The following information pertains to Maverick Industries: • Beginning inventory: 1,500 units Ending inventory: 5,500 units Direct labor per unit: $35 . Direct materials per unit: $25 . Variable overhead per unit: $12 . Fixed overhead per unit: $28 Variable selling and administrative costs per unit: $8 . Fixed selling and administrative costs per unit: $16 What is the value of the ending inventory using the variable costing method?

The following information pertains to Maverick Industries: • Beginning inventory: 1,500 units Ending inventory: 5,500 units Direct labor per unit: $35 . Direct materials per unit: $25 . Variable overhead per unit: $12 . Fixed overhead per unit: $28 Variable selling and administrative costs per unit: $8 . Fixed selling and administrative costs per unit: $16 What is the value of the ending inventory using the variable costing method?

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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