business operated at 100% of capacity during its first month and incurred the following costs: roduction costs (17,200 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead Operating expenses: Variable operating expenses $125,200 Fixed operating expenses 41,600 166,800 2,000 units remain unsold at the end of the month, the amount of inventory that would be reported on the absorption costing balance sheet is a. $78,000 b. $92,558 c. $109,244 d. $89,840 $176,300 236,000 258,500 101,900 $772,700

business operated at 100% of capacity during its first month and incurred the following costs: roduction costs (17,200 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead Operating expenses: Variable operating expenses $125,200 Fixed operating expenses 41,600 166,800 2,000 units remain unsold at the end of the month, the amount of inventory that would be reported on the absorption costing balance sheet is a. $78,000 b. $92,558 c. $109,244 d. $89,840 $176,300 236,000 258,500 101,900 $772,700

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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Last year, Orsen Company produced 25,000 juicers and sold 26,500 juicers for 60 each. The actual variable unit cost is as follows: Fixed overhead was 320,000. Fixed selling expenses consisted of advertising copayments totaling 110,000. Fixed administrative expenses were 236,000. There were no beginning and ending work-in-process inventories. Beginning finished goods inventory was 148,000 for 4,000 juicers. The value of ending inventory reported on the financial statements was a. 55,500 b. 92,500 c. 66,500 d. 39,900
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