Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Horizon company has $25 per unit selling price $8.00 per unitin variable production cost and $1.00 per unitin variable selling and administrative cost. The annual

image text in transcribed
image text in transcribed
Horizon company has $25 per unit selling price $8.00 per unitin variable production cost and $1.00 per unitin variable selling and administrative cost. The annual fixed production cost is $400.000. The annual fixed selling and administrative cost is $50.000. Required: a. Complete the table below for each year, Assume a FFO flow 2020 2017 Units Produced Units Sold Manufacturing cost per unit 11:33 (using full costing) Operating income under STUDO 120.000 TODO 2018 150.000 120,000 2019 100.000 10.000 100.000 100.000 120,000 140.000 100.0 Units Sold 110,000 Manufacturing cost per unit 11.33 (using full costing) Operating income under W310,000 variable costing Operating income under 1.343,333,33 full costing Ending Inventory using 10.000 80.000 variable costing (5) Ending inventory using full 100001733=1133333 costing (5) bExplain how and why your results in requirement a above differed with respect to operating income between wariable costing and full costit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Conflict Management And Negotiation Skills For Internal Auditors

Authors: Joan Pastor, PhD

1st Edition

0894136089, 978-0894136085

More Books

Students also viewed these Accounting questions