Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Freeman Corporation manufactures a single product that had the following cost structure this year: Variable Manufacturing Cost per unit: $67 Variable Selling and Administrative cost

image text in transcribed

Freeman Corporation manufactures a single product that had the following cost structure this year: Variable Manufacturing Cost per unit: $67 Variable Selling and Administrative cost per unit: $36 Fixed Manufacturing Cost, Total: $4,667,000 Fixed Selling and Administrative Costs, Total: $2,262,000 They sold 57,000 units for $293 each during the year, and produced 64,000 units. What is the ending finished goods inventory under variable costing? Select one: O A. $510,453 less than under absorption costing. O B. $252,000 greater than under absorption costing. O C. $469,000 less than under absorption costing. O D. $247,406 less than under absorption costing. O E. $499,406 less than under absorption costing

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions