Question: 2. Complete the table below by filling out the missing values. Absorption Costing Quantity Unit Price Amount Quantity Variable Costing Unit Price Amount Sales

2. Complete the table below by filling out the missing values. Absorption Costing Quantity Unit Price Amount Quantity Variable Costing Unit Price Amount Sales ? P 30.00 ? ? ? ? -Variable CGS 8,000 12.00 ? ? Fixed overhead ? 3.00 ? 10,000 ? Variable expenses ? 2.50 ? ? Fixed expenses ? 4.00 ? ? Profit ? ?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Task 1: (LO 1,2,3) The following is the most recent chart of accounts for Robo Technology Company: Robo Technology sells laptops, tablets, phones and much more. It has been established on the 1...

The purchases and issues of rubber gaskets (Materials Ledger #11216) as shown in the records of GT Corp. for November follow: Required: 1. Complete a materials ledger account similar to Figure 2-10...

Balance Sheet Shannon Co. Balance Sheet December 31, 20X5 Current assets Cash Accounts receivable Inventory (18.000 units $10 per unit) Total current assets Noncurrent assets Equipment Accumulated...

1. Blueprint Problem: Absorption Costing and Variable Costing Absorption Costing versus Variable Costing The cost of manufactured products consists of direct materials, direct labor, and factory...

1.1 1.2 1.3 Calculate the annual economic order quantity from the information provided below. INFORMATION GM Electronics expects to sell 800 alarm systems each month of 2022 at R4 000 each. The cost...

Estimated Income Statements, using Absorption on Prior to the first month of operations ending October 31, Marshall inc estimated the following operating results Sa 20.000x873 31.10.400 Manufacturing...

Hello, I am sorry, I know this is a very long problem, but I would like to check if I am doing my work correctly. I have some trouble with some areas, especially naming accounts and dealing with...

Required information [The following information applies to the questions displayed below.] Endless Mountain Company manufactures a single product that is popular with outdoor recreation enthusiasts....

Required information Use this information for the questions IE-9 through IE-12 [The following information applies to the questions displayed below.) Endless Mountain Company manufactures a single...

delete (10 pts) 8. Martin Corporation, the maker of a variety of rubber products, is in the midst of a business downturn and has many idle facilities. Nationwide Tire Company has approached Martin to...

Steel is heated until 85% austenite, with a carbon content of 1.05%, forms. Estimate the temperature and the overall carbon content of the steel.

Outline a synthesis of 1-phenylcyclohexene from benzene and cyclohexene.

Camilo's property, with an adjusted basis of $ 3 9 7 , 6 0 0 , is condemned by the state. Camilo receives property with a fair market value of $ 4 5 7 , 2 4 0 as compensation for the property taken....

The force constant of a massless spring is 2 5 . 0 N / m . A mass of 0 . 4 5 kg is oscillating in simple harmonic motion at the end of the spring

How are process and product variations lead indicators of quality?

What are the similarities and differences between TQM and ROQ?

What is cycle time? How is it measured?