{"id":155906,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/the-cost-of-goods-sold-under-variable-costing-is"},"modified":"2017-08-17T18:32:21","modified_gmt":"2017-08-17T18:32:21","slug":"the-cost-of-goods-sold-under-variable-costing-is","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/the-cost-of-goods-sold-under-variable-costing-is\/","title":{"rendered":"The cost of goods sold under variable costing is"},"content":{"rendered":"<p><a class=\"cost-goods-sold-variable-costing\/\"><\/a> <\/p>\n<p>1. Information about the production and sales of its only product during its first month of operations:<\/p>\n<p>Sales ($225 per unit) $405,000<br \/> Direct materials used $176,000<br \/> Direct labor $100,000<br \/> Variable factory overhead $44,000<br \/> Fixed factory overhead $80,000<br \/> Variable selling and administrative expenses $20,000<br \/> Fixed selling and administrative expenses $10,000<\/p>\n<p>Ending inventories:<\/p>\n<p>Direct materials -0-<br \/> WIP -0-<br \/> Finished goods 200 units<\/p>\n<p>The cost of goods sold under variable costing is_____.<\/p>\n<p>a. $320,000<br \/> b. $360,000<br \/> c. $288,000<br \/> d. $272,000<\/p>\n<p>2. Company\u2019s overhead cost information is given below:<\/p>\n<p>Standard applied overhead $210,000<\/p>\n<p>Budgeted overhead based on standard machine hours allowed $230,000<\/p>\n<p>Budgeted overhead based on actual machine hours used $215,000<\/p>\n<p>Actual overhead $200,000<\/p>\n<p>a. Compute the total overhead variance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>1. Information about the production and sales of its only product during its first month of operations: Sales ($225 per unit) $405,000 Direct materials used $176,000 Direct labor $100,000 Variable factory overhead $44,000 Fixed factory overhead $80,000 Variable selling and <a href=\"https:\/\/www.benedictsol.com\/blogs\/the-cost-of-goods-sold-under-variable-costing-is\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-155906","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/155906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=155906"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/155906\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=155906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=155906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=155906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}