Calculate cost of goods sold under throughput costing, Cost Accounting

Assignment Help:

The follow data relates to year 20XX for Plano Manufacturing Company:
Units produced - 2,000
Units sold - 1,800
Selling price - $200 / per unit
Direct material costs - $80,000
Direct labor costs - $26,000
Variable overhead - $18,000
Variable selling costs - $6,000
Fixed overhead - $40,000
Fixed selling costs - $60,000
Required:
a) Calculate cost of goods sold under throughput costing, variable costing, and absorption costing.
b) Calculate ending inventory under throughput costing, variable costing, and absorption costing.
c) Calculate operating income under throughput costing, variable costing, and absorption costing.


Related Discussions:- Calculate cost of goods sold under throughput costing

Calculate the economic profit and relevent cost, A. Bolero Industries Ltd. ...

A. Bolero Industries Ltd. has been approached by a customer who would like a special job to be done for her, and is willing to pay $60,000 for it. The job would require the followi

Behavioural aspects of standards, Behavioural Aspects of Standards Bud...

Behavioural Aspects of Standards Budgets and Standards rely heavily on the people who have to work to meet them. Since the detailed nature of standard costing and its involvem

Costing term, The San Carlos Company is an electronics business with eight ...

The San Carlos Company is an electronics business with eight product lines. Income data for one of the products (XT-107) for June 2011 are as follows: Revenues, 200,000 units at av

Business Combinations, what are the legal distinctions between a business c...

what are the legal distinctions between a business combination, a merger, and a consolidation.

Average cost, Under the average cost method the average cost of goods held ...

Under the average cost method the average cost of goods held in stock is recalculated after each receipt. An issue after the receipts is made at the recalculated average prices. A

Material cost, distinguish between bin card and store ledgre

distinguish between bin card and store ledgre

Account analysis method of cost estimation, Account Analysis Method of Cost...

Account Analysis Method of Cost Estimation By Utilizing account analysis, the accountant classifies and examines each ledger account like variable mixed or fixed. Into their v

Calculate the gross profit percentage, At the end of Ehlinger Department St...

At the end of Ehlinger Department Store's fiscal year on December 31, 2012, these accounts appeared in its adjusted trial balance: Freight-In $ 7,200

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd