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Variable and Absorption Costing
assume that there is no january 1, 2007 inventory; no variances are allocated to inventory and the firm uses a full absorption approach to product costing. Compute the costs assigned to december 31, 2007 inventory
sales 12,000 * 17 actual production 15,000 units expected volume of production 18,000 units mfg costs incurred variable 120,000 fixed 63,000 nonmanufacturing costs incurred variable 24,000 fixed 18,000 |
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compute the cost assigned to inventory
assume that there is no january 1, 2007 inventory; no variances are allocated to inventory and the firm uses a full absorption approach to product costing. Compute the costs assigned to december 31, 2007 inventory
sales 12,000 * 17 actual production 15,000 units expected volume of production 18,000 units mfg costs incurred variable 120,000 fixed 63,000 nonmanufacturing costs incurred variable 24,000 fixed 18,000 |
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Please do not double post as it just confuses things. I've merged your two threads back into one. You also need to take a look at our guidelines for posting homework: https://www.askmehelpdesk.com/arts-l...-b-u-font.html (And can you also please not use all caps. It's difficult to read.) |
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