Abortion and Variable COst

timer Asked: Feb 18th, 2015

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

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