Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 2 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 08 Jul 2017 My Price 10.00

Actual variable manufacturing costs

Sales 38,000 unites

Sales price $50 per unit

Actual variable manufacturing costs $1,400,000

Actual fixed manufacturing costs $228,000

Actual variable nonmanufacturing costs $76,000

Actual fixed nonmanufacturing costs $135,000

Work in process inventory, January 1, 2015 0

Finished goods inventory, January 2015 0

Direct materials inventory January 2015 0

Work in process inventory December 31, 2015 0

Direct material inventory, December 31, 2015 0

Expected production 40,000 units

Actual production 40,000

 

A) Using the variable-costing approach, prepare an income statement for the year ended December 31, 2015, Assume the actual fixed costs were equal to budgeted fixed costs

B) Using the absorption-costing approach, prepare an income statement for the year ended December 31, 2015. Assume the actual fixed costs were equal to budgeted fixed costs.

Answers

Maurice Tutor
(5)
Status NEW Posted 08 Jul 2017 10:07 AM My Price 10.00

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