Hanufacturing costs Variable manufacturing cost per unit produceds Direct nateri

Question

Hanufacturing costs Variable manufacturing cost per unit produceds Direct naterials Direct Labor Variable manufacturing overhead Fixed manufacturing overhead per year $308,000 Selling and administrative expensess Variable selling and administrative expense per unit sold Pixed selling and administrative expense per year $ 81,000 Units in beginning inventory Units produced during the year 11,000 Units sold during the year Onits in ending inventory 9,000 2,000 Which of the following statements is true? Multiple Choice The amount of fixed manufacturing overheed releesed from inventories is $459,000 The amount of fixed manufacturing overhead deferred in inventories is $56,000 The amount of fxed manufecturing overhead released from inventories is $56,000 The amount of fixed manufacturing overhead deferred in inventories is $459,000

Explanation / Answer

Fixed manufacturing overhead per unit is = Fixed manufacturing overhead/No of units produced

Fixed manufacturing overhead per unit is = (308000/11000)

Fixed manufacturing overhead per unit is = 28 Per Unit

Closing Inventory is 2,000 units

Fixed manufacturing overhead deffered in inventory is = 2000 units * 28 per unit = $ 56,000 /-

Fixed manufacturing overhead deffered in inventory is = $ 56,000 /-

Answer is Optiob b)

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