Question: Can you Please explain me this Problem the way it is Required to answer? Thanks! King's Grant Golf Co. sells a special putter for $120
Can you Please explain me this Problem the way it is Required to answer? Thanks!


King's Grant Golf Co. sells a special putter for $120 each. In March, it sold 32,000 putters while manufacturing 34,000. There was no beginning inventory on March 1. Production information for March was: Direct Labour Per Unit 15 minutes Fixed Selling & Administrative Costs $50,000 Fixed Manufacturing Overhead $142,800 Direct Materials Cost Per Unit $12 Direct Labour Per Hour $32 Direct Labour Per Unit $8 Variable Manufacturing Overhead Per Unit $6 Variable Selling Expenses Per Unit $3Required: 1) Compute the inventoriable cost per unit under: Absorption Costing b) Variable Costing c) Throughput Costing 2) Compute the ($) value of the ending inventory of putters under: a) Absorption Costing b) Variable Costing c) Throughput Costing 3) Prepare an income statement for March using: a) Variable Costing b) Throughput Costing
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
