Digital edge inc assembles and sells mp3 players the

Reference no: EM13597134

Digital Edge Inc. assembles and sells MP3 players. The company began operations on May 1, 2010, and operated at 100% of capacity during the first month. The following data summarize the results for May:

a) What is the cost of goods sold using the absorption cost system?
b) What is the variable cost of goods sold using the variable costing concept?

Sales (14,000 units) $1,820,000
Production costs (18,000 units)
Direct Materials $865,800
Direct Labor 421,200
Variable Factory Overhead 210,600
Fixed Factory Overhead 140,400 1,638,000
Selling and administrative expenses
Variable selling and administrative expenses $254,800
Foxed selling and administrative expenses 100,000 354,800

Reference no: EM13597134

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