The following information relates to Sinclair Industries for fiscal 2011, the companys first year of operation: Units
Question:
Units produced............ 400,000
Units sold.............. 375,000
Units in ending inventory.......... 25,000
Fixed manufacturing overhead........$1,000,000
Required
a. Calculate the amount of fixed manufacturing overhead that would be expensed in 2011 using full costing.
b. Calculate the amount of fixed manufacturing overhead that would be expensed in 2011 using variable costing.
c Calculate the amount of fixed manufacturing overhead that would be included in ending inventory under full costing and reconcile it to the difference between parts a and b.
Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...
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a Fixed Manufacturing Overhead 1000000 Divided by units pr...View the full answer
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