Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cheng Company reports the following data: (Click on the icon to view the finished goods inventory.) (Click on the icon to view manufacturing costs.) Calculate

Cheng Company reports the following data: (Click on the icon to view the finished goods inventory.) (Click on the icon to view manufacturing costs.) Calculate the product cost per unit and the total cost of the 2,500 units in ending inventory using absorption costing and variable costing. Calculate the cost per unit using absorption costing and variable costing. (If an input field is not used in the table leave Data table Absorption Costing Variable Costing Finished Goods Inventory: Variable manufacturing costs 61 61 Beginning balance, in units 300 Fixed manufacturing overhead 11 Units produced 3,300 61 72 Total product cost per unit Units sold (1,100) Calculate the total cost of the 2,500 units in ending inventory using absorption costing. The total cost of the 2,500 units in ending inventory using absorption costing is Calculate the total cost of the 2,500 units in ending inventory using variable costing. The total cost of the 2,500 units in ending inventory using variable costing is Ending balance, in units 2,500 152500 Print Done 180000 Data table Manufacturing Costs: Variable manufacturing costs per unit $ 61 Total fixed manufacturing costs 36,300 Print Done - X

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

Introduction To Financial Accounting Exercises And Problems

Authors: Henry Dauderis, David Annand, Lyryx Learning, Athabasca University

1st Edition

1545056668, 978-1545056660

More Books

Students also viewed these Accounting questions