Dolhun Industries Inc Under Variable Costing,the Variable Manufacturing Cost of Goods Sold Is

question 3

Multiple Choice

Dolhun Industries Inc.reported the following information about the production and sale of its only product during the first month of operations:
$$\begin{array} { l l } \text {Selling price per unit }&\$ 65\\\text {Sales }&\$78,000\\\text { Direct materials used}&\$ 25,000\\\text {Direct labor }&\$35,000 \\\text {Variable factory overhead}&\$15,000 \\\text {Fixed factory overhead }&\$10,000 \\\text {Variable selling and administrative expenses }&\$3,000 \\\text {Fixed selling and administrative expenses }&\$ 5,000\\\text {Ending inventory, Direct Materials }& 0\\\text {Ending inventory, Work-in-process }& 0\\\text {Ending inventory, Finished Goods }&1,200 \text { units } \\\end{array}$$
Under variable costing,the variable manufacturing cost of goods sold is ________.

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Definitions:

Invisible Hand

A concept introduced by Adam Smith to describe the self-regulating nature of the market economy driven by individuals' pursuit of their own self-interest.

Government Involvement

The extent to which the government intervenes in the economy, which can range from regulation and tax policy to direct control or ownership of businesses.

Self-Interest

The driving force in economics that motivates individuals to pursue their own objectives and desires, often leading to economic activity and exchanges.

Private Enterprise

Businesses or economic activities owned and managed by individual private owners rather than by the state.