Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need sone help please? Crane sells its product for $78 per unit. During 2025, it produced 122300 units and sold 107300 units. Costs per unit

need sone help please?
Crane sells its product for $78 per unit. During 2025, it produced 122300 units and sold 107300 units. Costs per unit are: direct materials $26, direct labor $11, variable overhead $6, and variable operating expenses $4. Fixed costs are $978400 manufacturing overhead, and $77000 operating expenses. Assuming no variances were reported, no beginning inventory exists, and the company uses variable costing, what will be reported as the ending inventory value?
image text in transcribed
Crane sells its product for $78 per unit. During 2025, it produced 122300 units and sold 107300 units. Costs per unit are: direct materials $26, direct labor $11, variable overhead $6, and variable operating expenses $4. Fixed costs are $978400 manufacturing overhead, and $77000 operating expenses. Assuming no variances were reported, no beginning inventory oxists, and the comparry uses variable costing, what will be reported as the ending inventory value

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Money And Banking

Authors: Robert E. Wright, Vincenzo Quadrini

1st Edition

0982043082, 9780982043080

More Books

Students also viewed these Accounting questions

Question

Coaching and motivational behavior

Answered: 1 week ago