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Other Fields Homework Help Economics Topic started by: StormLrd on Nov 5, 2017



Title: Longview Golf Company sells a special putter for $20 each. In March it sold 28,000 putters while ...
Post by: StormLrd on Nov 5, 2017
Longview Golf Company sells a special putter for $20 each. In March it sold 28,000 putters while manufacturing 30,000. There was no beginning inventory on March 1. Production information for March was:

Direct manufacturing labour per unit   15 minutes
Fixed selling and administrative costs    $40,000
Fixed manufacturing overhead   $132,000
Direct materials cost per unit   $2
Direct manufacturing labour per hour   $24
Variable manufacturing overhead per unit    $4
Variable selling expenses per unit   $2

Required:
a.   Compute the cost per unit under both absorption and variable costing.
b.   Compute the ending inventories under both absorption and variable costing.
c.   Compute operating income under both absorption and variable costing.


Title: Re: Longview Golf Company sells a special putter for $20 each. In March it sold 28,000 putters while ...
Post by: Allopa on Nov 5, 2017
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