Question: Problem # 34 A company produces a single product Variable production costs = $ 12/unit and, Variable Selling & Administrative (SG&A) Expenses are $ 3/unit.
Problem # 34 A company produces a single product Variable production costs = $ 12/unit and, Variable Selling & Administrative (SG&A) Expenses are $ 3/unit. Fixed manufacturing overhead totals $36,000, and Fixed SG&A = $ 40,000. Assuming a beginning inventory of zero units, with production of 4,000 units and sales of 3,600 units, the dollar value of the ending inventory using the variable costing method would be _$ using the absorption costing method would be _$
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
