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

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ABSORPTION VS VARIABLE COSTING 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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Estimated Annual Overhead Cost \$450,000 Actual Annual Overhead Cost \$426,000 Anticipated Direct Labour Hours for the year 75,000 Actual Direct Labour hours for the year 70,500 Predetermined OH rate =
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Quiz 1S11 answers in excel - ABSORPTION VS VARIABLE COSTING...

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