Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Relationship between carrying value of finished goods inventory at the end of 2019 under variable costing as opposed to under absorption costing? Question 8 2

Relationship between carrying value of finished goods inventory at the end of 2019 under variable costing as opposed to under absorption costing?

image text in transcribed
Question 8 2 pts The Pacific Company manufactures a single product. its cost structure, which has remained constant for the last 3 years, is as follows: Variable cost per unit Production $43 Selling and Administrative $15 Fixed Costs in Total Production $145,000 Selling and Administrative $95,000 5,000 units were produced and 4,800 units were sold during 2019. There were no beginning inventories. Which of the following would best describe the relationship between the carrying value of the finished goods inventory at the end of 2019 under variable costing as opposed to under absorption costing? $8,800 less than under absorption costing. $5,800 more than under absorption costing. $5,800 less than under absorption costing. none of the others is correct $8,800 more than under absorption costing

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mechanics Of Materials

Authors: Russell C. Hibbeler

11th Edition

0137605528, 9780137605521

More Books

Students also viewed these Accounting questions

Question

3. Im trying to point out what we need to do to make this happen

Answered: 1 week ago

Question

1. I try to create an image of the message

Answered: 1 week ago