Crazy Horse Corp. produces handcrafted coup sticks. The Sticks are sold S833. Selected data for the...

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Crazy Horse Corp. produces handcrafted coup sticks. The Sticks are sold S833. Selected data for the company's operations last year follow: SHOW YOUR CALCULATIONS for those questions that require calculations! Units in beginning FG inventory Units produced Units sold 23,000 21,000 Units in ending FG inventory Variable costs per unit: Direct materials ? $110 $520 S53 Direct labor Variable MOH Variable S&A S17 Fixed costs $690,000 $630,000 Fixed MOH Fixed S&A Answer the following questions. 1. How many units were produced? 2. How many units were sold? 3. How many units were in ending inventory? 4. Calculate unit product cost using absorption costing 5. Calculate unit product cost using variable costing 6. Calculate COGS using absorption costing (this is the absorption costing unit product cost x units sold). 7. Calculate COGS using variable costing (this is the variable costing unit product cost x units sold). Crazy Horse Corp. produces handcrafted coup sticks. The Sticks are sold S833. Selected data for the company's operations last year follow: SHOW YOUR CALCULATIONS for those questions that require calculations! Units in beginning FG inventory Units produced Units sold 23,000 21,000 Units in ending FG inventory Variable costs per unit: Direct materials ? $110 $520 S53 Direct labor Variable MOH Variable S&A S17 Fixed costs $690,000 $630,000 Fixed MOH Fixed S&A Answer the following questions. 1. How many units were produced? 2. How many units were sold? 3. How many units were in ending inventory? 4. Calculate unit product cost using absorption costing 5. Calculate unit product cost using variable costing 6. Calculate COGS using absorption costing (this is the absorption costing unit product cost x units sold). 7. Calculate COGS using variable costing (this is the variable costing unit product cost x units sold).

Answer rating: 100% (QA)

Answer 1 Units produced 23000 D Answer 2 Units sold 21000 Answer 3 Units in ending invento... View the full answer