Information taken from Kombucha Cooperative's records for the most recent year is as follows: Direct material used Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs Required: $ 215,000 79,600 41,000 68,000 35,200 20,000 1. Assuming Kombucha Cooperative's uses absorption costing, compute the inventoriable costs for the year. 2. Compute the year's inventoriable costs using variable costing. 1. Absorption costing 2. Variable costing Inventoriable costs

Information taken from Kombucha Cooperative's records for the most recent year is as follows: Direct material used Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs Required: $ 215,000 79,600 41,000 68,000 35,200 20,000 1. Assuming Kombucha Cooperative's uses absorption costing, compute the inventoriable costs for the year. 2. Compute the year's inventoriable costs using variable costing. 1. Absorption costing 2. Variable costing Inventoriable costs

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PA: The following product Costs are available for Haworth Company on the production of chairs: direct...

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