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VARIABLE COSTING- SALES EXCEED PRODUCTION
Please help me UNDERSTAND how to work this problem.
The beginning inventory is 9,600 units. All of the units that were manufactured during the period and 9,600 units of the beginning inventory were sold. The beginning inventory fixed manufacturing costs are $21 per unit, and variable manufacturing costs are $60 per unit.
a. Determine whether variable costing income from operations is less than or greater than absorption costing income from operations.
b. Determine the difference in variable costing and absorption costing income from operations.
The fixed costs per unit are $10 when a company produces 10,000 units of product. What are the fixed costs per unit when 8,000 units are produced?
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On January 1, 2013, the Accounts Receivable balance was $18,500 and the balance in the Allowance for Doubtful Accounts was $1,400. On January 15, 2013 a $400 uncollectible account was written-off. The net realizable value of accounts receivable immed..
Irwin, Inc., constructed a machine at a total cost of $35 million. Construction was completed at the end of 2009 and the machine was placed in service at the beginning of 2010. The machine was being depreciated over a 10-year life using the straight-..
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