Given the following data. Beginning Inventory in Units: 0 Units Produced: 5,000 Units Sold: 4,200 Sales: $420,000 Material Cost (unit-level/variable): $100,000 Variable Conversion Cost Used: $60,000 Fixed Manufacturing Cost (Facility Level): $80,000 Indirect Operating Cost (Fixed): $90,000 What is the ending inventory under variable costing? Show your complete solution.

Given the following data. Beginning Inventory in Units: 0 Units Produced: 5,000 Units Sold: 4,200 Sales: $420,000 Material Cost (unit-level/variable): $100,000 Variable Conversion Cost Used: $60,000 Fixed Manufacturing Cost (Facility Level): $80,000 Indirect Operating Cost (Fixed): $90,000 What is the ending inventory under variable costing? Show your complete solution.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

Section: Chapter Questions

Problem 31BEB: Inventory Valuation under Variable Costing Refer to the data for Pelham Company on the previous...

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K Suppose that a company offers quantity discounts. If up to 1,000 units are purchased, the unit price is $12; if more than 1,000 and up to 5,000 units are purchased, the unit price is $8.00; and if more than 5,000 units are purchased, the unit price is $7.50. Develop an Excel template using the VLOOKUP function to find the unit price associated with any order quantity and compute the total cost of the order. Complete the formulas in the spreadsheet below. Select the correct VLOOKUP function in cell C8 to find the unit price for the order quantity. (Type integers or decimals rounded to two decimal places as needed.) 1 2 3 5 6 7 8 6 A B C Purchase Quantity 1 to 1000 1001 to 5000 5001 or more Quantity Ordered Unit Price Total Cost 2400 D Unit Price $ $ $
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Question:234 Given the following data. Beginning Inventory in Units - 0 Units produced - 4,800 Units Sold 4,000 Sales $400,000 Material Cost (unit level/variable) - $96,000 Variable Conversion Cost Used - $48,000 Fixed Manufacturing Cost (Facility Level) - $72,000 Indirect Operating Cost (fixed) - $80,000 What is the difference between the variable costing ending inventory cost and the absorption costing ending inventory cost? Show your complete solution.
-> ezto.mheducation.com/ext/map/index.html?_con%3Dcon&external_browser30&launchUrl=https%253A%252F%252Flms.mheducation.com%252F Given the following: Selling price Units in beginning inventory Units produced $152 0. 9,450 9,050 Units sold Units in ending inventory 400 6:55 Variable costs per unit: Direct materials $ 28 $70 Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: $16 $20 Fixed manufacturing overhead Fixed selling and administrative expense $141,750 $ 9,800 What is the net operating income for the month under absorption costing? Multiple Choice $6,000 $34,250 $11.350 $17.350