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Home Q & A Board Other Fields Homework Help Business Accounting
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jerico jerico
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9 years ago
For 2011, Nichols, Inc., had sales of 150,000 units and production of 200,000 units. Other information for the year included:

   Direct manufacturing labor   $187,500
   Variable manufacturing overhead   100,000
   Direct materials   150,000
   Variable selling expenses   100,000
   Fixed administrative expenses   100,000
   Fixed manufacturing overhead   200,000

   There was no beginning inventory.

Required:
a.   Compute the ending finished goods inventory under both absorption and variable costing.
b.   Compute the cost of goods sold under both absorption and variable costing.
Textbook 
Cost Accounting

Cost Accounting


Edition: 14th
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cyborgcyborg
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9 years ago
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jerico Author
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#2
9 years ago
I can confidently say that it looks and sounds right lol Thank you Slight Smile Give this man a thumbs up.
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#3
9 years ago
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