1. Under the absorption costing method, NUBD’s operating income for 2021 would be2. What would be NUBD’s finished inventory cost at December 31, 2021 under the variable costing method? Information from NUBD Company's records for the year ended December 31, 2021 isavailable as follows:Units soldNet salesCost of goods manufactured:VariableFixed60,000 Units manufacturedP 1,400,000 Operating expenses:Variable630,000 Fixed315,000 FG Inventory, beg.70,000P 98,000140,000none

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

Answered: Under the absorption costing method,…

Under the absorption costing method, NUBD’s operating income for 2021 would be 2. What would be NUBD’s finished inventory cost at December 31, 2021 under the variable costing method?

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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Question

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1. Under the absorption costing method, NUBD’s operating income for 2021 would be

2. What would be NUBD’s finished inventory cost at December 31, 2021 under the variable costing method?

Information from NUBD Company's records for the year ended December 31, 2021 is
available as follows:
Units sold
Net sales
Cost of goods manufactured:
Variable
Fixed
60,000 Units manufactured
P 1,400,000 Operating expenses:
Variable
630,000 Fixed
315,000 FG Inventory, beg.
70,000
P 98,000
140,000
none

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