Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
this is for managerial accounting and im confused on how to start and the steps and formulas to use A manufacturing company that produces a
this is for managerial accounting and im confused on how to start and the steps and formulas to use A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Show your calculations $ 148 6,000 5,400 600 Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense 38 53 3 11 $ 78,000 $ 48,000 1. What is the cost per under absorption costing? 2. What is the cost per under variable costing? 3. What is the cost of ending inventory under absorption costing? 4- Prepare the income statement "contribution margin format" under variable costing? 5. What is the total period cost for the month under variable costing? 6- What is the net income under absorption costing? Explain the difference between variable costing and absorption costing net operating income in this year. 2 Page
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started