Shopgirl Company's actual costing records for the year ended December 31 are shown below. There was no
Fantastic news! We've Found the answer you've been seeking!
Question:
Shopgirl Company's actual costing records for the year ended December 31 are shown below. There was no finished goods inventory at January 1, and there were no work-in-process inventories at the beginning and end of the year.
Net Sales: $1,280,000
Cost of Goods Manufactured: Variable = $630,000 ----- Fixed = $315,000
Operating Expenses: Variable = $98,000 ----- Fixed $140,000
Units Manufactured = 70,000
Units Sold = 60,000
what are the operating income for this year under the direct costing method and the absorption costing method?
Related Book For
Intermediate Accounting
ISBN: 978-1119048541
11th Canadian edition Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
Posted Date: