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The follow data relates ot year 20XX for Plano Manufacturing Company:Units produced - 2,000Units sold - 1,800Selling price - $200 / per unitDirect material costs - $80,000Direct labor costs - $26,000Variable overhead - $18,000Variable selling costs - $6,000Fixed overhead - $40,000Fixed selling costs - $60,000Required: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.
The principle that (1) requires revenue to be recognized at the time it is earned, (2) allows the inflow of assets associated with revenue to be in a form other than cash and (3) m
in what ways does specific order costing differ from process costing
Bull Bay Ltd. Manufacturers two types of surfboard, "Winner" and "Surf King", whose selling prices are $300 and $900 respectively. Each surfboard passes through two manufacturing d
Standard Cost It is especially serious that you establish a link between standard budgets and costs. At this point, you require putting in your mind to standard costs one the
Standard costing System has the following main advantages or benefits: 1. The process in itself often discloses inefficiencies, because the setting of standards requires a thoro
Vince's Pizza delivers pizzas to dormitories and apartments near a major state university. The company's annual fixed costs are $48,000. The sales price averages $9, and it costs t
Weighted Average Method This way is a perpetual weighted average system whereas the issue price is recalculated after one of receipt of stocks taking into accounts both money
The following data relate to three joint products: A B C
The difference among "cost accounting" and "financial accounting are terms demote to the accounting techniques used internally by a company's management to explain the costs of run
What conclusion can you draw when comparing the total landed or delivered cost to the original purchase cost? What does this suggest about the importance of supply chain managem
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