Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Manufacturing cost cost per units DM 40 DL 10 Variable MOH 8 Fixed MOH 21 Variable selling & Admin 3 Fixed selling & Admin 9
Manufacturing cost | cost per units |
DM | 40 |
DL | 10 |
Variable MOH | 8 |
Fixed MOH | 21 |
Variable selling & Admin | 3 |
Fixed selling & Admin | 9 |
Tax rate | 25% |
Selling price per unit | 120 |
Units produce | 20000 |
units sold | 18000 |
1. Compute the following in two method. Full absorption costing method and variable costing method
Total manufacturing cost | |
Average cost per unit | |
Ending inventory (units) | |
Ending inventory (value) | |
COGS | |
Total cost accounted for |
2. Income Statement for both method.
Please show works
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started