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Crane Company sells its product for $29 per unit. During 2022, it produced 27500 units and sold 15000 units (there was no beginning inventory).

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Crane Company sells its product for $29 per unit. During 2022, it produced 27500 units and sold 15000 units (there was no beginning inventory). Costs per unit are: direct materials $8, direct labour $7, and variable overhead $6. Fixed costs are: $330000 manufacturing overhead, and $110000 selling and administrative expenses. Under absorption costing, what amount of fixed overhead is deferred to a future period? $180000 $330000 $137500 $150000

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