A business operated at 100% of capacity during its first month and incurred the following...
60.1K
Verified Solution
Link Copied!
Question
Accounting
A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (19,100 units): Direct materials $172,200 222,700 Direct labor Variable factory overhead 257,900 Fixed factory overhead 93,400 $746,200 Operating expenses: Variable operating expenses $135,000 Fixed operating expenses 49,100 184,100 If 1,700 units remain unsold at the end of the month and sales total $1,185,000 for the month, what would be the amount of income from operations reported on the absorption costing income statement? a. $321,116 b. $66,416 c. $58,103 d. $312,803
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
