The following data relates to Alpha Company. Units in beginning inventory — Units produced 25,000 Units sold ($250 per unit) 21,000 Variable costs per unit:   Direct materials $35 Direct labor 60 Variable overhead 25 Fixed costs:   Fixed overhead per unit produced $50 Fixed selling and administrative expenses 160,000 Determine the value of ending inventory under variable costing.

Q: Aaron Corporation, which has only one product, has provided the following data concerning its most…

A: Product cost is the cost incurred on the production or making of a product. It is the cost that…

Q: company's net operating income for the year would be:

A: The Variable costing is a cost accounting method which includes only variable costs for producing…

Q: Considering the data given above, under variable costing and absorption costing, ending inventory…

A: Income statement: The income statement determines the net income of the business by subtracting the…

Q: The level of inventory of a manufactured product has increased by 7,616 units during a period. The…

A: Decrease in operating income if variable costing is used = Increase in level of inventory x fixed…

Q: The level of inventory of a manufactured product has increased by 7,819 units during a period. The…

A: Variable costing and absorption costing To calculate operating income two different methods used are…

Q: Certificate of Deposit On May 31, 2017, Elmer Corp. purchased a 120-day, 9% certificate of deposit…

A: Bad debts are the amount of credit sales, which are not received from the receivables. These bad…

Q: The following cost details relate to one unit of product Zen. Variable materials 20.40 Variable…

A: Unit product cost under marginal costing = Direct materials + Direct labor + Variable production…

Q: A company produces a single product. Variable production costs are $13.40 per unit and variable…

A: Under the variable costing, product cost includes the variable production costs unlike absorption…

Q: La Lisa uses FIFO for inventory costing: Beginning Inventory 300 units Units Produced 600 Units Sold…

A: The main difference between the absorption costing and variable costing is the treatment of fixed…

Q: At EOM Inc., the beginning inventory is 20,000 units. All of the units manufactured during the…

A: The objective of the question is to compare the operating income under variable costing and…

Q: The following information pertains to ABC Company: Manufacturing costs: $2,240,000 Units…

A: Gross margin is difference between sales revenue and cost of goods sold. Cost of goods sold =…

Q: On June 30, the end of the first month of operations, Tudor Manufacturing Co. prepared the following…

A: The income statement is prepared to record revenue and expenses for the current period. The income…

Q: Given the following: Selling price $164 Units in beginning inventory Units produced 12,100 Units…

A: First we need to understand the meaning of period cost. Period cost are the cost which are not…

Q: ABC Company’s operating income was P900,000 under absorption costing and P850,000 under variable…

A: Ending inventory units = Difference in operating income / Fixed overhead per unit

Q: The level of inventory of a manufactured product has increased by 8,366 units during a period. The…

A: The objective of the question is to determine the effect on operating income if variable costing is…

Q: The level of inventory of a manufactured product has increased by 8,413 units during a period. The…

A: Variable costing is one of the cost allocation methods that is used by a company to allocate costs…

Q: Shalom Company provided the following data pertaining to its unit costs: Fixed selling Variable…

A: The unit cost is calculated as total cost divided by number of units produced. Using variable…

Q: Kilko Company has the following costs associated with its production and sales. Beginning Inventory…

A: Under absorption costing, fixed manufacturing costs are included in the cost of inventory and is…

Q: Tane corp had net income of $214,000 based on variable costing. Beginning and ending inventories…

A: A accounting management technique called "absorption costing," often called "full costing," keeps…

Q: A company has $45,000 of net income using absorption costing. Its beginning inventory contained…

A: Fixed overhead is not incorporated in the inventory value in variable costing. Absorption costing,…

Q: Razor Ltd had net income of 918,000 based on variable costing. Beginning and ending inventories were…

A: Variable costs: These costs are incurred in conjunction to the volume of goods produced or sold. It…

Q: The level of inventory of a manufactured product has increased by 7,147 units during a period. The…

A: Absorption Costing: The approach of management accounting known as "absorption costing," which is…

Q: absorption costing

A: The operating income under absorption costing will be lower by the increase in units of inventory…

Q: Rebel Company manufactures a single product and has the following cost structure: Variable cost per…

A: Variable costing seems to be a way of assigning solely variable costs to inventories. This method…

Q: The level of inventory of a manufactured product has increased by 9,022 units during a period. The…

A: The objective of the question is to determine the effect on operating income if absorption costing…

Q: company produces a single product. Váriáble productioh costs are ed manufacturing overhead totals…

A: Introduction:- The computation of the ending inventory under variable costing as follows under:-…

Q: Question 1: Pamlico Manufacturing Ltd h

A: An Income statement shows the financial position of the company It is an important statement that…

Q: Donovan Company incurred the following costs while producing 500 units: direct materials, $10 per…

A: In variable costing, only the variable cost is taken into consideration while computing the value of…

Q: Bambam grp. has income of 3000 under variable costing. Product cost per unit under Variable costing…

A: Under Variable costing only, Variable manufacturing costs (i.e., Direct materials, Direct Labor and…

Q: Silver Corporation produces a single product. During the current year, Silver produced 30,000 units…

A: The major difference in the income of variable costing and absorption costing occurs due to the…

Q: Puif Company's absorption costing income statements for the last two years are presented below: Year…

A:

Q: Bronze Enterprise had an ending inventory of P100,000 under absorption costing. Ending inventory…

A: Under absorption costing, the ending inventory comprises of fixed as well as variable production…

Q: A manufacturer reports the following costs to produce 19,000 units in its first year of operations:…

A: VARIABLE COSTINGVariable Costing is a Cost Managerial Accounting Method in which all variable cost…

Q: During its first year of operation Mazer Manufacturing Company produced 3,500 units of inventory and…

A: The calculation of unit product cost is as follows: The resultant table is as follows:

Q: a single product and has the following cost structure: Fixed Costs Production Rebel Co. manufactures…

A: Ending inventory is the amount of inventory that an entity has in hand at the end of the period. It…

Q: Assume the following information for a company that produced 10,000 units and sold 9,000 units…

A: Variable costing: It implies to a costing method whereby only variable expenses are assigned or…

Q: Zaria Inc. provides the following cost information for producing 10,000 units of inventory during…

A: The objective of the question is to calculate the product cost per unit under absorption costing.…

Q: Under the absorption costing method, NUBD’s operating income for 2021 would be 2. What would be…

A: Formula: Variable cost of goods manufactured per unit = Total variable cost of goods manufactured /…

Q: A firm has a net income of $918,000 based on variable costing. Beginning and ending inventories…

A:

Q: Chuck Wagon Grills, Incorporated, makes a barbecue grill it sells for $210. Data for last year's…

A: The break-even point is the point at which total cost and total revenue are equal, meaning there is…

Q: a) A company manufactures a single product. Unit costs are:                      $/Unit…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: Findus Foods company produced 370,000 units and sold 310,000 units at a sales price of $50 per unit.…

A: Absorption Costing -Under Absorption Costing method of product cost is calculated by considering…

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.