File Edit @, as 50%. Sat 5:27PM Q 0 =_ l} l n- " H V" ' V " eztomheducationcom C ' 7' H V I ' in m' d safari View History Bookmarks VWJE Screen F Week 6 Exercises 0 Saved Help Save G Exit Submit 2021-10l..4F Exercise 8-21 Absorption and Variable Costing (L0 8-1) 8.33 Information taken from Tuscarora Paper Company's records for the most recent year is as follows: points Direct material used $277,000 eBook Direct labor 132,000 Variable manufacturing overhead 65,000 Prim Fixed manufacturing overhead 105,000 Variable selling and administrative costs 60,000 References Fixed selling and administrative costs 32,100 Required: 1. Assuming Tuscarora Paper Company uses variable costing, compute the inventoriable costs for the year. 2. Compute the year's inventoriable costs using absorption costing. Variable costing 2. Absorption costing 6 Safari File Edit View History Bookmarks Windwgirmg? @, a? soy... Sat 5:27PM Q 0 =_ E\" i ii rr l ' ' H ' ' eztomheducationcom C L" V ' ' 4'\" V ' Scree E Week 6 Exercises 0 Saved Help Save G Exit Submit 2021-101..4F 3 Exercise 8-22 Absorption and Variable Costing (LO 8-1, 8-4) Easton Pump Company's planned production for the yearjust ended was 18,500 units. This production level was achieved, and 21,200 8.33 units were sold. Other data follow: palms Direct material used $553,150 Direct labor incurred 290,450 Fixed manufacturing overhead 384,800 Variable manufacturing overhead 199,800 eBook Fixed selling and administrative expenses 323,750 Variable selling and administrative expenses 106,375 Print Finished-goods inventory, January 1 3,400 units References The cost per unit remained the same in the current year as in the previous year. There were no work-in-process inventories at the beginning or end of the year. Required: 1. What would be Easton Pump Company's nished-goods inventory cost on December 31 under the variable-costing method? (Do not round Intermediate calculations.) 2-a. Which costing method, absorption or variable costing, would show a higher operating income for the year? 2-b. By what amount? (Do not round Intermediate calculations.) Finished-goods inventory oost 2-a. Higher operating income method 2-b. Difference in reported income