Question: Answer #4 please Variable Costing, Value of Ending Inventory, Operating Income Pattison Products, Inc., began operations in October and manufactured 42,000 units during the month

 Answer #4 please Variable Costing, Value of Ending Inventory, Operating IncomePattison Products, Inc., began operations in October and manufactured 42,000 units during Answer #4 please

Variable Costing, Value of Ending Inventory, Operating Income Pattison Products, Inc., began operations in October and manufactured 42,000 units during the month with the following unit costs: Fixed overhead per unit =$252,000/42,000 units produced =$6.00 Total fixed factory overhead is $252,000 per month. During October, 40,800 units were sold at a price of $23.5, and fixed marketing and administrative expenses were $110,700. Required: 1. Calculate the cost of each unit using variable costing. Round your final answer to the nearest cent. $ per unit 2. How many units remain in ending inventory? units What is the cost of ending inventory using variable costing? 3. Prepare a variable-costing income statement for Pattison Products, Inc., for the month of October. Feedback Check My Work 4. What if November production was 42,000 units, costs were stable, and sales were 43,000 units? What is the cost of ending inventory? If an amount is zero, enter "0". \$ X What is operating income for November? $

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!