Abortion and Variable COst

Price: $10 USD

Question description

DeJager Company reported the following information about the production and sales of its only product:

Direct materials used  $32,000

Direct labour  $20,000

Variable factory overhead  $12,000

Fixed factory overhead  $16,000

Variable selling and administrative expenses  $ 4,000

Fixed selling and administrative expenses  $ 6,000

Beginning inventories  none

Ending inventories:

Direct materials  -0-

WIP  -0-

Finished goods   600 units

Sales ($45 per unit)  $63,000

Calculate the following:

a) ending inventory under variable costing

b) ending inventory under absorption costing

c) operating income (loss) under variable costing

d) operating income (loss) under absorption costing

Tutor Answer

(Top Tutor) Daniel C.
School: UCLA
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