Question: Consider the following information pertaining to a year s operations of

Consider the following information pertaining to a year’s operations of Hartford Manufacturing:
Units sold ................ 1,600
Units produced ............. 2,300
Direct labor .............. $4,400
Direct materials used .......... 3,900
Fixed manufacturing overhead ....... 3,000
Variable manufacturing overhead ....... 400
Selling and administrative expenses (all fixed) . 850
Beginning inventories ............ 0
Contribution margin ........... 5,500
Direct-material inventory, end ......... 850
There are no work-in-process inventories.
1. What is the ending finished-goods inventory cost under absorption costing?
2. What is the ending finished-goods inventory cost under variable costing?


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  • CreatedNovember 19, 2014
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