Question: Dear sir , please help to solve this problem with an explanation King's Grant Golf Co. sells a special putter for $120 each. In March.

Dear sir , please help to solve this problem with an explanation

Dear sir , please help to solve this problem with an explanation

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 $3 Reguired: 1) Compute the inventoriable cost per unit under: a) Absorption Costing b) Variable Costing c) Throughput Costing 2) Compute the ($) 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

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