Exercise 9-6 For 20x4, Nichols, Inc. had sales of 75,000 units and production of 100,000 units. Other information for the year included: a. Direct manufacturing labor Variable manufacturing overhead Direct materials Required: b. Variable selling expenses Fixed administrative expenses Fixed manufacturing overhead There was no beginning inventory. $187,500 100,000 150,000 100,000 100,000 200,000 Compute the ending finished goods inventory under both absorption and variable costing. Compute the cost of goods sold under both absorption and variable costing.
Exercise 9-6 For 20x4, Nichols, Inc. had sales of 75,000 units and production of 100,000 units. Other information for the year included: a. Direct manufacturing labor Variable manufacturing overhead Direct materials Required: b. Variable selling expenses Fixed administrative expenses Fixed manufacturing overhead There was no beginning inventory. $187,500 100,000 150,000 100,000 100,000 200,000 Compute the ending finished goods inventory under both absorption and variable costing. Compute the cost of goods sold under both absorption and variable costing.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Exercise 9-6
For 20x4, Nichols, Inc. had sales of 75,000 units and production of 100,000 units. Other
information for the year included:
a.
Direct manufacturing labor
Variable manufacturing overhead
Direct materials
Required:
b.
Variable selling expenses
Fixed administrative expenses
Fixed manufacturing overhead
There was no beginning inventory.
$187,500
100,000
150,000
100,000
100,000
200,000
Compute the ending finished goods inventory under both absorption and variable
costing.
Compute the cost of goods sold under both absorption and variable costing.
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