Not even sure where to being with this problem, please help Transcript:### b-2.If 6,800 of these recorders were in finished goods inventory at the end of 2019, by how much and in what direction (higher or lower) would 2019 cost of goods sold and operating income be different under variable costing than under absorption costing? **(Round your intermediate calculations to 2 decimal places.)**- Under variable costing, the cost of goods sold would be [ ] than under absorption costing.- Under variable costing, the operating income would be [ ] than under absorption costing.### c-1.Express the digital voice recorder cost in a cost formula. **(Round your answers to 2 decimal places.)**- Total cost = [ ] + [ ] per digital voice recorder produced.### c-2.What does this formula suggest the total cost of making an additional 825 recorders would be? **(Do not round intermediate calculations.)**- Total additional cost [ ] **Williamson Inc. Cost Analysis for EZ 9900 Model**Williamson Inc. manufactures digital voice recorders. In 2019, the company incurred the following costs to produce 52,000 units of the new EZ 9900 model:- **Raw materials**: \$447,200- **Direct labor**: \$738,400- **Variable manufacturing overhead**: \$187,200- **Fixed manufacturing overhead**: \$176,800**Required Tasks:****a. Cost per Recorder Calculation** Calculate the cost per recorder for both variable costing and absorption costing methods. Ensure to round your answers to two decimal places.- **Variable Costing**: \$29.41 each- **Absorption Costing**: *(Calculation not provided in the image)***b-1. Ending Inventory Cost Calculation** If 6,800 recorders remained as finished goods inventory at the end of 2019, determine the total fixed cost associated with the ending inventory. Round your calculations to two decimal places.- **Total fixed cost associated with ending inventory**: *(Calculation not provided in the image)***Note:**These calculations are fundamental for understanding the financial implications of manufacturing and inventory valuation under different costing methods.

Marginal costing: Under this costing, it is assumed that only the variable cost is the product cost.…

Williamson Inc. manufactures digital voice recorders. During 2019, total costs associated with manufacturing 52,000 of the new EZ 9900 model (introduced this year) were as Follows: Raw materials Direct labor $447,200 738,400 187, 200 176, 800 Variable manufacturing overhead Fixed manufacturing overhead Required: a. Calculate the cost per recorder under both variable costing and absorption costing. Round your answers to 2 decimal places.) Cost per recorder Variable costing $ 29.41 each Absorption costing each

Williamson Inc. manufactures digital voice recorders. During 2019, total costs associated with manufacturing 52,000 of the new EZ 9900 model (introduced this year) were as Follows: Raw materials Direct labor $447,200 738,400 187, 200 176, 800 Variable manufacturing overhead Fixed manufacturing overhead Required: a. Calculate the cost per recorder under both variable costing and absorption costing. Round your answers to 2 decimal places.) Cost per recorder Variable costing $ 29.41 each Absorption costing each

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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