The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit:
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Question:
The Southern Corporation manufactures a single product and has the following cost structure:
Variable costs per unit: | |
---|---|
Production | $ 35 |
Selling and administrative | $ 13 |
Fixed costs per year: | |
Production | $96,320 |
Selling and administrative | $84,760 |
Last year, 6,020 units were produced and 5,920 units were sold. There was no beginning inventory.
The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be:
Related Book For
Accounting for Decision Making and Control
ISBN: 978-0078025747
8th edition
Authors: Jerold Zimmerman
Posted Date: