Maurice Tutor

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

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 26 Jul 2017 My Price 4.00

Emerson Corporation

Emerson Corporation, which uses throughput costing, just completed its first year of operations. Planned and actual production equaled 10,000 units, and sales totaled 9,600 Units at $72 per unit. Cost data for the year are as follows: Direct material (per unit).......$12 Conversion Cost: Direct labor......................45,000 Variable manufacturing overhead.....65,000 Fixed manufacturing overhead.......220,000 Selling and administrative costs: Variable (per unit) ...........8 Fixed..............................118,000 Required: 1. How much of this cost would be held in year-end inventory under a. absorption costing, b. variable costing, and c. throughput costing? 2. How much of the company's total cost for the year would be included as an expense on the periods income statement under a. absorption costing, b. variable costing, and c. throughput costing? 3 Prepare Emerson's throughput-costing Income Statement

Answers

Maurice Tutor
(5)
Status NEW Posted 26 Jul 2017 11:07 AM My Price 4.00

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