McFarlane,Inc There Are No Beginning Inventories

question 186

Multiple Choice

McFarlane,Inc.reports the following information: $$\begin{array} { | l | r | c | } \hline \text { Units produced } & 590 & \text { units } \\\hline \text { Units sold } & 490 & \text { units } \\\hline \text { Sales price } & \$ 120 & \text { per unit } \\\hline \text { Direct materials } & \$ 26 & \text { per unit } \\\hline \text { Direct labor } & \$ 9 & \text { per unit } \\\hline \text { Variable manufacturing overhead } & \$ 14 & \text { per unit } \\\hline \text { Fixed manufacturing overhead } & \$ 16,500 & \text { per year } \\\hline \text { Variable selling and administrative costs } & \$ 6 & \text { per unit } \\\hline \text { Fixed selling and administrative costs } & \$ 12,200 & \text { per year } \\\hline\end{array}$$ There are no beginning inventories.What is the ending balance in Finished Goods Inventory using variable costing?

• A) $4900
• B) $3500
• C) $5500
• D) $7697

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Definitions:

Faking Good

The act of deceitfully portraying oneself in a more favorable light, particularly on psychological tests and job interviews.

Slight Image Creation

A small amount of positive self-presentation during a job search.

Organizational Citizenship Behavior

Voluntary and discretionary behaviors not directly or explicitly recognized by the formal reward system that promote the effective functioning of the organization.

Amotivation

A state of no motivation.