10) I could really use some help with this one, thank you! Alpha Company provides the following...
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10) I could really use some help with this one, thank you!
Alpha Company provides the following information for their first year of operations in 2016:
Sales, 5,000 units @ $10 each
Total production, 7,500 units
Selling and administrative costs:
Fixed$1,000
Variable$1 per unit
Production costs per unit:
Direct materials$2.00
Direct labor$2.00
Variable overhead$1.00
Fixed manufacturing overhead$7,500
Alpha Company uses absorption costing. Use this information to determine for Alpha Company the FY 2016: (Round & enter final answers to: the nearest whole dollar for total dollar answers, nearest penny for unit costs or nearest whole number for units)
1. Cost of Goods Sold
2. Net Income
3. Cost of Ending Inventory
Posted Date: