Unformatted text preview: Product (Inventoriable) cost per unit under variable costing and absorption
e. None of the above 2. Calculate the Period cost per unit under variable costing and absorption costing? a.
None of the above Absorption
$49 3. a.
e. Rose Corporation produces a single product. Last year, the company had net operating
income of $50,000 using variable costing. Beginning and ending inventories were 13,000
units and 18,000 units, respectively. If the fixed manufacturing overhead cost was $2.00 per
unit, what would have been the net operating income using absorption costing?
None of the above
For the most recent year, Atlantic Company's net income computed by the absorption
costing method was $7,400, and its net income computed by the variable costing method
was $10,100. The company's unit product cost was $17 under variable costing and $22
under absorption costing. What must have been the beginning inventory if the ending
inventory consisted of 1,460 units?
None of the above...
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- Winter '14
- Generally Accepted Accounting Principles, variable costing method, Atlantic Company, Prepare income statements