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21. Question Content Area A business operated at 100% of capacity during...

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Accounting

21.

  1. Question Content Area

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

    Production costs (19,800 units):
    Direct materials $178,700
    Direct labor 221,100
    Variable factory overhead 253,400
    Fixed factory overhead 99,700 $752,900
    Operating expenses:
    Variable operating expenses $130,500
    Fixed operating expenses 40,900 171,400

    If 1,600 units remain unsold at the end of the month, the amount of inventory that would be reported on the variable costing balance sheet is

    a.$63,329

    b.$74,691

    c.$52,800

    d.$60,840

22.

  1. Question Content Area

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

    Production costs (19,500 units):
    Direct materials $176,500
    Direct labor 221,700
    Variable factory overhead 249,000
    Fixed factory overhead 100,700 $747,900
    Operating expenses:
    Variable operating expenses $126,500
    Fixed operating expenses 46,000 172,500

    If 1,600 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.$53,104

    b.$61,360

    c.$63,483

    d.$75,520

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