Question

A business operated at 100% of capacity during its first month and incurred the following costs:...

A business operated at 100% of capacity during its first month and incurred the following costs:

Production costs (19,500 units):
Direct materials $178,400
Direct labor 220,000
Variable factory overhead 247,100
Fixed factory overhead 92,200 $737,700
Operating expenses:
Variable operating expenses $134,200
Fixed operating expenses 46,800 181,000

If 1,700 units remain unsold at the end of the month and sales total $1,196,000 for the month, what would be the amount of income from operations reported on the variable costing income statement?

a.$333,620

b.$56,274

c.$80,092

d.$64,312

Business   Accounting   
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Answer #1

ANSWER a) $333,620

explanation

unit costs are rounded to two decimals

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