Homework Help is Here – Start Your Trial Now!
Business
Accounting
Go Green Bikes, which has only one product “Green Tiger Bikes", has provided the following data concerning December 2020 operations: Selling price Units in beginning inventory Units produced Units sold $71 400 8,100 8,200 Units in ending inventory 300 Variable costs per unit: Direct materials $20 $15 $6 $4 Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs every month: Fixed manufacturing overhead Fixed selling and administrative 64,800 $139,400 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. The unit product cost of November 2020 was: Absorption Costing $49 Variable Costing $41

Go Green Bikes, which has only one product “Green Tiger Bikes", has provided the following data concerning December 2020 operations: Selling price Units in beginning inventory Units produced Units sold $71 400 8,100 8,200 Units in ending inventory 300 Variable costs per unit: Direct materials $20 $15 $6 $4 Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs every month: Fixed manufacturing overhead Fixed selling and administrative 64,800 $139,400 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. The unit product cost of November 2020 was: Absorption Costing $49 Variable Costing $41

Cornerstones of Cost Management (Cornerstones Series)
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 14E: For each of the following independent situations, calculate the missing values: 1. The Belen plant...
See similar textbooks
icon
Related questions
Question

Prepare Income statement for the month of December 2020 assuming absorption Costing and Variable Costing and state the reason for difference in income computed between absorption costing and variable costing.

Go Green Bikes, which has only one product “Green Tiger Bikes", has provided the following data concerning December 2020 operations: Selling price Units in beginning inventory Units produced Units sold $71 400 8,100 8,200 Units in ending inventory 300 Variable costs per unit: Direct materials $20 Direct labor Variable manufacturing overhead Variable selling and administrative expense $15 $6 $4 Fixed costs every month: Fixed manufacturing overhead Fixed selling and administrative 64,800 $139,400 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. The unit product cost of November 2020 was: Absorption Costing $49 Variable Costing $41
Transcribed Image Text:Go Green Bikes, which has only one product “Green Tiger Bikes", has provided the following data concerning December 2020 operations: Selling price Units in beginning inventory Units produced Units sold $71 400 8,100 8,200 Units in ending inventory 300 Variable costs per unit: Direct materials $20 Direct labor Variable manufacturing overhead Variable selling and administrative expense $15 $6 $4 Fixed costs every month: Fixed manufacturing overhead Fixed selling and administrative 64,800 $139,400 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. The unit product cost of November 2020 was: Absorption Costing $49 Variable Costing $41
Expert Solution
steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Financial Reporting in Hyperinflationary Economies
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS