Dr Nick

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About Dr Nick

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Teaching Since: May 2017
Last Sign in: 343 Weeks Ago, 1 Day Ago
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Education

  • MBA (IT), PHD
    Kaplan University
    Apr-2009 - Mar-2014

Experience

  • Professor
    University of Santo Tomas
    Aug-2006 - Present

Category > Accounting Posted 09 Jun 2017 My Price 15.00

the difference in operating income between the two methods.

1. (TCO 5) Vernon Inc. manufactures and sells one product. Sales and production information is contained below.·         Selling price per unit $50·         Variable manufacturing costs per unit produced (DM, DL, and variable MOH) $24·         Variable operating expenses per unit sold $5·         Fixed manufacturing overhead (MOH) in total for the year $135,000·         Fixed operating expenses in total for the year $55,000·         Units produced during the year 15,000·         Units sold during the year 13,000 (a) Prepare the income statement using variable costing. (10 points)(b) Prepare the income statement using absorption costing. (10 points) (c) Please explain the difference in operating income between the two methods.

Answers

Dr Nick
(4)
Status NEW Posted 09 Jun 2017 05:06 PM My Price 15.00

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