Calculate operating income under throughput costing, Cost Accounting

Assignment Help:

The follow data relates ot 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 operating income under throughput costing

Realized gain or loss on the exchange, Pauline's Pastry Shop decides to rem...

Pauline's Pastry Shop decides to remodel its offices this year. As part of the remodeling, Pauline's trades furniture with a cost of $12,000 that had been expensed in the year of p

Commodities to stock, Commodities to Stock Employ Material Req...

Commodities to Stock Employ Material Requirement Planning From the Master Production Schedule the manager has determined such the products to be produced. A

Bad debts, These are losses on account of uncollectable debts. While the am...

These are losses on account of uncollectable debts. While the amount due from debtors is irrecoverable, it is termed as bad debts. Bad debts, being loss are closed through transfer

Calculate the total net realizable value, Surplus Stores Ltd is a company w...

Surplus Stores Ltd is a company which frequently buy goods in large quantities and makes alterations to the goods before selling. At 31 Dec 2000 the following items were included i

Prepare the purchases ledger control account, You work for a firm of accoun...

You work for a firm of accountants as a junior accounts assistant and part of your role is to prepare clients' ledgers accounts from incomplete records. A client of the firm you

Prepare trial balance for transactions, Encik Farid, a sole trader, started...

Encik Farid, a sole trader, started his business on 1 May 2010 under the name Farid Enterprise. The following are his business transactions for the month of May a. Encik Farid b

The average cost of production, Distinguish between,     (i)  short-run ...

Distinguish between,     (i)  short-run variable costs & long-run variable costs, and give an example of each one;   (ii)  the marginal cost &  the average cost of production

Factory overhead, what are the examples of factory overhead

what are the examples of factory overhead

Break even analysis, B REAK EVEN ANALYSIS Break even analysis is a bro...

B REAK EVEN ANALYSIS Break even analysis is a broadly used technique to study cost-volume-profit relationship.  It can be explained as - 'a system for determination of that le

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