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Game Depot manufactures video games that it sells for $42 each. The company uses a manufacturing overhead allocation rate of $4 per game. Assume all
"Game Depot manufactures video games that it sells for $42 each. The company uses a manufacturing overhead allocation rate of $4 per game. Assume all costs and production levels are exactly as planned. The following data are from game depot's first two months in business during 2018:" I've completed requirements 1-2a but im stuck on the variable costing income statement. Help with that along with requirements 3 & 4 would be very much appreciated core: 7.54 of 20 pts 2P21-28A (similar to) Game Depot manufactures video games that it sells for $42 each. The company uses a fixed man are from Game Depot's first two months in business during 2018: (Click the icon to view the data.) Read the requirements 22,400 $ 50,000 72,400 Operating Income Requirement 2b. Prepare monthly income statements for October and November, including colun Game Depot Variable Costing Income Statement October 2018 November 2018 $ 54.600 $ 105,000 $ Total 159,600 Net Sales Revenue Variable Costs Contribution Margin Fixed Costs 32,600 16,300 18.800 $ 16,300 51,200 $ 70,000 Operating Income Choose from any list or enter any number in the input fields and then click Check Answer parts remaining 7 (1 complete) HW Score: overhead allocation rate of $4 per game. Assume all costs and production levels are exactly as pla Data Table October 1.300 units 2.200 units November 2,500 units 2.200 units 12 ES 12 Sales Production Variable manufacturing cost per game Sales commission cost per game Total fixed manufacturing overhead Cotal fixed selling and administrative costs 8.800 7.500 8.800 7,500 Print Done Clear All Check Requirements er ar 1. Compute the product cost per game produced under absorption costing and under variable costing. 2. Prepare monthly income statements for October and November, including columns for each month and a total column, using these costing methods: a. absorption costing. b. variable costing. 3. Is operating income higher under absorption costing or variable costing in October? In November? Explain the pattern of differences in operating income based on absorption costing versus variable costing. 4. Determine the balance in Finished Goods Inventory on October 31 and November 30 under absorption costing and variable costing. Compare the differences in inventory balances and the differences in operating income, Explain the differences in inventory balances based on absorption costing versus variable costing one
"Game Depot manufactures video games that it sells for $42 each. The company uses a manufacturing overhead allocation rate of $4 per game. Assume all costs and production levels are exactly as planned. The following data are from game depot's first two months in business during 2018:"
I've completed requirements 1-2a but im stuck on the variable costing income statement. Help with that along with requirements 3 & 4 would be very much appreciated
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