The following data are for the year ended December 31, 2021: Beginning Inventory 170,000 uni

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

The following data are for the year ended December 31, 2021: Beginning Inventory 170,000 uni

Post by answerhappygod »

The following data are for the year ended December
31, 2021:
















Beginning Inventory
170,000
units






Ending Inventory
69,000
units






Sales
690,800
units






Selling Price
33.00
per unit






Variable manufacturing cost per unit
7.65
per unit






Variable operating (marketing) cost per unit sold
1.65
per unit sold






Fixed manufacturing costs
2,880,000







Fixed operating (marketing) costs
2,160,000
















The Company budgeted:
450,000
units of goods sold in the month in which it
occurs.












Assume standard costs per unit are the same for
units in beginning inventory and units produced during the
year.



Also, assume no price, spending, or efficiency
variances. Any production-volume variance is written off to cost of
goods sold. Do not type dollar
signs ($) or spaces (_).











What is the Company's Fixed Overhead Cost per
unit?
$per unit






What is the Company's Operating Income
Difference?
$






What is the Company's Production-Volume Variance
(for Absorption)?
$
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply