The following data relates to Mandarin Company. Units in beginning inventory — Units produced 15,000 Units sold ($350 per unit) 12,000 Variable costs per unit: Direct materials $85 Direct labor 160 Variable overhead 70 Fixed costs: Fixed overhead per unit produced $40 Fixed selling and administrative expenses 160,000 Determine the value of ending inventory under absorption costing.
The following data relates to Mandarin Company. Units in beginning inventory — Units produced 15,000 Units sold ($350 per unit) 12,000 Variable costs per unit: Direct materials $85 Direct labor 160 Variable overhead 70 Fixed costs: Fixed overhead per unit produced $40 Fixed selling and administrative expenses 160,000 Determine the value of ending inventory under absorption costing.
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter10: Cost Analysis For Management Decision Making
Section: Chapter Questions
Problem 4E: The following production data came from the records of Olympic Enterprises for the year ended...
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The following data relates to Mandarin Company.
Units in beginning inventory | — |
Units produced | 15,000 |
Units sold ($350 per unit) | 12,000 |
Variable costs per unit: | |
Direct materials | $85 |
Direct labor | 160 |
Variable |
70 |
Fixed costs: | |
Fixed overhead per unit produced | $40 |
Fixed selling and administrative expenses | 160,000 |
Determine the value of ending inventory under absorption costing.
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