Refer to Cornerstone Exercise 18.3. Direct materials ......$5.00 Direct labor ......... 3.00 Variable overhead ...... 1.50 Fixed

Question:

Refer to Cornerstone Exercise 18.3.
Direct materials ......$5.00
Direct labor ......... 3.00
Variable overhead ...... 1.50
Fixed overhead*...... 7.00
Variable marketing cost .... 1.20
Required:
1. Calculate the cost of each unit using variable costing.
2. How many units remain in ? What is the cost of using variable costing?
3. Prepare a variable-costing income statement for Pattison Products, Inc., for the month of October.
4. What if November production was 40,000 units, costs were stable, and sales were 41,000 units? What is the cost of ? What is operating income for November? Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...