Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3 t of 10 ACO GmbH manufactures a single product that had the following cost structure this year: Variable Manufacturing Cost per unit: $114 .

image text in transcribed
3 t of 10 ACO GmbH manufactures a single product that had the following cost structure this year: Variable Manufacturing Cost per unit: $114 . Variable Selling and Administrative cost per unit: $68 Fixed Manufacturing Cost, Total: $3,096,000 Fixed Selling and Administrative Costs, Total: $1,300,000 They sold 17,000 units for $563 each during the year, and produced 23,000 units. What is the ending finished goods inventory under variable costing? uestion Select one: O A. $807,652 less than under absorption costing. O B. $684,000 less than under absorption costing. OC. $747.913 less than under absorption costing. OD. $408,000 greater than under absorption costing. O E $1,491,652 less than under absorption costing

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting Chapters 1-29

Authors: John J. Wild, Vernon J. Richardson, Ken W. Shaw

2nd Edition

0077398173, 978-0077398170

More Books

Students also viewed these Accounting questions

Question

Understand the nature and importance of collective bargaining

Answered: 1 week ago