McFarlane,Inc There Are No Beginning Inventories

question 99

Multiple Choice

McFarlane,Inc.reports the following information: $\begin{array}{|l|r|l|}\hline \text { Units produced } & 600 &\text { units } \\\hline \text { Units sold } & 410 &\text { units } \\\hline \text { Sales price } & \$ 130 &\text { per unit } \\\hline \text { Direct materials } & { \$25}&\text { per unit } \\\hline \text { Direct labor } & \$ 9 &\text { per unit } \\\hline \text { Variable manufacturing overhead } & { \$16}&\text { per unit } \\\hline \text { Fixed manufacturing overhead } & \$ 18,300 &\text { per year } \\\hline \text { Variable selling and administrative costs } & \$ 5 &\text { per unit } \\\hline \text { Fixed selling and administra } & \$ 12,900 &\text { per year } \\\hline\end{array}$ There are no beginning inventories.What is the ending balance in Finished Goods Inventory using variable costing?

• A)$9500
• B)$6460
• C)$10,450
• D)$15,295

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Definitions:

Political Risk

The potential for losses or other adverse impacts on business activities due to political changes or instability in a country.

Foreign Country

A nation distinct from one's own country, typically referred to in the context of international trade, travel, or relations.

Political Actions

Activities undertaken by individuals, groups, or governments to influence political decisions, policies, or public opinion.

Foreign Bonds

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