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Question
Prepare a April 30 balance sheet in proper form for Two Rivers Vending Service, Inc. from the following alphabetical list of the accounts at April 30:| Accounts receivable"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6. | $10,000 |
| Accounts payable"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6.. | 18,000 |
| Building"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6.... | 28,000 |
| Cash"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6."u00a6"u00a6"u00a6"u00a6"u00a6.... | 10,000 |
| Notes payable"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6. | 47,000 |
| Office equipment"u00a6"u00a6"u00a6"u00a6"u00a6..."u00a6"u00a6"u00a6"u00a6"u00a6.. | 12,000 |
| Stockholders' equity"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6. | ? |
| Trucks"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6.. | 55,000 |
Answer
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Variable manufacturing overhead
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Q:
A company reports the following information for its first year of operations:
Units produced this year ? units
Units sold this year 1,500 units
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Variable overhead $7 per unit
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A. 4,000 units.
B. 3,600 units.
C. 1,846 units.
D. 2,667 units.
E. 2,000 units.