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The following data are available for Marble Hill Factory for the year ended 31 December 2020. Sales:24,000 units at $50 each Expected and actual production:30,000
The following data are available for Marble Hill Factory for the year ended 31 December 2020.
Sales:24,000 units at $50 each
Expected and actual production:30,000 units
Manufacturing costs incurred, in the production of 30,000 units:Variable:$525,000Fixed:$372,000
Non-manufacturing costs incurred in the production of 30,000 units:Variable:$144,800Fixed:$77,400
Beginning inventories:none
REQUIRED:
A)Determine operating income using the variable-costing approach.(11 marks)
B)Determine operating income using the absorption-costing approach.(14 marks)
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