A Company Has the Following Information for the Current Month

question 84

Multiple Choice

A company has the following information for the current month of operations: $\begin{array}{lr}\text { Raw materials used } & \$ 37,500 \\\text { Sales } \$ 97.50 \text { per unit) } & \$ 117,000 \\\text { Direct labor } & \$ 63,000 \\\text { Variable factory overhead } & \$ 25,500 \\\text { Fixed factory overhead } & \text { unknown } \\\text { Variable selling and administrative } & \$ 4,500 \\\text { Fixed selling and administrative } & \$ 7,500 \\\text { Gross profit } & \$ 45,000 \\\text { Contribution margin } & \text { unknown }\\\\\text { Inventories: }&\text { Beginning}&\text { Ending }\\\text { Raw materials } & 0 & \$ 10,500 \\\text { WIP } & 0 & \text { none } \\\text { Finished goods } & 0 & 1,200\text { units }\end{array}$ The ending inventory under variable costing is_____.

• A)$72,000
• B)$126,000
• C)$63,000
• D)$144,000

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Definitions:

Sexuality

The capacity for sexual feelings and the way individuals express themselves sexually.

Webrooming

The practice of examining products online and then buying them in a store.

Immediate Possession

The right or condition of having or receiving something without delay or without any intervening time.

Online Consumers

Individuals or entities that purchase goods or services over the internet.