Miller Co. started operations on January 1, 20x8. Data for the first year of operations is...
Miller Co. started operations on January 1, 20x8. Data for the first year of operations is as follows:
|
20x8 |
||
|
Production (units) |
74604 |
|
|
Sales (units) |
57377 |
|
|
Selling price |
$80 |
|
|
Variable costs |
||
|
Production |
54 |
|
|
Selling and administrative |
11 |
|
|
Fixed costs |
||
|
Production |
901663 |
|
|
Selling and administrative |
515727 |
|
What is cost of goods sold for 20x8 if variable costing is
used?
Select one:
a. $2168100
b. $3098358
c. $3791816
d. $3729505
Homework Answers
| Answer |
| The correct option is B : $ 30,98,358 |
| Explanation |
| In variable costing |
| Cost of goods sold per unit = $ 54 |
| Total units sold = 57377 |
| Total cost of goods sold = 57377 x 54 = $30,98,358 |
| Therefore, |
| The option B is correct |
| Please like |
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