Question
Hi all! I'm have trouble answering these cost accounting questions so any help would be great! Thanks. Use the following to answer questions: Beginning inventory
Hi all! I'm have trouble answering these cost accounting questions so any help would be great! Thanks.
Use the following to answer questions:
Beginning inventory in units | 0 |
Units produced | 2,400 |
Units sold | 2,000 |
Sales | $200,000 |
Material cost (unit level or variable) | $ 24,000 |
Variable conversion cost used (Committed) | $ 48,000 |
Facility-level or fixed manufacturing cost | $ 36,000 |
Indirect operating costs (fixed) | $ 40,000 |
1. The variable cost of goods sold is:
A) $55,000
B) $60,000
C) $90,000
D) $20,000
E) $30,000
2. The absorption operating income is:
A) $70,000
B) $140,000
C) $56,000
D) $64,000
E) $78,000
2 The variable ending inventory is:
A) $ 18,000
B) $ 4,000
C) $ 20,000
D) $ 12,000
E) $ 8,000
4 The absorption ending inventory is:
A) $ 20,000
B) $ 12,000
C) $ 18,000
D) $ 4,000
E) $ 8,000
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