Solved

A Business Operated at 100% of Capacity During Its First

Question 10

Multiple Choice

A business operated at 100% of capacity during its first month and incurred the following costs: A business operated at 100% of capacity during its first month and incurred the following costs: If 2,000 units remain unsold at the end of the month and sales total $300,000 for the month, what would be the amount of income from operations reported on the variable costing income statement? A) $100,800 B) $100,000 C) $114,800 D) $140,000
If 2,000 units remain unsold at the end of the month and sales total $300,000 for the month, what would be the amount of income from operations reported on the variable costing income statement?


A) $100,800
B) $100,000
C) $114,800
D) $140,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q4: The contribution margin ratio is computed as<br>A)sales

Q5: The absorption costing income statement does not

Q16: The amount of income under absorption costing

Q30: In contribution margin analysis,the quantity factor is

Q45: What term is commonly used to describe

Q65: On the variable costing income statement, variable

Q67: Another name for variable costing is<br>A)indirect costing<br>B)process

Q81: The amount of income under absorption costing

Q120: Management will use both variable and absorption

Q134: On the variable costing income statement,the figure