Strait Co. manufactures office furniture. During the most productive month of the year, 3,600 desks were...

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Strait Co. manufactures office furniture. During the most productive month of the year, 3,600 desks were manufactured at a total cost of $85,000. In the month of lowest production, the company made 1,190 desks at a cost of $57,900. Using the high-low method of cost estimation, total fixed costs are Oa. $85,000 Ob. $44,536 Oc. $27,100 Od. $57,900 A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (18,100 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead Operating expenses: Oa. $66,891 Ob. $262,265 $183,400 227,500 255,100 90,700 $756,700 Variable operating expenses Fixed operating expenses 48,300 176,000 If 1,600 units remain unsold at the end of the month and sales total $1,136,000 for the month, what would be the amount of income from operations reported on the variable costing income statement? Oc. $82,449 Od. $58,873 $127,700 A business operated at 100% of capacity during its first month, with the following results: Sales (102 units) $591,600 Production costs (128 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead $80,253 20,490 35,858 34,151 170,752 Operating expenses: Variable operating expenses 10,418 Fixed operating expenses The amount of gross profit that would be reported on the absorption costing income statement is Oa. $591,472 Ob. $455,532 Oc. $449,400 Od. $445,114 $6,132 4,286 Strait Co. manufactures office furniture. During the most productive month of the year, 3,600 desks were manufactured at a total cost of $85,000. In the month of lowest production, the company made 1,190 desks at a cost of $57,900. Using the high-low method of cost estimation, total fixed costs are Oa. $85,000 Ob. $44,536 Oc. $27,100 Od. $57,900 A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (18,100 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead Operating expenses: Oa. $66,891 Ob. $262,265 $183,400 227,500 255,100 90,700 $756,700 Variable operating expenses Fixed operating expenses 48,300 176,000 If 1,600 units remain unsold at the end of the month and sales total $1,136,000 for the month, what would be the amount of income from operations reported on the variable costing income statement? Oc. $82,449 Od. $58,873 $127,700 A business operated at 100% of capacity during its first month, with the following results: Sales (102 units) $591,600 Production costs (128 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead $80,253 20,490 35,858 34,151 170,752 Operating expenses: Variable operating expenses 10,418 Fixed operating expenses The amount of gross profit that would be reported on the absorption costing income statement is Oa. $591,472 Ob. $455,532 Oc. $449,400 Od. $445,114 $6,132 4,286

Answer rating: 100% (QA)

ANSWER 1Ob 44536 2Od 58873 3Oc 449400 CALCULATION 1 Highlow method Total cost 85000 Number of un... View the full answer