MC Qu. 8-32 Fort Smith Technologies...

Fort Smith Technologies incurred the following costs during the past year when planned production and actual production each totaled 20,000 units:

Direct material used $290,000

Direct labor 200,000

Variable manufacturing overhead 190,000

Fixed manufacturing overhead 100,000

Variable selling and administrative cost 75,000

Fixed selling and administrative cost 95,000

If Fort Smith uses variable costing, the total inventoriable costs for the year would be:

Multiple Choice

• $780,000.
• $680,000.
• $490,000.
• $565,000.
• $755,000.