I am having some difficulty determining variable cost of goods sold and feel I'm overlooking something simple. The cost of goods sold given is $388,000.<\/p>
<\/p>
Dion Company reports the absorption costing income statement below for May. The company began the month with no finished goods inventory. Dion produced 21,600 units, and 2,800 units remain in ending finished goods inventory for May. Fixed overhead was $54,000. Variable selling and administration expenses were $38,000 and fixed selling and administrative expenses were $18,000.<\/p>", "transcribed_text": "", "related_book": { "title": "Income Tax Fundamentals 2013", "isbn": "1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516", "edition": "31st Edition", "authors": "Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1124.jpg", "uri": "\/textbooks\/income-tax-fundamentals-2013-31st-edition-9781285586618", "see_more_uri": "" }, "free_related_book": { "isbn": "022631622X", "uri": "\/textbooks\/african-successes-volume-i-government-and-institutions-1st-edition-978-0226316222-288061", "name": "African Successes Volume I Government And Institutions", "edition": "1st Edition" }, "question_posted": "2024-06-28 07:36:14", "see_more_questions_link": "\/study-help\/questions\/business-human-resource-management-2020-May-22", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/rank-the-following-three-stocks-by-their-riskreturn-relationship-best", "description": "Rank the following three stocks by their risk-return relationship, best to worst. Night Ryder has an average return of 12 percent and standard deviation of 32 percent. The average return and standard...", "stars": 3 }, { "url": "\/study-help\/theory-of-probability\/if-at-and-y-t-are-respectively-the-age-and-1982911", "description": "If A(t) and Y (t) are, respectively, the age and the excess at time t of a renewal process having an interarrival distribution F, calculate P{Y (t) > x|A(t) = s}", "stars": 3 }, { "url": "\/the-laurenster-corporation-is-getting-into-the-construction-business-a", "description": "The Laurenster Corporation is getting into the construction business. A list of activities and their optimistic, most likely, and pessimistic completion times are given in the following table for the...", "stars": 3 }, { "url": "\/study-help\/questions\/in-five-years-kent-duncan-will-retire-he-is-exploring-9871873", "description": "In five years, Kent Duncan will retire. He is exploring the possibility of opening a self-service car wash. The car wash could be managed in the free time he has available from his regular...", "stars": 3 }, { "url": "\/study-help\/financial-management-theory\/assume-that-valley-forge-hospital-has-only-the-following-three-1321987", "description": "Assume that Valley Forge Hospital has only the following three payer groups: The hospitals fixed costs are $38 million. a. What is the hospitals net income? b. Assume that half of the 100,000 covered...", "stars": 3 }, { "url": "\/study-help\/questions\/goodpasters-stakeholder-paradox-can-be-redescribed-as-demanding-a-coherent-2238727", "description": "Goodpaster's stakeholder paradox can be redescribed as demanding a coherent answer to the question(s) of Group of answer choices to whom businesspersons have fiduciary duties. how much impartiality to", "stars": 3 }, { "url": "\/study-help\/questions\/provide-a-single-graph-containing-sidebyside-boxplot-that-show-the-5131946", "description": "Provide a single graph containing side-by-side boxplot that show the Weight of bears by Sex . Describe this boxplot. Calculate numerical statistics of variable Weight . For example: mean, five number...", "stars": 3 }, { "url": "\/study-help\/questions\/consider-the-rlc-circuit-shown-below-where-the-inital-current-642017", "description": "Consider the RLC circuit shown below, where the inital current flowing through the circuit at time t = 0 is Io = 5, and the initial charge on the capacitor at time t = 0) is Qo = 2. The components...", "stars": 3 }, { "url": "\/study-help\/questions\/for-the-company-7eleven-briefly-describe-their-current-inventory-management-1004584", "description": "For the company 7-eleven, briefly describe their current inventory management, processes and functions employed within that infrastructure.", "stars": 3 }, { "url": "\/study-help\/questions\/the-information-that-follows-pertains-to-julia-company-a-temporary-921843", "description": "The information that follows pertains to Julia Company: (a) Temporary differences for the year 2024 are summarized below. Expenses deducted in the tax return, but not included in the income...", "stars": 3 }, { "url": "\/study-help\/questions\/provide-2-business-threats-as-part-of-swat-analysis-for-1005312", "description": "Provide 2 business threats as part of SWAT Analysis for Booktopia Pty Ltd (Australian online bookstore) based on one of the following trends: Political, Economic, Social and Cultural, Technological,...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/what-is-the-slope-of-the-tangent-line-to-the-4264447", "next": "\/study-help\/questions\/4-textbook-problem-827-measuring-crime-crime-data-make-headlines-4264449" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "I am having some difficulty determining variable cost of goods sold and", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/i-am-having-some-difficulty-determining-variable-cost-of-goods-4264448" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } }} }