Compute ending inventory valuation under absorption andnbsp

Assignment Help Financial Accounting

Reference no: EM13356013

Compute Ending inventory valuation under absorption and variable costing

Consider the following information pertaining to a year operations of Youngstown Manufacturing:

Units sold 1,400

Units produced 1,600

Direct labor $4,200

Direct materials used 3,500

Fixed manufacturing overhead 2,200

Variable manufacturing overhead 300

Selling and administrative expenses (all fixed) 700

Beginning inventories 0

Contribution margin 5,600

Direct-material inventory, end 800

There are no work-in-process inventories.

1. What is the ending finished-goods inventory cost under absorption costing?

2. What is the ending finished-goods inventory cost under variable costing?

Reference no: EM13356013

Questions Cloud

Cost of goods manufactured balance in the raw materials : cost of goods manufactured balance in the raw materials inventory account.dasilvia company had only 1 job in process on

Ending work in process inventorythe morgan company uses the : ending work in process inventory.the morgan company uses the weighted average method in its process costing system.

Compute the overhead variancesconsider the following data : compute the overhead variances.consider the following data for the rivera companyfactory overheadfixed variableactual

Compute the operating income for 2007chan manufacturing : compute the operating income for 2007chan manufacturing company data for 20x7 followsales 12000 units at 17 eachactual

Compute ending inventory valuation under absorption andnbsp : compute ending inventory valuation under absorption andnbsp variable costingconsider the following information

Explain cash receipt versus revenuescash receipts versus : explain cash receipt versus revenuescash receipts versus revenues during the month of april. simpson co. had cash

Compute the contribution margin income statementzins : compute the contribution margin income statementzins corporation produces and sells a single product. the company

Find out the shareholders equityconstruct a balance sheet : find out the shareholders equityconstruct a balance sheet for xyz company from the following data. whats the

Calculation of the overunder absorbed overheadthe alphonse : calculation of the overunder absorbed overhead.the alphonse company allocates fixed overhead costs by machine hours and

User Account

All Pages