Question
Companys fiscal year info below Selling price per unit $150 Direct material per unit $75 Direct labor per unit $30 Variable manufacturing overhead per unit
Companys fiscal year info below
Selling price per unit $150
Direct material per unit $75
Direct labor per unit $30
Variable manufacturing overhead per unit $5
Variable selling cost per dollar of sales $0.05
Annual fixed manufacturing overhead $2,750,000
Annual fixed selling expense $1,500,000
Annual fixed administrative expense $900,000
Units produced 250,000
Units sold 230,000
A. what is included with an income statement using full costing.
B. is the only thing not included here is the fixed manufacturing of $2,750,000 when on an income statement using variable costing? Is that the only difference between this and part A ?
C Figure out the amount of fixed manufacturing overhead that will be included in ending inventory under full costing and reconcile it to the difference between income computed under variable and full costing.
I had this laid out and then lost it. :( a break down would be hepful. ) Ty
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