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How do calculate the operating income for x ltd

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Reference no: EM132984248

X Ltd makes widgets.

  • It has no opening inventory
  • Budgeted and actual fixed manufacturing costs are $100,000
  • Budgeted and actual fixed non- manufacturing costs are $40,000
  • Budgeted and actual production are 10,000 units
  • Variable manufacturing cost was $30 per unit
  • Variable non-manufacturing cost was $5 per unit sold
  • X Ltd sold 9,000 units at $60 per unit

Problem 1: Calculate the Operating Income according to both Absorption and Variable costing and explain the difference

Reference no: EM132984248

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