For 2020, Roberts Ltd., had sales of 150,000 units and production of 200,000 units. Other information for the year included:Direct manufacturing laborVariable manufacturing overheadDirect materials$197,500100,000160,000100,000Variable selling expensesFixed administrative expensesFixed manufacturing overhead100,000250,000There was no beginning inventory.Required:What is the ending finished goods inventory under absorption costing and variable costing? The company uses actual costing and rounds to the cent (two decimal places) whencalculating cost per unit.a. $177,000, $114,500O b.s189, 754, $110, 650Oc s115, 478, $ 120, 560d. $185, 950, $113, 755

Value of Cost of Ending Inventory: The term "ending inventory" refers to the remaining sellable…

For 2020, Roberts Ltd, had sales of 150,000 units and production of 200,000 units. Other information for the year included: Direct manufacturing labor Variable manufacturing overhead Direct materials Variable selling expenses Fixed administrative expenses Fixed manufacturing overhead $197,500 100,000 160,000 100,000 100,000 250,000 There was no beginning inventory. Required: What is the ending finished goods inventory under absorption costing and variable costing? The company uses actual costing and rounds to the cent (two decimal places) when calculating cost per unit. Oa s377,000, 5114,500 Obs189, 754, $11o, 650 OC s115, 478, S 120, 560 Od 5185, 950, $113, 755

For 2020, Roberts Ltd, had sales of 150,000 units and production of 200,000 units. Other information for the year included: Direct manufacturing labor Variable manufacturing overhead Direct materials Variable selling expenses Fixed administrative expenses Fixed manufacturing overhead $197,500 100,000 160,000 100,000 100,000 250,000 There was no beginning inventory. Required: What is the ending finished goods inventory under absorption costing and variable costing? The company uses actual costing and rounds to the cent (two decimal places) when calculating cost per unit. Oa s377,000, 5114,500 Obs189, 754, $11o, 650 OC s115, 478, S 120, 560 Od 5185, 950, $113, 755

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter18: Pricing And Profitability Analysis

Section: Chapter Questions

Problem 3CE: Pattison Products, Inc., began operations in October and manufactured 40,000 units during the month...

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Last year, Orsen Company produced 25,000 juicers and sold 26,500 juicers for 60 each. The actual variable unit cost is as follows: Fixed overhead was 320,000. Fixed selling expenses consisted of advertising copayments totaling 110,000. Fixed administrative expenses were 236,000. There were no beginning and ending work-in-process inventories. Beginning finished goods inventory was 148,000 for 4,000 juicers. The value of ending inventory reported on the financial statements was Refer to the information in 2.24. The gross margin percentage for last year was a. 12.57% b. 55.67% c. 28.95% d. 38.33%
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