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On March 31, the end of the first year of operations, Barnard Inc., manufactured 3,600 units and sold 3,100 units. The following income statement was prepared, based on the variable costing concept: Barnard Inc. Variable Costing Income Statement For the Year Ended March 31, 20Y1 Sales $1,209,000 Variable cost of goods sold: Variable cost of goods manufactured $673,200 Inventory, March 31 (93,500) Total variable cost of goods sold (579,700) Manufacturing margin $629,300 Total variable selling and administrative expenses (145,700) Contribution margin $483,600 Fixed costs: Fixed manufacturing costs $309,600 Fixed selling and administrative expenses 96,100 Total fixed costs (405,700) Operating income $77,900 Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept. Variable costing %$4 Absorption costing %$4

On March 31, the end of the first year of operations, Barnard Inc., manufactured 3,600 units and sold 3,100 units. The following income statement was prepared, based on the variable costing concept: Barnard Inc. Variable Costing Income Statement For the Year Ended March 31, 20Y1 Sales $1,209,000 Variable cost of goods sold: Variable cost of goods manufactured $673,200 Inventory, March 31 (93,500) Total variable cost of goods sold (579,700) Manufacturing margin $629,300 Total variable selling and administrative expenses (145,700) Contribution margin $483,600 Fixed costs: Fixed manufacturing costs $309,600 Fixed selling and administrative expenses 96,100 Total fixed costs (405,700) Operating income $77,900 Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept. Variable costing %$4 Absorption costing %$4

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 4E: On March 31, the end of the first month of operations, Barnard Inc. manufactured 15,000 units and...
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- YouTube Мaps еВook Print Item On March 31, the end of the first year of operations, Barnard Inc., manufactured 3,600 units and sold 3,100 units. The following income statement was prepared, based on the variable costing concept: Barnard Inc. Varlable Costing Income Statement For the Year Ended March 31, 20Y1 Sales $1,209,000 Variable cost of goods sold: Varlable cost of goods manufactured $673,200 Inventory, March 31 (93,500) Total variable cost of goods sold (579,700) Manufacturing margin $629,300 Total variable selling and administrative expenses (145,700) Contribution margin $483,600 Fixed costs: Fixed manufacturing costs $309,600 Fixed selling and administrative expenses 96,100 Total fixed costs (405,700) Operating income $77,900 Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept. Variable costing Absorption costing $
Transcribed Image Text:- YouTube Мaps еВook Print Item On March 31, the end of the first year of operations, Barnard Inc., manufactured 3,600 units and sold 3,100 units. The following income statement was prepared, based on the variable costing concept: Barnard Inc. Varlable Costing Income Statement For the Year Ended March 31, 20Y1 Sales $1,209,000 Variable cost of goods sold: Varlable cost of goods manufactured $673,200 Inventory, March 31 (93,500) Total variable cost of goods sold (579,700) Manufacturing margin $629,300 Total variable selling and administrative expenses (145,700) Contribution margin $483,600 Fixed costs: Fixed manufacturing costs $309,600 Fixed selling and administrative expenses 96,100 Total fixed costs (405,700) Operating income $77,900 Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept. Variable costing Absorption costing $
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