blachaze46591 blachaze46591

25-02-2022
Business

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The Quaint Quilt produces and sells handmade quilts. Variable manufacturing costs total $140 per quilt. Fixed manufacturing overhead totals $68,250 per quarter. Variable selling and administrative costs are $19 per quilt sold, and fixed selling and administrative costs are $50,000 per quarter. Last quarter, the company produced 910 quilts and sold 780 quilts. The total variable cost reported on Quaint Quilt's variable costing income statement is ______. Multiple choice question. $144,690 $109,200 $124,020 $167,700

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ewomazinoade ewomazinoade

01-03-2022

The total variable cost reported on Quaint Quilt's variable costing income statement is $24,020.

What are the variable costs?

Variable costs are the costs that changes with the level of output. It increases when output increases and decreases when output decreases. An example of variable cost is the cost of raw materials.

Variable cost reported on the income statement = ($140 + $19) x 780 = $24,020

To learn more about variable cost, please check: https://brainly.com/question/26502221

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