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Waterloo Skyline Experienced the Following Costs in 2014 There Was No Beginning Inventory

question 68

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Waterloo Skyline experienced the following costs in 2014:  Direct materials $3.15 per unit  Direct labor $2.80 per unit  Variable manufacturing overhead $1.45 per unit  Fixed manufacturing overhead $12.60 per unit \begin{array}{lr}\text { Direct materials } & \$ 3.15 \text { per unit } \\\text { Direct labor } & \$ 2.80 \text { per unit } \\\text { Variable manufacturing overhead } & \$ 1.45 \text { per unit } \\\text { Fixed manufacturing overhead } & \$ 12.60 \text { per unit }\end{array} There was no beginning inventory. During the year, the company sold 190,000 units. If net income using full and variable costing was $939,020 and $905,000, respectively, how many units did the company produce in 2014?

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Definitions:

Scores

Quantitative measurements or values, typically resulting from tests or assessments, that represent an individual's performance or achievement.

Variance

A measure of the spread of scores within a set of data, indicating how much the numbers differ from the mean of the data set.

Scores

Refers to the numerical or categorical values obtained from tests, evaluations, or assessments.

Standard Deviation

A statistic that measures the dispersion of a dataset relative to its mean, indicating how spread out the data points are.

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