Homework Answers
Answer: The correct answer is D i.e. $2,320
Variable Costing for the cost of One Unit = Direct Material +
Direct Labor + Variable Manufacturing Overhead
Variable Costing for the Cost of one Unit = $11 + $29 + $18
Variable Costing for the Cost of one Unit = $58
Units left in Ending Inventory = Units Produced – Unit
Sold
Units left in Ending Inventory = 480 – 440
Units left in Ending Inventory = 40
Ending Balance in Finished Goods Inventory = Units in Ending
Inventory * Variable Costing for the cost of one unit
Ending Balance in Finished Goods Inventory = 40 * $58
Ending Balance in Finished Goods Inventory =
$2,320
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