Couric Company reported the following information about the production and sale of its only product during the first month of operations: Selling price per unit $117.00 Sales $117,000 Direct materials used $37,500 Direct labor $63,000 Variable factory overhead $25,500 Fixed factory overhead $80,000 Variable selling and administrative expenses $4,500 Fixed selling and administrative expenses $7,500 Units produced 2,000 units Units sold 1,000 units Production volume variance $0 ty cui O A. $126,000 OB. $103,000 C. $206,000 D. $63,000 -las Dire ws Click to select your answer. ? If the actual volume of production differs from the expected volume of production, the fixed overhead costs used for budgeting and product costing are ct as ow O A. changing over the accounting period OB. indeterminate OC. the same D. different ...O Firety actul Cla: Dire Click to select your answer. ? The production volume variance is calculated by the difference between actual volume and applied volume. O True False Click to select your answer. ? Selling price per unit $100.00 Sales $100,000 Direct materials used $37,500 Direct labor $36,000 Variable factory overhead $25,500 Fixed factory overhead $20,000 Variable selling and administrative expenses $2,000 Fixed selling and administrative expenses $7,500 Ending inventory, Direct Materials 0 Ending inventory, Work-in-process 0 Ending inventory, Finished Goods 1,200 units Under variable costing, what is the cost of the finished goods ending inventory? O A. $48,000 O B. $58,000 C. $50,000 OD. $54,000