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Marigold Iron began last year with no inventories. During the year, 10,700 units were produced, of which 9,200 were sold. Data concerning last year's operations
Marigold Iron began last year with no inventories. During the year, 10,700 units were produced, of which 9,200 were sold. Data concerning last year's operations appear here (in New Taiwanese dollars, NT$): Revenue Variable direct materials costs Variable direct labour costs Variable manufacturing overhead Variable selling Fixed manufacturing overhead Fixed selling and administrative costs NT$ 33,764 2,568 3,317 2,996 920 8,100 14,575 Variable manufacturing costs reflect the variable cost to produce the number of units manufactured. However, variable selling costs are not incurred until the units are sold, so they reflect the cost for the number of units sold. Marigold Iron allocates actual manufacturing overhead costs to inventory, based on actual units produced Calculate the value of ending inventory on the balance sheet under the following 1. Varlable costing 2. Absorption costing 3. Throughput costing (Round per unit costs to 4 decimal places e.g. 1.2354 and final answers to whole amounts, e.g. 5,725.) Ending Inventory Variable costing Absorptlon costing Throughput ostingNTS NT$ NT$ Calculate operating income under the following: 1. Variable costing 2. Absorption costing 3. Throughput costing (Round all entries to whole amounts, e.g. 5,725. Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Operating Income Variable costingNTS Absorption costing NTS Throughput costing NT LINK TO TEXT LINK TO TEXT Estimate the variable costng operating income if 12,200 units were produced and sold in a year. (Enter loss using either a negative sign preceding the number e.g. 45 or parentheses e.g. (45).) Operating Income NTS
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