This paper circulates around the core theme of 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. together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
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
|
|
|
