(b) For 2018, SQU Company had sales of 150,000 units and production of 200,000 units. There was no beginning inventory. Other information for the year included: Direct manufacturing labor Direct materials Fixed administrative expenses 100,000 Fixed manufacturing overhead 187,500 Variable manufacturing overhead 100,000 100,000 200,000 150,000 Variable selling expenses You are required to calculate under both the variable and absorption costing methoda the: inventoriable cost per unit, (i) Ending inventory, and (m) Cost of goods sold.
(b) For 2018, SQU Company had sales of 150,000 units and production of 200,000 units. There was no beginning inventory. Other information for the year included: Direct manufacturing labor Direct materials Fixed administrative expenses 100,000 Fixed manufacturing overhead 187,500 Variable manufacturing overhead 100,000 100,000 200,000 150,000 Variable selling expenses You are required to calculate under both the variable and absorption costing methoda the: inventoriable cost per unit, (i) Ending inventory, and (m) Cost of goods sold.
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter21: Variable Costing For Management
analysis
Section: Chapter Questions
Problem 4CMA: Bethany Company has just completed the first month of producing a new product but has not yet...
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