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Calculate the company variable-costing income

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Question - The following data relate to ATV Company, a new corporation, during a period when the firm produced 120,000 units and sold 95,000 units.

Direct materials used $395,000

Direct labor 205,000

Fixed manufacturing overhead 245,000

Variable manufacturing overhead 125,000

Fixed selling and administrative expense 295,000

Variable selling and administrative expense 50,000

The company met its original planned production target of 120,000 units. There were no variances during the period, and the firm's selling price is $18 per unit.

Variable selling and administrative expense 50,000

Required:

A. What is the cost of ATV's end-of-period finished-goods inventory under the variable-costing method?

B. Calculate the company's variable-costing income.

C. Calculate the company's absorption-costing income.

 

 

Reference no: EM132037581

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