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Acme Company produces a single product which it sells for $90 per unit. During the current yea Acme had 3,400 units in beginning inventory and produced 10.500 units. Here is Acme's currens year contribution margin income statement, prepared using variable costing: Sales Variable cost of goods sold Variable selling and administrative expenses Contribution margin Fixed manufacturing costs Fixed selling and administrative expenses Operating income Per-unit manufacturing costs were the same in prior years. What is the ending inventory balanc using absorption costing? O $240,500 O $204.750 O$243,750 $900,000 525,000 135,000 $240,000 105,000 26,250 $108,750 $264,000

Acme Company produces a single product which it sells for $90 per unit. During the current yea Acme had 3,400 units in beginning inventory and produced 10.500 units. Here is Acme's currens year contribution margin income statement, prepared using variable costing: Sales Variable cost of goods sold Variable selling and administrative expenses Contribution margin Fixed manufacturing costs Fixed selling and administrative expenses Operating income Per-unit manufacturing costs were the same in prior years. What is the ending inventory balanc using absorption costing? O $240,500 O $204.750 O$243,750 $900,000 525,000 135,000 $240,000 105,000 26,250 $108,750 $264,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Acme Company produces a single product which it sells for $90 per unit. During the current year. Acme had 3,400 units in beginning inventory and produced 10.500 units. Here is Acme's current- year contribution margin income statement, prepared using variable costing: Sales Variable cost of goods sold Variable selling and administrative expenses Contribution margin Fixed manufacturing costs Fixed selling and administrative expenses Operating income Per-unit manufacturing costs were the same in prior years. What is the ending inventory balance using absorption costing? $240,500 O $204.750 O$243,750 $900,000 525,000 135,000 $240,000 105,000 26,250 $108,750 O$264,000
Transcribed Image Text:Acme Company produces a single product which it sells for $90 per unit. During the current year. Acme had 3,400 units in beginning inventory and produced 10.500 units. Here is Acme's current- year contribution margin income statement, prepared using variable costing: Sales Variable cost of goods sold Variable selling and administrative expenses Contribution margin Fixed manufacturing costs Fixed selling and administrative expenses Operating income Per-unit manufacturing costs were the same in prior years. What is the ending inventory balance using absorption costing? $240,500 O $204.750 O$243,750 $900,000 525,000 135,000 $240,000 105,000 26,250 $108,750 O$264,000
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