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    mohsenesaberi's Avatar
    mohsenesaberi Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Aug 25, 2010, 01:45 AM
    13-45 Variable and Absorption Costing
    13-45 Variable and Absorption Costing
    Chan Manufacturing Company data for 20X7 follow:
    Sales: 12,000 units at $17 each
    Actual production 15,000 units
    Expected volume of production 18,000 units
    Manufacturing costs incurred
    Variable $120,000
    Fixed 63,000
    Nonmanufacturing costs incurred
    Variable $ 24,000
    Fixed 18,000
    1. Determine operating income for 20X7, assuming the firm uses the variable-costing approach to
    product costing. (Do not prepare a statement.)
    2. Assume that there is no January 1, 20X7, inventory; no variances are allocated to inventory; and
    the firm uses a “full absorption” approach to product costing. Compute (a) the cost assigned to
    December 31, 20X7, inventory; and
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    Aug 25, 2010, 01:47 AM
    Thank you for taking the time to copy your homework to AMHD.
    Please refer to this announcement: https://www.askmehelpdesk.com/financ...-b-u-font.html
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