Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Arianell, Inc. reports the following information for August: Sales Revenue Variable Cost of Goods Sold Fixed Cost of Goods Sold Variable Selling and Administrative Costs

image text in transcribed
image text in transcribed
Arianell, Inc. reports the following information for August: Sales Revenue Variable Cost of Goods Sold Fixed Cost of Goods Sold Variable Selling and Administrative Costs Fixed Selling and Administrative Costs $800,000 110,000 45,000 100,000 70,000 Calculate the gross profit for August using absorption costing. O A. $645,000 OB. $700,000 O c. $690,000 O D. $730,000 Last year, Adara Company produced 5,000 units and sold 3,000 units. The company had no beginning inventory. They incurred the following costs $13 57 Direct materials per unit Direct labor per unit Variable overhead per unit Total fixed manufacturing overhead Total selling and administrative $20,000 $70,000 Adara's product cost per unit under absorption costing is O A. $42 OB. $24 O C. $28 OD. $31

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_2

Step: 3

blur-text-image_3

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

Principles Of Islamic Accounting

Authors: Nabil Baydoun, Maliah Sulaiman, Roger J. Willett, Shahul Ibrahim

1st Edition

1119023297, 9781119023296

More Books

Students also viewed these Accounting questions

Question

What is an (a) overfit model? (b) underfit model?

Answered: 1 week ago