Last year, Orsen Company produced 25,000 juicers and sold 26,500 juicers for $60 each. The actual...

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Last year, Orsen Company produced 25,000 juicers and sold 26,500 juicers for $60 each. The actual variable unit cost is as follows: Direct materials Direct labor Variable overhead Variable selling expense Total unit variable cost S16.00 5.30 2.90 2.40 $26.60 Fixed overhead was $320,000. Fixed selling expenses consisted of advertising copayments totaling $110,000. Fixed administrative expenses were $236,000. There were no beginning and ending work-in-process inventories. Beginning finished goods inventory was $148,000 for 4,000 juicers. The value of ending inventory reported on the financial statements was a. $55,500 b. $92,500 e $66,500 d. $39,900 Refer to the information in 2.24. The gross margin percentage for last year was a. 12.57% b. 55.67% C. 28.95% d. 38.33% Last year, Orsen Company produced 25,000 juicers and sold 26,500 juicers for $60 each. The actual variable unit cost is as follows: Direct materials Direct labor Variable overhead Variable selling expense Total unit variable cost S16.00 5.30 2.90 2.40 $26.60 Fixed overhead was $320,000. Fixed selling expenses consisted of advertising copayments totaling $110,000. Fixed administrative expenses were $236,000. There were no beginning and ending work-in-process inventories. Beginning finished goods inventory was $148,000 for 4,000 juicers. The value of ending inventory reported on the financial statements was a. $55,500 b. $92,500 e $66,500 d. $39,900 Refer to the information in 2.24. The gross margin percentage for last year was a. 12.57% b. 55.67% C. 28.95% d. 38.33%

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Answer Option B 92500 Explanation Direct Materials 25000 Units x 16 400000 Direct L... View the full answer