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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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