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.

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.

Consider the following information:


Q1

Q2

Q3

Beginning
inventory (units)

0

J

1,100

Budgeted
units to be produced

20,000

20,000

20,000

Actual
units produced

19,000

20,600

Q

Units
sold

A

20,600

R

Variable
manufacturing costs per unit produced

$150

$150

$150

Variable
marketing costs per unit sold

$20

$20

$20

Budgeted
fixed manufacturing costs

$500,000

$500,000

$500,000

Fixed
marketing costs

$200,000

$200,000

$200,000

Selling
price per unit

$300

$300

$300

Variable
costing operating income

B

$1,978,000

S

Absorption
costing operating income

C

K

$1,859,000

Variable
costing beginning inventory ($)

D

$165,000

T

Absorption
costing beginning inventory ($)

E

L

U

Variable
costing ending inventory ($)

F

M

$75,000

Absorption
costing ending inventory ($)

G

N

$87,500

PVV

H

O

V

Allocated
fixed manufacturing costs

I

P

$480,000

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. You
need to show your work in order to be eligible for partial credit.

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




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