Reference no: EM132515779
Ajax Manufacturing has the following cost structure:
Direct material $10
Direct labor 20
Variable manufacturing overhead 5
Total variable manufacturing costs per unit $35
Fixed manufacturing overhead per year $100,000
Fixed selling and administrative expense per year $200,000
Question 1: Assume that Ajax produces 10,000 items and sells 8,000 items. In this case, the full costing value of ending inventory is:
a. $70,000. b. $90,000.
Question 2: Assume that Ajax produces 10,000 items and sells 8,000 items. In this case, the full costing value of cost of goods sold is:
a. $360,000. b. $350,000. c. $300,000. d. $280,00
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