question archive Cutterski Corporation manufactures a propeller

Cutterski Corporation manufactures a propeller

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Cutterski Corporation manufactures a propeller. Shown below is Cutterski's cost structure:

  Variable cost per propeller Total fixed cost for the year
Manufacturing cost $115 $748,800
Selling and administrative expense $21 $174,800
 


In its first year of operations, Cutterski produced 93,600 propellers but only sold 87,400.

What would Cutterski report as its cost of goods sold under absorption costing?

$10,051,000

$10,750,200

$12,760,400

$11,684,600

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