Fort Smith Technologies incurred the following costs during the past year when planned production and actual production
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Question:
Direct material used | $ | 340,000 | |
Direct labor | 180,000 | ||
Variable manufacturing overhead | 220,000 | ||
Fixed manufacturing overhead | 130,000 | ||
Variable selling and administrative cost | 65,000 | ||
Fixed selling and administrative cost | 80,000 | ||
If Fort Smith uses absorption costing, the total inventoriable costs for the year would be:
Multiple Choice
$520,000.
$870,000.
$805,000.
$585,000.
$740,000.
Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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