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Imet Page Layout Formulas Data Review View Help Tell me what you want to do Calibe 12 AA Wrap Text General BIU- EDMerge &

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Imet Page Layout Formulas Data Review View Help Tell me what you want to do Calibe 12 AA Wrap Text General BIU- EDMerge & Center- Painter So Alignment C D E F G H Number Absorption and Variable Costing; Inventory Valuation Bondware Inc. has a highly automated assembly line that uses very little direct labor. Therefore, direct lab s part of variable overhead. For March, assume that it incurred the following unit costs: Direct materials Variable overhead Fixed overhead $450 250 (direct labor is included) 550 The 1200 units of beginning inventory for March had an absorption costing value of $1,500,000 and a variable costing value of $840,000. For March, assume that Bondware Inc. produced 3,000 units and sold 3,500 units. Compute Bondware's March amount of ending inventory under both absorption and variable costing if the FIFO inventory method was used. Absorption and Variable Costing: Cost of Goods Sold Using data from ME 17-19 Compute Bondware's March Cost of Goods Sold using both the variable and absorption costing methods

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