Xenna Company Manufactures Coffee Tables

question 338

Multiple Choice

Xenna Company manufactures coffee tables. The following data is related to sales and production of the tables for last year.

-Using variable costing, what is the variable cost of goods available for sale at Xenna Company for last month?

• A) $1,532,250
• B) $1,080,000
• C) $1,225,800
• D) $1,350,000

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Definitions:

Income Statement

A financial report that shows the company's revenues, expenses, and profits or losses over a specific period of time.

Inventory Inspection Costs

Expenses associated with the verification and checking of goods in inventory for quality and quantity control.

Income Statement

A financial statement that shows a company’s revenues and expenses over a specific period, culminating in the net income or loss for the period.