Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Vaughn Manufacturing sells its product for $90 per unit. During 2022, it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs

Vaughn Manufacturing sells its product for $90 per unit. During 2022, it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs per unit are: direct materials $17, direct labor $11, and variable overhead $3. Fixed costs are: $570000 manufacturing overhead, and $50000 selling and administrative expenses. Ending inventory under variable costing is O $1550000. O $310000. O $405000. O $900000. K
image text in transcribed
Vaughn Manufacturine sells its product for $90 per unit During 2022 , it produced 60000 units and sold 50000 units (there wes no manufacturire overhead, and $50000 seling and administrative epenses Ending inventory under variablecosting is $1550000 $310000. $405000. $900000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

Format of the statement of cash flow

Answered: 1 week ago