Marian Industries Inc Under Variable Costing,what Is the Cost of the Finished Goods

question 2

Multiple Choice

Marian Industries Inc.reported the following information about the production and sale of its only product during the first month of operations:
$$\begin{array} { l l } \text {Selling price per unit }&\$100.00\\\text {Sales }&\$100,000\\\text { Direct materials used}&\$ 37,000\\\text {Direct labor }&\$36,000 \\\text {Variable factory overhead}&\$25,000 \\\text {Fixed factory overhead }&\$20,000 \\\text {Variable selling and administrative expenses }&\$2,000 \\\text {Fixed selling and administrative expenses }&\$ 7,500\\\text {Ending inventory, Direct Materials }& 0\\\text {Ending inventory, Work-in-process }& 0\\\text {Ending inventory, Finished Goods }&1,200 \text { units } \\\end{array}$$
Under variable costing,what is the cost of the finished goods ending inventory?

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Definitions:

Expectancies

Beliefs or anticipations about the likelihood of future outcomes, which can influence behavior, motivation, and perceptions.

Classical Conditioning

A learning process that involves creating associations between a naturally occurring stimulus and a previously neutral stimulus.

Conditioned Feeding Responses

Learned responses to food-related stimuli, such as salivation or changes in metabolism, that occur due to classical conditioning.

Unconditional Stimulus

A stimulus that elicits a natural, reflexive response without prior learning or conditioning.