David Company operating result under absorption costing below: 2019 Sales.. $ 270,000 Cost of goods sold (variable and fixed) 180,000 Gross profit.... $ 90,000 Selling and Administrative expenses (variable and fixed) 38,000 tao Net operating income... $52,000 Production and operating activities shown as follows: 2019 2020 Beginning inventory.. O units Production... 20,000 units 30,000 units Sales. . 18,000 units 23,000 units The company's selling and variable cost per unit remained constant from year to year. The Company has a total fixed manufacturing overhead of $60,000 and fixed selling and administrative expenses of $20,000 per year. Company uses first-in first-out (FIFO) inventory method. Answer the followina from shaDd Answer the following from the David Company financial data given above. (Do NOT use "comma" or "dollar" signs in your answers). Determine the amount of the following for year 2020 Answer 1. Unit product cost under variable costing. ta 2. Unit product cost under absorption costing. o 3. Total cost of goods manufactured under absorption costing
David Company operating result under absorption costing below: 2019 Sales.. $ 270,000 Cost of goods sold (variable and fixed) 180,000 Gross profit.... $ 90,000 Selling and Administrative expenses (variable and fixed) 38,000 tao Net operating income... $52,000 Production and operating activities shown as follows: 2019 2020 Beginning inventory.. O units Production... 20,000 units 30,000 units Sales. . 18,000 units 23,000 units The company's selling and variable cost per unit remained constant from year to year. The Company has a total fixed manufacturing overhead of $60,000 and fixed selling and administrative expenses of $20,000 per year. Company uses first-in first-out (FIFO) inventory method. Answer the followina from shaDd Answer the following from the David Company financial data given above. (Do NOT use "comma" or "dollar" signs in your answers). Determine the amount of the following for year 2020 Answer 1. Unit product cost under variable costing. ta 2. Unit product cost under absorption costing. o 3. Total cost of goods manufactured under absorption costing
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 22E: Ellerson Company provided the following information for the last calendar year: During the year,...
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