Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company produces a single product. variable prod

A company produces a single product. Variable production costs are $12.10 per unit and variable...

50.1K

Verified Solution

Question

Accounting

A company produces a single product. Variable production costs are $12.10 per unit and variable selling and administrative expenses are $3.10 per unit. Fixed manufacturing overhead totals $37,000 and fixed selling and administration expenses total $41,000. Assuming a beginning inventory of zero, production of 4,100 units and sales of 3,650 units, the dollar value of the ending inventory under variable costing would be:

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Say that we want to maintain both a Queue and a Priority Queue. This means that...

Programming
Q

41-1/Which of the following changes occurs during defecation? Select one: a. Predominance of segmentation contractions _ b. Contraction...

Medical Sciences
Q

A circular plate having a diameter of 330 mm is held perpendicular to an axisymmetric horizontal...

Civil Engineering
Q

Chipper, a calendar-year corporation, purchased new machinery for $1,135,000 in February 2018. In October, it purchased $2,105,000...

Accounting
Q

In the indole test, the goal is to determine if the bacteria...use indole as a...

Biology
Q

3 8 17 0 0 3 41 8 Question 23 You are a plant breeder...

Biology
Q

Suppose the probability of an event E is 0 20 Consider the process to find...

Statistics
Q

2 The population of a city increases by 6 every year Its population today is...

Algebra
Q

Ferkil Corporation manufacturers a single product that has a selling price of $20.00 per unit....

Accounting
Q

Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made...

Accounting
Q

weekly pay in March, he earned $360.00 for the 40 hours he worked. In addition,...

Accounting
Q

1.Explain the requirement of number of members in a conventional partnership, limited liability partnership and...

Accounting