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Ques Variable costs

Ques Variable costs

FINANCIAL ACCOUNTING
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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Variable costs Operating income Ending inventory Duri unit Sales selli Cost of goods sold Ques (a) Pr Costs of goods manufactured Goods available for sale Beginning inventory Fixed costs Volume variance i Selling and administrative expenses Gross margin Contribution margin. Sales 900 units and sold 42,210 for $14.00 per unit. Variable manufacturing costs were $5.00 pe d was $84,420, Variable selling and administrative costs were $2.00 per unit sold, and fixed $18,800. statement. Pharoah Corp. Income Statement-Absorption Costing $
Transcribed Image Text:Variable costs Operating income Ending inventory Duri unit Sales selli Cost of goods sold Ques (a) Pr Costs of goods manufactured Goods available for sale Beginning inventory Fixed costs Volume variance i Selling and administrative expenses Gross margin Contribution margin. Sales 900 units and sold 42,210 for $14.00 per unit. Variable manufacturing costs were $5.00 pe d was $84,420, Variable selling and administrative costs were $2.00 per unit sold, and fixed $18,800. statement. Pharoah Corp. Income Statement-Absorption Costing $
During 2022, Pharoah Corp. produced 46,900 units and sold 42,210 for $14.00 per unit. Variable manufacturing costs were $5.00 per unit. Annual fixed manufacturing overhead was $84,420. Variable selling and administrative costs were $2.00 per unit sold, and fixed selling and administrative expenses were $18,800.
Transcribed Image Text:During 2022, Pharoah Corp. produced 46,900 units and sold 42,210 for $14.00 per unit. Variable manufacturing costs were $5.00 per unit. Annual fixed manufacturing overhead was $84,420. Variable selling and administrative costs were $2.00 per unit sold, and fixed selling and administrative expenses were $18,800.
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