A Business Operated at 100% of Capacity During Its First

question 99

Multiple Choice

A business operated at 100% of capacity during its first month and incurred the following costs: If 1,500 units remain unsold at the end of the month, what is the amount of inventory that would be reported on the variable costing balance sheet?

• A)$62,500
• B)$73,500
• C)$60,000
• D)$52,500

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Definitions:

Commonwealth

A political community founded for the common good, often used to describe a group of sovereign states connected by a common history or purpose, such as the Commonwealth of Nations.

The Philippines

A Southeast Asian country in the Western Pacific, comprising more than 7,000 islands.

United States

A country in North America comprising 50 states, known for its significant influence on global politics, economy, and culture.

Race

A social construct used to categorize and differentiate human populations based on physical characteristics, often entwined with historical, cultural, and political factors.