Belle Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Units produced this year 105,000 units Units sold this year 63,000 units Direct materials $ 29 per unit Direct labor $ 31 per unit Variable overhead $ 3 per unit Fixed overhead $ 918,750 in total Belle Company's product is sold for $89 per unit a Variable selling and administrative expense is $2 per unit and fixed selling and administrative is $370,000 per year. Compute the net income under variable costing.

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A: The cost of goods manufactured during the period was $225,600

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A: The costs incurred for the production are classified as period and product costs. The product costs…

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Q: $ 134 Selling price Units in beginning inventory Units produced 7,600 Units sold 7,300 Units in…

A: Correct answer:- $11,900

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Q: Answer

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A: Variable costing is a management accounting method that only considers variable costs, such as…

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A: A managerial accounting technique called absorption costing is used to assign all production…

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A: Variable Costing - In this costing method, variable costs are considered while preparing the cost of…

Q: r last year, L. Mosely Manufacturing reported the following: $420,000 venue ginning inventory of…

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A: Variable Costing - Variable costing formula = Sales - Variable Costs - Fixed Cost = Operating Income…

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A: "Since you have posted a question with multiple sub parts, we will solve first three sub-parts for…

Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.