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 (19,900 units):
    Direct materials $174,200
    Direct labor 223,400
    Variable factory overhead 253,600
    Fixed factory overhead 92,700 $743,900
Operating expenses:
    Variable operating expenses $124,200
    Fixed operating expenses 49,200 173,400

If 1,500 units remain unsold at the end of the month, what is the amount of inventory that would be reported on the variable costing balance sheet?

a.$58,447

b.$56,073

c.$49,080

d.$69,143

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Correct answer----------(C) $49,080

Working

Direct material $        174,200
Direct labor $        223,400
Variable factory Overhed $        253,600
Total cost of 19900 units $        651,200
Divided by : Units produced 19900
Cost per unit $            32.72
Multiplied by: Units in ending Inventory 1500
Cost of Ending Inventory $          49,080
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
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 (20,700 units): Direct materials $183,000 Direct labor 223,400 Variable factory overhead 269,900 Fixed factory overhead 93,800 $770,100 Operating expenses: Variable operating expenses $124,400 Fixed operating expenses 40,600 165,000 If 1,500 units remain unsold at the end of the month, the amount of inventory that would be reported on the absorption costing balance sheet is a. $58,022 b. $55,800 c. $49,007 d. $67,761
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 (18,500 units): Direct materials $170,900 Direct labor 233,200 Variable factory overhead 245,800 Fixed factory overhead 91,700 $741,600 Operating expenses: Variable operating expenses $123,300 Fixed operating expenses 49,200 172,500 If 2,000 units remain unsold at the end of the month and sales total $1,079,000 for the month, what would be the amount of income from operations reported on the variable costing income statement?...
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 (19,000 units):     Direct materials $181,000     Direct labor 235,000     Variable factory overhead 258,500     Fixed factory overhead 95,500 $770,000 Operating expenses:     Variable operating expenses $128,700     Fixed operating expenses 46,900 175,600 If 2,000 units remain unsold at the end of the month, what is the amount of inventory that would be reported on the variable costing balance sheet? a.$81,053 b.$84,547 c.$99,537 d.$71,020
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 (17,200 units): Direct materials $179,300 Direct labor 235,500 Variable factory overhead 263,400 Fixed factory overhead 100,100 $778,300 Operating expenses: Variable operating expenses $122,900 Fixed operating expenses 48,000 170,900 If 1,900 units remain unsold at the end of the month, the amount of inventory that would be reported on the absorption costing balance sheet is a.$88,494 b.$85,956 c.$104,853 d.$74,917
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 (18,800 units): Direct materials $182,200 Direct labor 221,300 Variable factory overhead 257,400 Fixed factory overhead 103,200 $764,100 Operating expenses: Variable operating expenses $127,200 Fixed operating expenses 45,000 172,200 If 1,800 units remain unsold at the end of the month and sales total $1,057,000 for the month, what would be the amount of income from operations reported on the variable costing income statement?...
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?...
3). A business operated at 100% of capacity during its first month and incurred the following...
3). A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (17,900 units): ??? Direct materials $173,200 ??? Direct labor 237,200 ??? Variable factory overhead 260,600 ??? Fixed factory overhead 97,300 $768,300 Operating expenses: ??? Variable operating expenses $134,800 ??? Fixed operating expenses 46,700 181,500 If 1,800 units remain unsold at the end of the month, what is the amount of inventory that would be reported on the absorption costing balance sheet?...
78 - A business operated at 100% of capacity during its first month and incurred the...
78 - A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,800 units): ??? Direct materials $171,700 ??? Direct labor 222,500 ??? Variable factory overhead 244,200 ??? Fixed factory overhead 93,900 $732,300 Operating expenses: ??? Variable operating expenses $129,800 ??? Fixed operating expenses 42,500 172,300 If 2,000 units remain unsold at the end of the month, what is the amount of inventory that would be reported on the variable costing balance...
16. A.    A business operated at 100% of capacity during its first month, with the...
16. A.    A business operated at 100% of capacity during its first month, with the following results: Sales (96 units) $480,000 Production costs (120 units):     Direct materials $60,000     Direct labor 15,000     Variable factory overhead 27,000     Fixed factory overhead 24,000 126,000 Operating expenses:     Variable operating expenses $5,740     Fixed operating expenses 4,100 9,840 What is the amount of the contribution margin that would be reported on the variable costing income statement? a. $470,160 b. $388,560 c. $479,880 d. $392,660 16. B....
28) A business operated at 100% of capacity during its first month and incurred the following...
28) A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (19,600 units): Direct materials $183,900 Direct labor 233,800 Variable factory overhead 254,500 Fixed factory overhead 90,700 $762,900 Operating expenses: Variable operating expenses $124,400 Fixed operating expenses 46,700 171,100 If 1,900 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.$73,955 b.$65,151 c.$77,221 d.$90,541 27) Given the...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT