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c.) Under absorption costing, what is the cost of goods sold? d.) Under variable costing, what is the cost of goods sold? e.) Under absorption
c.) Under absorption costing, what is the cost of goods sold? d.) Under variable costing, what is the cost of goods sold? e.) Under absorption costing, what is the operating income? f.) Under variable costing, what is the operating income? g.) Reconcile the difference in operating income under absorption costing versus variable costing.
The following data was prepared by the Crane Company Total Variable Fixed Sales price Direct materials used Direct labor Manufacturing overhead Selling and administrative expense Units manufactured Beginning Finished Goods Inventory Ending Finished Goods Inventory $20/unit $78,800 $90,000 $124.960 $20.900 28,800 units 17.500 units 8.000 units $15,520 $12.900 $109.440 $8.000 (a) Your answer is correct Under absorption costing, what is the unit product cost? (Round answer to 2 decimo $ Unit product cost 102 e Textbook and Media (b) Your answer is correct Under variable costine. what is the unit product cost? (Roundato 2 decimal Unit product cost Under variable costing, what is the unit product cost? (Round answer to Unit product cost $ 6.4 e Textbook and Media (c) X Your answer is incorrect Under absorption costing, what is the cost of goods sold? (Round cost per decimal place, eg 2 152) $ 131580 Cost of goods soldStep by Step Solution
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