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Sergio039 [100]
3 years ago
8

A company produces a single product. Variable production costs are $12.50 per unit and variable selling and administrative expen

ses are $3.50 per unit. Fixed manufacturing overhead totals $41,000 and fixed selling and administration expenses total $45,000. Assuming a beginning inventory of zero, production of 4,500 units and sales of 3,850 units, the dollar value of the ending inventory under variable costing would be:
Business
1 answer:
wlad13 [49]3 years ago
8 0

Answer:

value of ending inventory under variable production is $104375

Explanation:

given data

Variable production costs = $12.50 per unit

variable selling and administrative expenses = $3.50 per unit

Fixed manufacturing overhead totals = $41,000

Fixed selling and administration expenses total = $45,000

production = 4,500 units

sales = 3,850 units

to find out

the dollar value of the ending inventory under variable costing would be

solution

we find here ending inventory that is express as

ending inventory = production - sale

ending inventory = 4500 - 3850

ending inventory = 8350

so

variable production cost of 8350 units are

variable production cost = 8350 × $12.50

variable production cost = $104375

so value of ending inventory under variable production is $104375

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The long-term debt was disclosed as a current liability on the current year's December 31 balance sheet $4,096.

<u>Given Data provided in the question:</u>

                                          <u> Current Year</u>             <u>Preceding Year</u>

Total long term-debt         <u>   $27,917</u>                       <u>$26,557  </u>

Current portion                      <u>(</u><u>4,096)</u>                          <u>(2,224)</u>

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