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XYZ Company has the following information: Number of units produced annually: 20000 units, variable Direct material: $4, variable Direct Labor: $3, Variable Manufacturing overhead: $3,
XYZ Company has the following information: Number of units produced annually: 20000 units, variable Direct material: $4, variable Direct Labor: $3, Variable Manufacturing overhead: $3, Fixed manufacturing overhead: $150000, variable selling and administrative expenses: $3, Fixed selling and administrative expenses:$ 100000, Find the following: 1. Unit Product cost using variable costing method? 2. Unit Product cost using absorption costing method? Assume the following additional information for XYZ Company. -20,000 units were sold during the year at a price of $30 each. -There is no beginning inventory. compute the following: 1. Net operating income using variable costing Method ? 2. Net operating income using absorption costing Method? 3. Find the reconcile difference between absorption and variable income
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