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I need a major break down on how to figure out Throughput Costing Operating Income statement. Specifically number 1-3 on question 9-22. April 2 Unit
I need a major break down on how to figure out Throughput Costing Operating Income statement. Specifically number 1-3 on question 9-22.
April 2 Unit data 3 Beginning inventory 4 Production 5 Sales 6 Variable costs 7 Manufacturing cost per unit produced 500 350 150 400 520 $ 10,000 10,000 0 Fdeecans maketing)costper unt sod3,0003.000 cho Co 9 Fixed costs 10 Manufacturing costs 11 Operating (marketing) costs $2,000,000 S 52,000,00 600,000600,000 me selling price per vehicle is $24,000. The budgeted level of production used to calculate the budg fixed manufacturing cost per unit is 500 roduction-volume variance is written off to cost of goods sold in the month in which it occurs. Ihere are no price, efficiency, or spending variances. Any 1. Prepare April and May 2017 income statements for Nascar Motors under (a) variable costing an (b) absorption costing. 2 Prepare a numerical reconciliation and explanation of the difference between operating income for each month under variable costing and absorption costing. 9-22 Throughput costing (continuation of 9-21). The variable manufacturing costs per unit of Nascr Motors are as follows: Home Insert Page Layout Formula Data Review May April $6,700 $6,700 12 Direct material cost per unit 13 Direct manufacturing labor cost per unit1,500 14 Manufacturing overhead cost per unit 1,500 1,800 1,800 1. Prepare income statements for Nascar Motors in April and May 2017 under throughput costing. 2 Contrast the results in requirement 1 with those in requirement 1 of Exercise 9-21. 3. Give one motivation for Nascar Motors to adopt throughput costingStep by Step Solution
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