Consider the following information:

	Q1	Q2	Q3
Beginning inventory (units)	0	H	600
Budgeted units to be produced	200,000	200,000	200,000
Actual units produced	199,500	200,600	O
Units sold	A	200,400	P
Variable manufacturing costs per unit produced	$100	$100	$100
Variable selling costs per unit sold	$25	$25	$25
Budgeted fixed manufacturing costs	$4,000,000	$4,000,000	$4,000,000
Fixed selling costs	$1,000,000	$1,000,000	$1,000,000
Selling price per unit	$200	$200	$200
Variable costing operating income	$9,932,500	I	$10,052,500
Absorption costing operating income	B	$10,034,000	Q
Variable costing beginning inventory ($)	C	$40,000	R
Absorption costing beginning inventory ($)	D	J	S
Variable costing ending inventory ($)	E	K	$30,000
Absorption costing ending inventory ($)	F	L	$36,000
PVV	G	M	T
Allocated fixed manufacturing costs	$3,990,000	N	$4,008,000

There are no price, efficiency, or spending variances, and any production-volume variance is directly written off to cost of goods in the quarter in which it occurs.

Complete the missing figures from the above Table. 

Answer rating: 100% (QA)

Q1 Q2 Q3 Beginning Inventory units 0 400 600 Budgeted units to be produced 200000 200000 200000 Actu... View the full answer