https://n connect.html Problems: Variable Costing 0/0 Total points awarded Help

Question

https://n connect.html Problems: Variable Costing 0/0 Total points awarded Help Krepps Corporation produces a single product. Last year, Krepps manufactured 33,910 units and sold 28100 units. Production costs for the year were as follows Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead $247,543 176,332 $284,844 $474,740 arded Sales totaled $1,405,000 for the year, variable selling and administrative expenses totaled $148,930, and fixed selling and administrative expenses totaled $247,543. There was no beginning inventory. Assume that direct labor is a variatle cost. Under absorption costing, the ending inventory for the year would be valued at Multiple Choice $202769 $264.269 ?Pray IO of 15 Ill Next > ows ppta CHIM 111 Exam . at Presentation 101pat Bright Purple s.prProtect.pdr

Explanation / Answer

The value ofending inventory = (247543+176332+284844+474740)/33910*5810 = $202769

Note - Variable selling & administrative overheads as well as fixed selling &admin overheads will not form part of the inventory value.

Looking forward to your upvote.

Related Questions

Navigate

• Browse (All)
• Browse H
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.