Cutterski Corporation manufactures a propeller. Shown below is Cutterski's cost structure: Variable cost per propeller Total fixed
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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 60,000 propellers but only sold 54,000.
What would Cutterski report as its cost of goods sold under absorption costing?
$81,000
$108,000
$81,000
$108,000
Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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