There are no price efficiency or spending variances and any

Assignment Help Accounting Basics

Reference no: EM13453913

Consider the following information:

	Q1	Q2	Q3
Beginning inventory (units)	0	J	300
Budgeted units to be produced	4,000	4,000	Q
Actual units produced	3,800	4,200	4,100
Units sold	A	4,000	R
Variable manufacturing costs per unit produced	$125	$125	$125
Variable marketing costs per unit sold	$40	$40	$40
Fixed manufacturing costs	$600,000	$600,000	$600,000
Fixed marketing costs	$250,000	$250,000	$250,000
Selling price per unit	$400	$400	$400
Variable costing operating income	B	$90,000	S
Absorption costing operating income	C	K	$130,500
Variable costing beginning inventory	D	$12,500	T
Absorption costing beginning inventory	E	L	U
Variable costing ending inventory	F	M	$12,500
Absorption costing ending inventory	G	N	$27,500
PVV	H	O	V
Allocated fixed manufacturing costs	I	P	$615,000

There are no price, efficiency, or spending variances, and any production-volume variance is directly written off to cost of goods in the quarter in which it occurs.

Complete the missing figures from the above Table.

Q1	Q2	Q3
A	J	Q
B	K	R
C	L	S
D	M	T
E	N	U
F	O	V
G	P
H
I

Reference no: EM13453913

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