Quiz 1S11 answers in excel

Quiz 1S11 answers in excel - ABSORPTION VS VARIABLE COSTING...

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CHAPTER 3 First year of operation Number of units produced 10,000 Number of units sold 8,000 Per Unit Sale Price $100.00 Direct Materials $16.00 Direct Labour $12.00 Variable Manufacturing Overhead $15.00 Variable Selling & Admin $11.00 Annual Fixed Manufacturing Overhead $180,000 Annual Fixed Selling & Admin $64,000 i. Absorption costing ii. Variable Costing Fixed manufacturing cost per unit $18.00 per unit Manufacturing cost per unit Direct Materials $16 $16 Direct Labour $12 $12 Variable Manufacturing Overhead $15 $15 Fixed Manufacturing Overhead $18 $- COGS per unit $61 $43 Units sold 8,000 8,000 COSG fye May 31, 2011 $488,000 $344,000 Finished Goods Inventory Manufacturing cost per unit $43 Number of units in FG inventory 2,000 $86,000 Calculate the Cost of Goods Sold for the year and the Finished Goods Inventory account balance at May 31st 2011 using: Absorption Costing Variable Costing
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This document was uploaded on 10/27/2011 for the course ADMS 2510 at York University.

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Quiz 1S11 answers in excel - ABSORPTION VS VARIABLE COSTING...

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