Account Help

Exercise 8-21 Absorption and Variable Costing (LO 8-1) Information taken from Tuscarora Paper Company's records for the most recent year is as follows: Direct material used Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs $ 291,000 143,200 79,000 119,000 71,200 39,100 Required: 1. Assuming Tuscarora Paper Company uses variable costing, compute the inventoriable costs for the year. 2. Compute the year's inventoriable costs using absorption costing. Inventoriable costs 1. Variable costing 2. Absorption costing