Question Details

(Solved) (Latest ver. Aug 2020) - Net Income for Variable and Absorption Costing

Brief item decscription

Item details:


Soccer nets for commercial use sell for $200.00 each. Selected data for the company's operations for the last year follow:

Units in beginning inventory 0
Units produced 500
Units sold 300
Units ending inventory 200
Variable costs per unit
Direct materials $75
Labor 30
Variable manufacture overhead 10
Selling and administrative 5
Fixed costs
Fixed manufacturing overhead $2000
Selling and administrative $100

A.Assume that the company uses variable costing, compute the net operating income. (Please show all work).
B.Assume that the company uses the absorption costing, compute the net operating income. (Show all work).


About this question:

This question was answered on: Sep 16, 2020

PRICE: $11.5 (18.37 KB)

Buy this answer for only: $11.5

Pay using PayPal (No PayPal account Required) or your credit card. All your purchases are securely protected by PayPal.

Need a similar solution fast, written anew from scratch? Place your own custom order

We have top-notch tutors who can help you with your essay at a reasonable cost and then you can simply use that essay as a template to build your own arguments. This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student. New solution orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

Order Now