20) A business operated at 100% of capacity during its first month and incurred

Q: 20) A business operated at 100% of capacity during its first month and incurred

b. $50,865 The amount of inventory that would be reported on the variable costing balance sheet: = [($180,400 + $229,400 + $261,500) / 19,800] * 1,500 = $50,865

ID: 2531014 • Letter: 2

Question

20) A business operated at 100% of capacity during its first month and incurred the following costs:

If 1,500 units remain unsold at the end of the month, what is the amount of inventory that would be reported on the variable costing balance sheet?

a.$70,811

b.$50,865

c.$58,098

d.$60,000

Production costs (19,800 units): ??? Direct materials $180,400 ??? Direct labor 229,400 ??? Variable factory overhead 261,500 ??? Fixed factory overhead 95,600 $766,900 Operating expenses: ??? Variable operating expenses $120,700 ??? Fixed operating expenses 47,100 167,800

Explanation / Answer

b. $50,865

The amount of inventory that would be reported on the variable costing balance sheet:

= [($180,400 + $229,400 + $261,500) / 19,800] * 1,500

= $50,865

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20) A business operated at 100% of capacity during its first month and incurred

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