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(Chapter 9) For 2017, Rockford, Inc., had sales of 150,000 units and production of 200,000 units. Other information for the year included: Direct manufacturing labor
(Chapter 9) For 2017, Rockford, Inc., had sales of 150,000 units and production of 200,000 units. Other information for the year included: Direct manufacturing labor Variable manufacturing overhead Direct materials Variable selling expenses Fixed administrative expenses $197,500 $100,000 $160,000 $100,000 $100,000 $250,000 Fixed manufacturing overhead There was no beginning inventory. Any production volume variance is written off to cost of goods sold. Compute the (absolute) difference in ending inventory under absorption costing versus variable costing
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