Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 2 Days Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 10 Aug 2017 My Price 4.00

goods inventory.

At the end of the first year of operations, 5,200 units remained in the finished goods inventory. The unit manufacturing cost during the year were as follows: Direct Materials: 35.00 Direct Labor: 16.80 Fixed factory overhead: 5.60 Variable factory overhead: 4.90 Determine the cost of the finished goods inventory reported on the balance sheet under (A) the absorption costing concept and (b) the variable costing concept. On Exercise 5-1, what is the answer to letter (a)? (Points: 25) $623,000 $323,960 $294,000 $6,230 2. On Exercise 5-1, what is the answer to letter (b)? (Points: 25) $567,000 $320,058 $294,840 $5,600

Answers

Maurice Tutor
(5)
Status NEW Posted 10 Aug 2017 02:08 PM My Price 4.00

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