A business operated at 100% of capacity during its first mon…
A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (19,300 units): Direct materials $178,400 Direct labor 234,500 Variable factory overhead 243,500 Fixed factory overhead 103,700 $760,100 Operating expenses: Variable operating expenses $127,400 Fixed operating expenses 43,300 170,700 If 1,900 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? Do not round intermediary calculations.
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