17.Preparing for my upcoming mid-term using these practice problems. Would be grateful if one could help. Course: Managerial Accounting

Acme Corporation has provided the following data for its most recent year of operation: Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials S 11 Direct labor S 7 Variable manufacturing overhead S 5 Fixed manufacturing overhead per year S 308,000 Selling and administrative expenses: Variable selling and administrative expense per unit sold S 5 Fixed selling and administrative expense per year $ 81,000 Units in beginning inventory Units produced during the year Units sold during the year Units in ending inventory Which of the following statements is true? 0 11,000 9,000 2,000 Answers A-D A The amount of fixed Manufacturing overhead deferred in inventories is $459,000 O B The amount of fixed Manufacturing overhead released from inventories is $459,000 O The amount of fixed Manufacturing overhead released from inventories is $56,000 O D The amount of fixed Manufacturing overhead deferred in inventories is $56,000 O