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Digital edge inc assembles and sells mp3 players the

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Digital Edge Inc. assembles and sells MP3 players. The company began operations on May 1, 2010, and operated at 100% of capacity during the first month. The following data summarize the results for May:

a) What is the cost of goods sold using the absorption cost system?
b) What is the variable cost of goods sold using the variable costing concept?

  • Sales (14,000 units) $1,820,000
  • Production costs (18,000 units)
  • Direct Materials $865,800
  • Direct Labor 421,200
  • Variable Factory Overhead 210,600
  • Fixed Factory Overhead 140,400 1,638,000
  • Selling and administrative expenses
  • Variable selling and administrative expenses $254,800
  • Foxed selling and administrative expenses 100,000 354,800

Reference no: EM13597134

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