Question :
91. A business operated at 100% of capacity during its first : 1251630
91. A business operated at 100% of capacity during its first month and incurred the following costs:
Production costs (20,000 units):
Direct materials$180,000
Direct labor240,000
Variable factory overhead280,000
Fixed factory overhead 100,000$800,000
Operating expenses:
Variable operating expenses$130,000
Fixed operating expenses 50,000180,000
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. $62,500B. $73,500C. $60,000D. $52,500
92. A business operated at 100% of capacity during its first month and incurred the following costs:
Production costs (10,000 units):
Direct materials$ 80,000
Direct labor120,000
Variable factory overhead140,000
Fixed factory overhead 40,000$380,000
Operating expenses:
Variable operating expenses$ 65,000
Fixed operating expenses 25,00090,000
If 600 units remain unsold at the end of the month, what is the amount of inventory that would be reported on the absorption costing balance sheet? A. $24,300B. $28,200C. $22,800D. $34,000
93. A business operated at 100% of capacity during its first month and incurred the following costs:
Production costs (2,500 units):
Direct materials$42,500
Direct labor85,000
Variable factory overhead47,500
Fixed factory overhead 12,500$187,500
Operating expenses:
Variable operating expenses$15,000
Fixed operating expenses 4,50019,500
If 75 units remain unsold at the end of the month, what is the amount of inventory that would be reported on the absorption costing balance sheet? A. $5,625B. $5,250C. $5,760D. $6,210
94. A business operated at 100% of capacity during its first month and incurred the following costs:
Production costs (10,000 units):
Direct materials$170,000
Direct labor360,000
Variable factory overhead190,000
Fixed factory overhead 50,000$770,000
Operating expenses:
Variable operating expenses$ 60,000
Fixed operating expenses 18,00078,000
If 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. $41,500B. $36,000C. $42,800D. $38,500
95. A business operated at 100% of capacity during its first month and incurred the following costs:
Production costs (10,000 units):
Direct materials$140,000
Direct labor40,000
Variable factory overhead20,000
Fixed factory overhead 4,000$204,000
Operating expenses:
Variable operating expenses$ 34,000
Fixed operating expenses 2,00036,000
If 2,000 units remain unsold at the end of the month and sales total $300,000 for the month, what would be the amount of income from operations reported on the variable costing income statement? A. $100,800B. $100,000C. $114,800D. $140,000
96. A business operated at 100% of capacity during its first month and incurred the following costs:
Production costs (5,000 units):
Direct materials$70,000
Direct labor20,000
Variable factory overhead10,000
Fixed factory overhead 2,000$102,000
Operating expenses:
Variable operating expenses$17,000
Fixed operating expenses 1,00018,000
If 1,000 units remain unsold at the end of the month and sales total $150,000 for the month, what would be the amount of income from operations reported on the absorption costing income statement? A. $50,400B. $70,000C. $52,000D. $68,400
97. A business operated at 100% of capacity during its first month and incurred the following costs:
Production costs (10,000 units):
Direct materials$140,000
Direct labor40,000
Variable factory overhead20,000
Fixed factory overhead 4,000$204,000
Operating expenses:
Variable operating expenses$ 34,000
Fixed operating expenses 2,00036,000
If 2,000 units remain unsold at the end of the month and sales total $300,000 for the month, what is the amount of the manufacturing margin that would be reported on the variable costing income statement? A. $104,000B. $106,000C. $140,000D. $114,800
98. A business operated at 100% of capacity during its first month and incurred the following costs:
Production costs (5,000 units):
Direct materials$70,000
Direct labor20,000
Variable factory overhead10,000
Fixed factory overhead 2,000$102,000
Operating expenses:
Variable operating expenses$17,000
Fixed operating expenses 1,00018,000
If 1,000 units remain unsold at the end of the month and sales total $150,000 for the month, what is the amount of the manufacturing margin that would be reported on the absorption costing income statement? A. $50,000B. $54,000C. not reportedD. $70,000
99. A business operated at 100% of capacity during its first month and incurred the following costs:
Production costs (5,000 units):
Direct materials$70,000
Direct labor20,000
Variable factory overhead10,000
Fixed factory overhead 2,000$102,000
Operating expenses:
Variable operating expenses$17,000
Fixed operating expenses 1,00018,000
If 1,000 units remain unsold at the end of the month and sales total $150,000 for the month, what is the amount of the contribution margin that would be reported on the variable costing income statement? A. $51,400B. $52,000C. $54,000D. $53,000
100. A business operated at 100% of capacity during its first month, with the following results:
Sales (160 units) $160,000
Production costs (200 units):
Direct materials$100,000
Direct labor20,000
Variable factory overhead10,000
Fixed factory overhead 4,000134,000
Operating expenses:
Variable operating expenses$ 12,000
Fixed operating expenses 2,00014,000
What is the amount of the manufacturing margin that would be reported on the variable costing income statement? A. $30,000B. $38,000C. $56,000D. $44,000
