Moona Inc. produces Mobile phones. Information of the company's operations last year appear below:   Fixed cost:   Fixed Manufacturing overhead Rs     40,000 Fixed Selling & Administrative  Rs     60,000     Selling Price per unit Rs 100     Variable cost per unit:   Direct Materials Rs 30 Direct labor          Rs 10 Variable Manufacturing overhead Rs 5 Variable Selling & Administrative Rs 2     Units In beginning Inventory 0 Units Produced 2000 Units Sold 1900 a. Prepare a report reconciling the difference in net operating income between absorption and variable costing for the year

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A: The contribution margin is calculated as difference between sales and variable costs.

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A: Fixed costs do not change whether the product continues or discontinues. Variable costs change with…

Q: Company A manufactures and sells one product. During the first year the company produced and sold…

A: Absorption costing means a method of costing where all fixed overhead has been absorbed on the basis…

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A:

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A: We know, Net operating income = Sales - Total Cost   Sales = Units Sold * Selling Price   Total Cost…

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A: Overhead cost are those cost which are not directly linked to production of a product but are…

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A: Contribution Margin is the excess of revenue over variable cost i.e. Contribution Margin= Sales…

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A: Break-even analysis is a technique used widely by the production management. It helps to determine…

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A: Absorption costing: This is the method of assessing the product cost by assigning all the costs…

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A: Variable Costing Income Statement: Under the variable costing method or approach, the product cost…

Q: O company produces a single product. Last year, the company had a net operating income of P92,000…

A: solution : given : net operating income using absorption costing         = P92,000   net operating…

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A:

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A: Solution: Introduction: Contribution margin is the incremental Profit earned for the units sold by…

Q: A condensed income statement by product line for Celestial Beverage Inc. indicated the following for…

A: Fixed cost of goods sold (184000*20%)                   36,800  Fixed operating expenses…

Q: Baraban Corporation has provided the following data for its most recent year of operation:…

A: Under variable costing , units are valued at variable manufacturing cost . Fixed cost is not…

Q: The following data pertain to last year's operations at abc Corporation, a company that produces a…

A: Calculation Of Variable Costing Net Operating Income ::::: Particulars.                Amount $...…

Q: Moona Inc. produces Mobile phones. Information of the company's operations last year appear below:…

A:

Q: Moskowitz Corporation has provided the following data for its two most recent years of operation:…

A: Fixed overhead per unit in Year 1=48000012000=$40Fixed overhead per unit in Year…

Q: Mandato Corporation has provided the following data for its two most recent years of operation:…

A: Fixed manufacturing overhead per unit = Fixed manufacturing overhead  / no. of units produced =…

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A: Solution:- Calculation of Differential cost analysis as follows:-

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A: As posted multiple sub parts we are answering only first three sub parts kindly repost the…

Q: A condensed income statement by product line for Celestial Beverage Inc. Indicated the following for…

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Q: The comparative income statement for the month of Uratex Philippines Corp makers of Monoblocks…

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A: Variable costs: These costs are incurred in conjunction to the volume of goods produced or sold. It…

Q: Moona Inc. produces Mobile phones. Information of thecompany's operations last year appear below:…

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Q: Moona Inc .produces mobile phones.Informational of the company's operations last year appear below.…

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A: The income statement represents the net income or net loss that is calculated by deducting the…

Q: Moskowitz Corporation has provided the following data for its two most recent years of operation:…

A: Unit product cost under variable costing  = Direct materials + Direct labor + Variable manufacturing…

Q: Pavelko Corporation has provided the following data for its two most recent years of operation:…

A: Answer and calculation are given below

Q: Moskowitz Corporation has provided the following data for its two most recent years of operation:…

A: Change in inventory = Beginning inventory - Ending inventory = 3,000 units - 3,000 units = 0

Q: Orion Inc., is a newly organized manufacturing business that plans to manufacture and sell 30,000…

A: Contribution is the difference between the sales price and variable cost Contribution = Sales -…

Q: Neef Corporation has provided the following data for its two most recent years of operation: Selling…

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A: Absorption costing: It is a costing technique or method under which all costs like fixed and…

Q: Moona Inc. produces Mobile phones. Information of the company's operations last year appear below:…

A: The difference in Absorption costing and Variable costing is due to the fixed manufacturing…

Q: Moona Inc. produces Mobile phones. Information of thecompany's operations last year appear below:…

A: As posted multiple sub parts we are answering only first question kindly repost the unanswered…

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A: Please find the answer to the above question below:

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A: Hey, since there are multiple requirements posted, we will answer first three requirements. If you…

Q: Neef Corporation has provided the following data for its two most recent years of operation:…

A: Under absorption costing system, selling and administrative expenses are ignored while calculating…

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A: CVP analysis is considered as a decision-making tool that helps management to make strategies and…

Q: Moona Inc. produces Mobile phones. Information of the company's operations last year appear below:…

A: In Variable costing(VC), only the variable costs are considered for the calculation of the net…

Q: Moona Inc. produces Mobile phones. Information of the company's operations last year appear below:…

A: The difference in Absorption costing and Variable costing is due to the fixed manufacturing…

Inventory Valuation

Before discussing the topic inventory valuation let’s discuss the meaning of inventory. In accounting, inventory is also known as stock. Inventory means all the finished goods, materials, merchandise that a business holds for the purpose of selling it in the market with the motive of earning profit.