Begiining Inventory in Units 0
Units produced 4,800
Units Sold 4,000
Sales $400,000
Material Cost ( unit level/variable) $96,000
Variable Conversion Cost Used $ 48,000
Fixed Manufacturing Cost (Facility Level) $72,000
Indeirect Operating Cost(fixed) $80,000
Show all solutions step by step.
1. What is the cost of goods sold under variable costing?
2. The cost of goods sold under absortion costing is?
3. The operating income under variable costing?
4. The operating income under absorption costing?
5. The ending inventory under variable costing?
6. The ending inventory under absortion costing?
7. The difference between the variable costing ending inventorycost and the absorption costing ending inventory cost is?