Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (18,805 units): Direct materials $171,819 Direct labor
A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (18,805 units): Direct materials $171,819 Direct labor 223,956 Variable factory overhead 252,338 Fixed factory overhead 103,715 $751,828 Operating expenses: Variable operating expenses $126,150 Fixed operating expenses 45,364 171,514 If 1,845 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?
$63,588
$75,965
$90,591
$73,764
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started