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QUESTION 11 Stiller Corporation incurred fixed manufacturing costs of $28,000 during 2015. Other information for 2015 includes: The budgeted denominator level is 2400 units. Units
QUESTION 11 Stiller Corporation incurred fixed manufacturing costs of $28,000 during 2015. Other information for 2015 includes: The budgeted denominator level is 2400 units. Units produced total 1500 units. Units sold total 1200 units. Beginning inventory was zero. The company uses absorption costing and the fixed manufacturing cost rate is based on the budgeted denominator level. Manufacturing variances are closed to cost of goods sold. The production-volume variance is 0 $3501 $14,004 $10,503 QUESTION 12 Stiller Corporation incurred fixed manufacturing costs of $34,000 during 2015. Other information for 2015 includes: The budgeted denominator level is 2400 units. Units produced total 1500 units. Units sold total 1200 units. Beginning inventory was zero. The company uses absorption costing and the fixed manufacturing cost rate is based on the budgeted denominator level. Manufacturing variances are closed to cost of goods sold. Fixed manufacturing costs included in ending inventory total $4251 $8500 $6800
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