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    Thumbinater's Avatar
    Thumbinater Posts: 4, Reputation: 1
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    #1

    May 31, 2009, 03:37 PM
    Finished goods and variable versus absorption costing
    I need the find the answer to this question but am having trouble. Please help in anyway even if it is just supplying the formulas to figure out the problem. I can't find the formulas.

    Consider the following information pertaining to a year’s operations of Youngstown Manufacturing:

    Units sold 1,400
    Units produced 1,600
    Direct labor $4,200
    Direct materials used 3,500
    Fixed manufacturing overhead 2,200
    Variable manufacturing overhead 300
    Selling and administrative expenses (all fixed) 700
    Beginning inventories 0
    Contribution margin 5,600
    Direct-material inventory, end 800

    There are no work-in-process inventories.
    1. What is the ending finished-goods inventory cost under absorption costing?
    2. What is the ending finished-goods inventory cost under variable costing?
    awaugh's Avatar
    awaugh Posts: 1, Reputation: 1
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    #2

    Aug 24, 2009, 12:02 PM
    I am having trouble on this question as well
    awaugh's Avatar
    awaugh Posts: 1, Reputation: 1
    New Member
    		  
    #3

    Aug 24, 2009, 12:02 PM
    I am having trouble on this question as well
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