Please Answer F. Blanko Corporation
and sold 60,000 units. During its units. In its third year, Nickelson me company's product is $56 per costing and variable costing net operating incomes in (2) and (3) above. F. Blanko Corporation has the following results for the first three years of its operation The Company did not have any under or over applied overhead during the three periods. There were no changes in the selling price and the company's cost structure. Required: Find the missing amounts as indicated by the numbers Absorption Costing Year 1 Year 2 Year 3 Sales ? ? Cost of sales 29 ? in requirements 2 and 3 to the operating income figures seem Gross profit Operating expenses Operating inc (loss) 30 19 231,000.00 ? ? 58,000.00 24 14,000.00 25 Variable Costing Year 1 Year 2 20 ? 30,000.00 to manufacture and sell ss. The division's monthly costs Year 3 300,000.00 26 88,000.00 21 110,000.00 31 11,000.00 Sales Variable Cost Cost of sales Selling and admin Contribution margin Fixed cost Operating inc (loss) Production Sales ? ? ? ales 22 ? 150,000.00 27 (6,000.00) 30,000.00 the company has a long- Accordingly, the company 11 for $250 each. ? 28 32 10,000.00 23 2 G. Based on your answers from letter F 33. How much is ending inventory in Year 1 using variable costing? 34. How much is ending inventory in Year 2 using absorption costing? 35. How much is ending inventory units in Year 3? g. and sold 60,000 units. During its units. In its third year, Nickelson me company's product is $56 per costing and variable costing net operating incomes in (2) and (3) above. F. Blanko Corporation has the following results for the first three years of its operation The Company did not have any under or over applied overhead during the three periods. There were no changes in the selling price and the company's cost structure. Required: Find the missing amounts as indicated by the numbers Absorption Costing Year 1 Year 2 Year 3 Sales ? ? Cost of sales 29 ? in requirements 2 and 3 to the operating income figures seem Gross profit Operating expenses Operating inc (loss) 30 19 231,000.00 ? ? 58,000.00 24 14,000.00 25 Variable Costing Year 1 Year 2 20 ? 30,000.00 to manufacture and sell ss. The division's monthly costs Year 3 300,000.00 26 88,000.00 21 110,000.00 31 11,000.00 Sales Variable Cost Cost of sales Selling and admin Contribution margin Fixed cost Operating inc (loss) Production Sales ? ? ? ales 22 ? 150,000.00 27 (6,000.00) 30,000.00 the company has a long- Accordingly, the company 11 for $250 each. ? 28 32 10,000.00 23 2 G. Based on your answers from letter F 33. How much is ending inventory in Year 1 using variable costing? 34. How much is ending inventory in Year 2 using absorption costing? 35. How much is ending inventory units in Year 3? g
