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Determine operating income using absorption-costing approach

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Question - The following data are available for Marble Hill Factory for the year ended 31 December 2020.

Sales: 24,000 units at $50 each

Expected and actual production: 30,000 units

Manufacturing costs incurred, in the production of 30,000 units:

Variable: $525,000

Fixed: $372,000

Non-manufacturing costs incurred in the production of 30,000 units:

Variable: $144,800

Fixed: $77,400

Beginning inventories: none

REQUIRED -

A) Determine operating income using the variable-costing approach.

B) Determine operating income using the absorption-costing approach.

Reference no: EM132848991

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