Variable costing, Absorption costing,Cost allocation and Activity based costing

Mar 29th, 2015
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I solved problems about variable costing, absorption costing, cost allocation and activity based costing problems with detailed workings, calculations and computations.These are for every one who want to learn variable costing and absorption costing difference and also other given costing methods.If you need any help, contact me without any hesitation.

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1. Biff Enterprises, Inc. reports the following information:200920102011Units sold20,00020,00020,000Units produced20,00024,00016,000Fixed production costs$1,200,000$1,200,000$1,200,000Variable production costs per unit$ 200$ 200$ 200Selling price per unit$ 400$ 400$ 400Fixed selling and administrative expenses$ 400,000$ 400,000$ 400,000Calculate the value of the ending inventory using both absorption costing and variable costing. 2009 2010 2011 Beginning inventory in units - - 4,000 Add Units produced 20,000 24,000 16,000 Units available for sale 20,000 24,000 20,000 Less Units sold 20,000 20,000 20,000 Ending inventory in units - 4,000 -There are no ending inventory in 2009, and 2011.Only in 2010, 4,000 units are available as ending inventory. Biff Enterprises, Inc Calculation of Ending Inventory under Absorption Costing (2010)Variable production costs (24,000 units*$200) $4,800,000Fixed production costs

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