Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help with questions b to g The following data was prepared by the Blossom Company. Sales price Direct materials used Direct labor Manufacturing

I need help with questions b to g

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
The following data was prepared by the Blossom Company. Sales price Direct materials used Direct labor Manufacturing overhead Selling and administrative expense Units manufactured Beginning Finished Goods Inventory Ending Finished Goods Inventory Total Variable Fixed $24/unit $81,650 $91,000 $105,330 $22,800 22,600 units 20,100 units 8,000 units $19,450 $13,300 $85,880 $9,500 (a) V Your answer is correct. Under absorption costing, what is the unit product cost? {Round answer to 2 decimal places, 6.3. 1525.) Unit product cost $ 12.30 eTextbook and Media Attempts: unlimited (b) ' X Youranswerisincorrect. ' Under variable costing, what is the unit product cost? (Round answer to 2 decimal places. 8.3. 15.25.] eTextbook and Media Save for Later Attempts: unlimited Required Under absorption costing, what is the unit product cost? . Under variable costing, what is the unit product cost? Under absorption costing, what is the cost of goods sold? . Under variable costing, what is the cost of goods sold? Under absorption costing, what is the operating income? Under variable costing, what is the operating income? . Reconcile the difference in operating income under absorption costing versus variable costing. [QFE'DCLO U9: Reconcile the difference in operating income under absorption costing versus variable costing. {Round costper unit toZ decimal places, 23. 2.52 and nal answers to 0 decimal place, 8.3". 2.152.) Change in ending inventory units x Fixed overhead per unit x Reconciliation $ eTextbook and Media Save for Later Attempts: unlimited

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

Detecting Accounting Fraud Analysis And Ethics

Authors: Cecil Jackson

1st Edition

0133078604, 9780133078602

More Books

Students also viewed these Accounting questions

Question

The market rate of interest is used to compute the present value

Answered: 1 week ago