Answer:
Option 3rd is correct. i.e $560,000.
| Inventoriable Cost- Under Variable costing | |
| Particulars | Amount($) |
| Direct Material Used | 2,80,000 |
| Direct Labour | 1,20,000 |
| Variable Manufacturing Overheads | 1,60,000 |
| Total Inventoriable Cost | 5,60,000 |
Indiana Company incurred the following costs during the past year when planned production and actual production...
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