Please do not give answer in image formate solve question 1 complete . Laser-Save recycles used toner cartridges for laser printers.1) In October, 1,000 cartridges were recycled and sold:Direct materialsDirect labor$ 5/unit$15/unit$ 3/unitVariable overheadFixed overheadVariable selling & admin.Fixed selling & admin.Selling pricea) Absorption costingi) Manufacturing cost/unit =ii) Operating income =b) Variable costing$20,000$1.25/unit$12,0001) Manufacturing cost/unit-ii) Operating income-iii) Ending inventory -b) Variable costing$23/unit variable costi) Manufacturing cost/unit=ii) Operating income =2) In November, 1,250 cartridges were recycled and 1,000 were sold:a) Absorption costing$60/uniti) Manufacturing cost/unitii) Operating income.iii) Ending inventory =c) Why is operating income higher under absorption costing than undervariable costing?2

The income statement can be prepared using various methods as absorption costing and variable…

Laser-Save recycles used toner cartridges for laser printers. 1) In October, 1,000 cartridges were recycled and sold: Direct materials Direct labor Variable overhead Fixed overhead $ 5/unit $15/unit $ 3/unit Variable selling & admin. Fixed selling & admin. Selling price a) Absorption costing $20,000 $1.25/unit $12,000 i) Manufacturing cost/unit = ii) Operating income = b) Variable costing i) Manufacturing cost/unit i) Operating income $23/unit variable cost $60/unit

Laser-Save recycles used toner cartridges for laser printers. 1) In October, 1,000 cartridges were recycled and sold: Direct materials Direct labor Variable overhead Fixed overhead $ 5/unit $15/unit $ 3/unit Variable selling & admin. Fixed selling & admin. Selling price a) Absorption costing $20,000 $1.25/unit $12,000 i) Manufacturing cost/unit = ii) Operating income = b) Variable costing i) Manufacturing cost/unit i) Operating income $23/unit variable cost $60/unit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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