A business operated at 100% of capacity during its first month, with the following results: Sales (112 units) $560,000 Production costs (140 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead Operating expenses: $70,000 17,500 31,500 28,000 147,000 Variable operating expenses $6,450 Fixed operating expenses 4,240 10,690 The amount of contribution margin that would be reported on the variable costing income statement is a. $559,860 Ob. $458,350 Oc. $454,110 Od. $549,310

A business operated at 100% of capacity during its first month, with the following results: Sales (112 units) $560,000 Production costs (140 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead Operating expenses: $70,000 17,500 31,500 28,000 147,000 Variable operating expenses $6,450 Fixed operating expenses 4,240 10,690 The amount of contribution margin that would be reported on the variable costing income statement is a. $559,860 Ob. $458,350 Oc. $454,110 Od. $549,310

Name: A business operated at 100% of capacity during its first month, with
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Description: A business operated at 100% of capacity during its first month, with the following results:Sales (112 units)$560,000Production costs (140 units):Direct materialsDirect laborVariable factory overheadFixed factory overheadOperating expenses:$70,00017,

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter2: Job Order Costing

Section: Chapter Questions

Problem 14E: The following events took place for Rushmore Biking Inc. during February, the first month of...

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