Elkhardt Manufacturing produces snow shovels. The selling price per snow shovel is $33.00. There is no...

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Elkhardt Manufacturing produces snow shovels. The selling price per snow shovel is $33.00. There is no beginning inventory. Costs involved in production are: Direct material Direct labor Variable manufacturing overhead Total variable manufacturing costs per unit Fixed manufacturing overhead per year $5.00 5.00 4.00 $14.00 $155,150 In addition, the company has fixed selling and administrative costs of $154,600 per year. During the year, Elkhardt produces 53,500 snow shovels and sells 48,350 snow shovels. What is the value of ending inventory using full costing? Value of ending inventory What is the value of ending inventory using variable costing? Value of ending inventory eTextbook and Media Calculate the difference in full costing net income and variable costing net income without preparing either income statement. Difference in net income $ eTextbook and Media $ What is cost of goods sold using full costing? Cost of goods sold $ What is cost of goods sold using variable costing? Variable cost of goods sold $ eTextbook and Media What is net income using full costing? Net income eTextbook and Media What is net income using variable costing? Net income $ How much fixed manufacturing overhead is in ending inventory under full costing? Fixed manufacturing overhead in ending inventory $ The amount of fixed manufacturing overhead in ending inventory under full costing is eTextbook and Media greater than less than equal to the difference in net Elkhardt Manufacturing produces snow shovels. The selling price per snow shovel is $33.00. There is no beginning inventory. Costs involved in production are: Direct material Direct labor Variable manufacturing overhead Total variable manufacturing costs per unit Fixed manufacturing overhead per year $5.00 5.00 4.00 $14.00 $155,150 In addition, the company has fixed selling and administrative costs of $154,600 per year. During the year, Elkhardt produces 53,500 snow shovels and sells 48,350 snow shovels. What is the value of ending inventory using full costing? Value of ending inventory What is the value of ending inventory using variable costing? Value of ending inventory eTextbook and Media Calculate the difference in full costing net income and variable costing net income without preparing either income statement. Difference in net income $ eTextbook and Media $ What is cost of goods sold using full costing? Cost of goods sold $ What is cost of goods sold using variable costing? Variable cost of goods sold $ eTextbook and Media What is net income using full costing? Net income eTextbook and Media What is net income using variable costing? Net income $ How much fixed manufacturing overhead is in ending inventory under full costing? Fixed manufacturing overhead in ending inventory $ The amount of fixed manufacturing overhead in ending inventory under full costing is eTextbook and Media greater than less than equal to the difference in net

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Value of ending inventory using full costing Elkhardt produces53500 snow shovels Elkhardt sells48350 ... View the full answer