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Zee Corporation operated at 100% of capacity during its first month and incurred the following costs: Selling price is $800 per unit. Production costs (2,000
Zee Corporation operated at 100% of capacity during its first month and incurred the following costs: Selling price is $800 per unit. Production costs (2,000 units): Direct materials $180,000 Direct labor 240,000 Variable factory overhead 280,000 Fixed factory overhead 100.000 $800,000 Operating expenses: Variable operating expenses Fixed operating expenses $130,000 50,000 180,000 If company produces and sells 2,000 units, the cost of goods sold reported under Variable Costing Income Statement would be
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