 1,600 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. $78,400 b. $56,000 c. $66,400 d. $64,000
Question Content Area A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,000 units): Line Item Description Amount Amount Direct materials $180,000 Direct labor 240,000 Variable factory overhead 280,000 Fixed factory overhead 100,000 $800,000 Operating expenses: Variable operating expenses $130,000 Fixed operating expenses 50,000 180,000 If 1,600 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. $78,400 b. $56,000 c. $66,400 d. $64,000
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 10E: Costs per equivalent unit Georgia Products Inc. completed and transferred 89,000 particle board...
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Question Content Area
A business operated at 100% of capacity during its first month and incurred the following costs:
Production costs (20,000 units):Line Item Description Amount Amount Direct materials $180,000 Direct labor 240,000 Variable factory overhead 280,000 Fixed factory overhead 100,000 $800,000 Operating expenses: Variable operating expenses $130,000 Fixed operating expenses 50,000 180,000 If 1,600 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. $78,400b. $56,000c. $66,400d. $64,000
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