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I need all parts answered , Thank you Variable Costing, Value of Ending Inventory, Operating Income Pattison Products, Inc, began operations in October and manufactured
I need all parts answered , Thank you
Variable Costing, Value of Ending Inventory, Operating Income Pattison Products, Inc, began operations in October and manufactured 40,000 units during the month with the following unit costs: * Fixed overhead per unit =$280,000/40,000 units produced =$7 Total fixed factory overhead is $280,000 per month. During October, 38,400 units were sold at a price of $24, and fixed marketing and admini Required: 1. Calculate the cost of each unit using variable costing. Round your final answer to the nearest cent. per unit 2. How many units remain in ending inventory? units What is the cost of ending inventory using variable costing? 3. Prepare a variable-costing income statement for Pattison Products, Inc:, for the month of October. 4. What if November production was 40,000 units, costs were stable, and sales were 41,000 units? What is the cost of ending inventory? What is operating income for NovemberStep by Step Solution
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