Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. zee corporation operated at 100% of capacity durin

Zee Corporation operated at 100% of capacity during its first month and incurred the following...

90.2K

Verified Solution

Question

Accounting

Zee Corporation operated at 100% of capacity during its first month and incurred the following costs: Selling price is $800 per unit. Production costs (2,000 units): Direct materials $180,000 Direct labor 240,000 Variable factory overhead 280,000 Fixed factory overhead 100,000 $800,000 Operating expenses: Variable operating expenses $130,000 Fixed operating expenses 50,000 180,000 If 400 units are sold during the month, what is total cost of goods sold reported under Absorption Costing?

a. $800,000 b. $640,000 c. $140,000 d. $160,000

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

List and give an example of 5 of the 6 indicators of abnormality

Psychology
Q

Discuss the issue of discrimination in the workplace. Fifty years after the Civil Rights Act of...

Economics
Q

S and S are two conducting surfaces Between S and S and inside S is...

Physics
Q

Cool Down Lift Off Shortly after takeoff an airplane is climbing 250 feet for every...

Geometry
Q

Which of the following is the correct way to express 1.37 in scientific notation? 1A.37...

Algebra
Q

Steve Pratt, who is single, purchased a home in Spokane, Washington, for $602,500....

Accounting
Q

rockford corp practice set

Accounting
Q

Check my work o Tanner-UNF Corporation acquired as a long-term investment $300 million of 7%...

Accounting
Q

Youth Villages provides housing and support for at-risk children. The following donations were received by...

Accounting
Q

#1 Check my work Exercise 11-3 Payback period computation; straight-line depreciation LO P1...

Accounting
Q

P9-36B Accounting for uncollectible accounts using the allowance method (aging-of-receivables) and reporting receivables on the...

Accounting
Q

please don't use ai, I will detect it. if it is proven to be used,...

Finance