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the following information is available for January: Per Unit Per Month Selling Price $ 100,000 Direct material $ 20,000 Direct labor $ 10,000 Variable manufacturing
the following information is available for January: Per Unit Per Month Selling Price $ 100,000 Direct material $ 20,000 Direct labor $ 10,000 Variable manufacturing overhead $ 15,000 Variaable SG&A $ 5,000 Fixed Manufacturing Overhead $ 50,000 Fixed SG&A $ 30,000 there was no beginning inventory, and five units were produced. What is January's gross margin under absorption costing if three units were sold? $ 165,000 $ 135,000 $ 115,000 $ 150,000
| the following information is available for January: | |||||||
| Per Unit | Per Month | ||||||
| Selling Price | $ 100,000 | ||||||
| Direct material | $ 20,000 | ||||||
| Direct labor | $ 10,000 | ||||||
| Variable manufacturing overhead | $ 15,000 | ||||||
| Variaable SG&A | $ 5,000 | ||||||
| Fixed Manufacturing Overhead | $ 50,000 | ||||||
| Fixed SG&A | $ 30,000 | ||||||
| there was no beginning inventory, and five units were produced. | |||||||
| What is January's gross margin under absorption costing if three units were sold? | |||||||
| $ 165,000 | |||||||
| $ 135,000 | |||||||
| $ 115,000 | |||||||
| $ 150,000 | |||||||
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Financial Accounting Plus
Authors: Robert Libby, Patricia Libby, Daniel Short
7th Edition
0077480015, 9780077480011
