The Following Information Relates To Oak Manufacturing For Fiscal 2020 The Company S First Year Of Operation Selling P 1 (21.34 KiB) Viewed 37 times
The Following Information Relates To Oak Manufacturing For Fiscal 2020 The Company S First Year Of Operation Selling P 2 (18.13 KiB) Viewed 37 times
The following information relates to Oak Manufacturing for fiscal 2020, the company's first year of operation: Selling price per unit 149 Direct material per unit 76 Direct labor per unit 28 Variable manufacturing overhead per unit $ 5 Variable selling cost per dollar of sales $ 0.06 Annual fixed manufacturing overhead $ 2,750,000 Annual fixed selling expense $ 1,575,000 Annual fixed administrative expense 924.000 Units produced 275.000 Units sold 249,700
Calculate the amount of fixed manufacturing overhead that will be included in ending inventory under full costing and reconcile it to the difference between income computed under variable and full costing (Enter loss using either a negative sign preceding the number eg. 45 or parentheses eg (45) Fixed manufacturing overhead included in ending inventory Net income under full costing Net income under variable costing Difference $
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!