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Direct materials $153,000 Direct labor $110,500 Variable manulacturing overhead $204,000 Fixed manufacturing overhead $255,091? Sales were $780,000 for the year, variable selling and administrative expenses
Direct materials $153,000 Direct labor $110,500 Variable manulacturing overhead $204,000 Fixed manufacturing overhead $255,091? Sales were $780,000 for the year, variable selling and administrative expenses were $08,400, and fixed selling and administrative expenses were $170,000. There was ne beginning inventery. Assume that direct labor is a variable cost. Under abserptien costing, the carrying value an the balance sheet of the ending inventerv fer the year would be
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