Solution-Is the only thing not included is the fixed

Is the only thing not included is the fixed manufacturing

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Reference no: EM132516162

Companys fiscal year info below

Selling price per unit $ 150

Direct material per unit $ 75

Direct labor per unit $ 30

Variable manufacturing overhead per unit $ 5

Variable selling cost per dollar of sales $ 0.05

Annual fixed manufacturing overhead $2,750,000

Annual fixed selling expense $1,500,000

Annual fixed administrative expense $ 900,000

Units produced 250,000

Units sold 230,000

Question A. What is included with an income statement using full costing?

Question B. Is the only thing not included here is the fixed manufacturing of $2,750,000 when on an income statement using variable costing?

Question C. Figure out the amount of fixed manufacturing overhead that will be included in ending inventory under full costing and reconcile it to the difference between income computed under variable and full costing.

Reference no: EM132516162

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Is the only thing not included is the fixed manufacturing

Reference no: EM132516162

Reference no: EM132516162

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