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StormLrd StormLrd
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6 years ago
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.
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
Authors:
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AllopaAllopa
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StormLrd Author
wrote...

6 years ago
Good timing, thanks!
jbarnett14
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Yesterday
Smart ... Thanks!
Jodias
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2 hours ago
Thanks
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