Question: How much fixed manufacturing overhead is in ending inventory under full costing? Fixed manufacturing overhead in ending inventory$(_________)enter fixed manufacturing overhead in dollars Compare this
How much fixed manufacturing overhead is in ending inventory under full costing?
Fixed manufacturing overhead in ending inventory$(_________)enter fixed manufacturing overhead in dollars
Compare this amount to the difference in the net incomes calculated in Exercise 5-13.
Shovels produced
50,500
Shovels sold
(45,800)
Shovels in ending inventory
4,700 Fixed Manufacturing Overhead per unit$3.30Difference in net income
$15,510
The amount of fixed manufacturing overhead in ending inventory under full costing is
equal to
greater than
less than
the difference in net income between full costing and variable costing.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
