Groovelex Inc

question 36

Multiple Choice

Groovelex Inc.reports the following information for the year ended December 31,2014:
-The operating profit calculated using variable costing and absorption costing amounted to $9,270 and $11,250,respectively.There were no beginning inventories.Determine the total fixed manufacturing overhead that will be expensed under variable costing for the year 2014.

• A)$10,230
• B)$8,250
• C)$20,750
• D)$25,000

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