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Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept. (a) Variable costing $ (b) Absorption costing $

Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept. (a) Variable costing $ (b) Absorption costing $

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter7: Variable Costing For Management analysis
Section: Chapter Questions
Problem 3BE: Variable costingsales exceed production The beginning inventory is 52,800 units. All of the units...
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Cost of Goods Manufactured, using Variable Costing and Absorption Costing On October 31, the end of the first year of operations, Yankovich Inc. manufactured 5,400 units and sold 4,600 units. The following income statement was prepared, based on the variable costing concept: Yankovich Inc. Variable Costing Income Statement For the Month Ended October 31 Sales Variable cost of goods sold: Variable cost of goods manufactured Inventory, October 31 Total variable cost of goods sold Manufacturing margin Total variable selling and administrative expenses Contribution margin Fixed costs: Fixed manufacturing costs Fixed selling and administrative expenses Total fixed costs Operating income $777,600 (115,200) $356,400 110,400 $1,380,000 (662,400) $717,600 (165,600) $552,000 (466,800) $85,200 Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept. (a) Variable costing $ (b) Absorption costing $
Transcribed Image Text:Cost of Goods Manufactured, using Variable Costing and Absorption Costing On October 31, the end of the first year of operations, Yankovich Inc. manufactured 5,400 units and sold 4,600 units. The following income statement was prepared, based on the variable costing concept: Yankovich Inc. Variable Costing Income Statement For the Month Ended October 31 Sales Variable cost of goods sold: Variable cost of goods manufactured Inventory, October 31 Total variable cost of goods sold Manufacturing margin Total variable selling and administrative expenses Contribution margin Fixed costs: Fixed manufacturing costs Fixed selling and administrative expenses Total fixed costs Operating income $777,600 (115,200) $356,400 110,400 $1,380,000 (662,400) $717,600 (165,600) $552,000 (466,800) $85,200 Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept. (a) Variable costing $ (b) Absorption costing $
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