Question
Fill up the blanks with the right answer . The Jarvis company sells its razors at $6 per unit.The company incurs fixed manufacturing overhead cost
Fill up the blanks with the right answer. The Jarvis company sells its razors at $6 per unit.The company incurs fixed manufacturing overhead cost of $650,000 each year to support production of 1,300,000 so that the fixed manufacturing overhead cost per unit equals 0.50. The following data are related to its first 2 years of operation, all numbers are in thousands:
2012 2013
sales 1,100 units 1,200 units
production 1,300 units 1,100 units
cost
variable manufacturing $650 $550
fixed manufacturing 650 650
variable operating(marketing) 1,100 1,200
fixed operating marketing 700 700
2012 2013
operating income under obsorption costing ____________ ____________
operating income under variable costing _____________ ____________
differences in operating income under absorption vs variable cost ____ __________ ____________
fixed manufaturing costs in ending inventory _____________ _____________
fixed manufaturing costs in beginning inventory _____________ _____________
change in fixed manufacturing costs between ending and beginning inventory __________ ____________
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