Question: Identify the differences between variable and absorbent costing. Sales 10,000 units Starting inventory 800 units Final inventory 2000 units Production 12,000 units Normal capacity 13,500

Identify the differences between variable and absorbent costing.
Sales 10,000 units
Starting inventory 800 units
Final inventory 2000 units
Production 12,000 units
Normal capacity 13,500 units
Production fixed costs $ 87,000
Fixed expenses adm and sale $ 33,000
Variable production cost $ 15
Variable sale expense $ 10
Sale price $ 65

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 Finance Questions!

Q:

Please urgently answer all questions SECTION A [100 MARKS] Answer ALL the questions in this section. Use the information provided below to calculate the following variances. In each case state...

Q:

TWO: 45 MARKS (Note you are required to answer each question in a separate answer book) sanitation), which it supplies domestically as well as to international markets. SDG Ltd manufactures an...

Q:

ACW27L MANAGEMENT ACCOUNTING II TOPIC 4 TUTORIAL Question 1 The following profit reconciliation statement summarizes the performance of one of SEWS products for March. Budgeted profit Sales volume...

Q:

Martinez Company's relevant range of production is 7 , 5 0 0 units to 1 2 , 5 0 0 units . When it produces and sells 1 0 , 0 0 0 units , its average costs per unit are as follows: Direct materials...

Q:

Print1.EX.20.06.ALGO Relevant RangeandFixedandVariable Costs Child Play Inc. manufactures electronic toys within a relevant range of 61,600 to 100,800 toys per year. Within this range, the following...

Q:

Hello I've attached an Excel file (NZ1832) and I got these questions wrong: 6.01, 6.02, 6.03, 6.04, 9.01, 9.04, 9.05, 9.06, 9.09, 9.12, 9.13, 10.01, 10.03, 10.04, 10.05, 10.07, 13.01, 15.01, 15.02,...

Q:

Chapter 4Exercises 5, 8, 12, 17, and18 Problem 12 172 iStockphoto Variable Costing In 2012, the all-tube amplifier p r o d u ce d b y C l a u s e n Tu b e r e ce i ve d rave reviews and the company...

Q:

Hello, I need help solving tabs #15 , #16 and #17. Thank You! MG3286 I SEE THE LIGHT www.cybertext.com, The Book List, Building Blocks of Accounting--A Managerial Perspective, Enter MG3286.xls,...

Q:

Homework: Relevant Costing Assignment i Saved Help Save & Exit Submit Check my work Farrow Company reports the following annual results. Contribution Margin Income Statement Per Unit Annual Total 2...

Q:

Management Accounting Fundamentals assignment question from western sydney university. Please help me. Problem 1: The following information reects Wallace Company's job order production activities...

Q:

The table summarizes responses of 4383 subjects in a recent General Social Survey to the question, Within the past month, how many people have you known personally that were victims of homicide?...

Q:

Determine the mass products of inertia Ixy, Iyz, and Izx of the cast aluminum machine component shown. (The density of aluminum is 2700 kg/m3.) 22 mm 90 mm 28 mm 36 mm 22 mm 14 mm 24 mam 6 mm

Q:

Which of the following would likely be the most appropriate source of finance for a highly leveraged company facing liquidity issues? Issuing more debt Raising capital through equity Taking on a bank...

Q:

The comparative financial statements of Blige Inc. are as follows. The market price of Blige Inc. common stock was $55 on December 31, 2016. Blige Inc. Comparative Retained Earnings Statement For the...

Q:

=+ b. Assuming no population growth or technological progress, fi nd the steady-state capital

Q:

=+worker. How many years will it be before the consumption in country B is higher than the consumption in country A?

Q:

=+ a. What is the per-worker production function?