Last year fabre company produced 20000 units and sold 18000

Reference no: EM13587560

Last year, Fabre Company produced 20,000 units and sold 18,000 units at a price of $12. Costs for last year were as follows:

Direct Materials: $25,000
Direct Labor: 35,000
Variable factory overhead: 12,000
Fixed Factory Overhead: 37,000
Fixed Selling Expense: 7,500
Variable Selling Expense: 9,000
Fixed Administrative Expense: 15,500

Fixed facotry overhead is applies based on expected production. Last year, Fabre expected to produce 20,000 units.
1) Assuming that begining inventory was zero, what is the value of ending inventory under absorbtion costing?

2) Assuming begining inventory was zero, what is the value of ending inventory under variable costing?

3) What is operatiing income for last year under absoption costing?

4) What is operating income for last year under variable costing?

Reference no: EM13587560

Questions Cloud

A company owns 11 bonds with a par value of 198000 that pay : a company owns 11 bonds with a par value of 198000 that pay interest on october 1 and april 1. the bonds were purchased

Mustaine company sells only one product at a regular price : mustaine company sells only one product at a regular price of amp7.50 per unit. variable expenses are 60 of sales and

Compute the sales level required in both dollars and units : astro co. sold 19000 units of its only product and incurred a 41300 loss ignoring taxes for the current year as shown

After the reaction 104025 grams of pbi2s molar mass 4610 : in one experiment 22.9841 grams of 75.25 pure pbno32 pure pbno32 has amolar mass of 331.2 grams was mixed with 51.2354

Last year fabre company produced 20000 units and sold 18000 : last year fabre company produced 20000 units and sold 18000 units at a price of 12. costs for last year were as

Lemke company sponsors a defined benefit pension plan for : lemke company sponsors a defined benefit pension plan for its employees. the following data relate to the operation of

Olly and luke formed a partnership investing 240000 and : holly and luke formed a partnership investing 240000 and 80000 respectively. determine their participation in the years

Using the preceding data compute pension expense for the : the following facts apply to the pension plan of boudreau inc. for the year 2012.plan assets january 1

A company has 90000 in outstanding accounts receivable and : a company has 90000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible

User Account

All Pages