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The follow data relates ot year 20XX for Plano Manufacturing Company:Units produced - 2,000Units sold - 1,800Selling price - $200 / per unitDirect material costs - $80,000Direct labor costs - $26,000Variable overhead - $18,000Variable selling costs - $6,000Fixed overhead - $40,000Fixed selling costs - $60,000Required:a) Calculate cost of goods sold under throughput costing, variable costing, and absorption costing.b) Calculate ending inventory under throughput costing, variable costing, and absorption costing.c) Calculate operating income under throughput costing, variable costing, and absorption costing.
BEP- Break Event Point: It shows no Loss and no Profit The level of activity at which, total revenues equivalent total costs. A point at which there is no profit and no loss.
standard hours = 5000 standard wages = Rs.3/hr actual hours worked = 5600 hrs actual wages paid = 17920
L ABOUR VARIANCES Labour Cost Variance (LCV) Described by the ICMA, London, 'Labour cost variance is the variation between the standard direct wages specified for the pro
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The Accountant has also asked for you to assist in preparing the statement of financial position (balance sheet) for the Construction in Building partnership for the year ended 30
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