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A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (18,800 units): ??? Direct materials $181,200 ???
A business operated at 100% of capacity during its first month and incurred the following costs:
Production costs (18,800 units): | ||
??? Direct materials | $181,200 | |
??? Direct labor | 222,600 | |
??? Variable factory overhead | 244,200 | |
??? Fixed factory overhead | 90,300 | $738,300 |
Operating expenses: | ||
??? Variable operating expenses | $131,400 | |
??? Fixed operating expenses | 40,500 | 171,900 |
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.$51,705
b.$62,186
c.$72,622
d.$58,907
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