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David Company operating result under absorption costing below: 2019 Sales.......... $ 270,000 180,000 $ 90,000 38,000 Cost of goods sold (variable and fixed) Gross profit.......
David Company operating result under absorption costing below: 2019 Sales.......... $ 270,000 180,000 $ 90,000 38,000 Cost of goods sold (variable and fixed) Gross profit....... Selling and Administrative expenses (variable and fixed) Net operating income.......... Production and operating activities shown as follows: 2019 $52,000 2020 O units ? Beginning inventory....... Production...... 20,000 units 30,000 units 18,000 units 23,000 units Sales......... The company's selling and variable cost per unit remained constant from year to year. The Company has a total fixed manufacturing overhead of $60,000 and fixed selling and administrative expenses of $20,000 per year. Company uses first-in first-out (FIFO) inventory method. Answer the following from the David Company financial data given above. (Do NOT use "comma or dollar signs in your answers). The company's selling and variable cost per unit remained constant from year to year. The Company has a total fixed manufacturing overhead of $60,000 and fixed selling and administrative expenses of $20,000 per year. Company uses first-in first-out (FIFO) inventory method. Answer the following from the David Company financial data given above. (Do NOT use "comma" or "dollar signs in your answers). Determine the amount of the following for year 2020 Answer 1. Unit product cost under variable costing. 2. Unit product cost under absorption costing. 3 3. Total cost of goods manufactured under absorption costing 4. Total variable cost of goods sold. 5. Variable selling and administrative expenses per unit. 6. Total variable expenses (manufacturing & non-manufacturing). 7. Cost of beginning finished goods inventory under absorption costing. 8. Company's net operating income under variable costing. 9. Fixed manufacturing overhead cost deferred in the ending inventory. 27000 10. Company's net operating income under absorption costing
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