Costing Question
accountguru
Question #4
Consider the following information:
| Q1 | Q2 | Q3 |
Beginning inventory (units) | 0 | J | 300 |
Budgeted units to be produced | 4,000 | 4,000 | Q |
Actual units produced | 3,800 | 4,200 | 4,100 |
Units sold | A | 4,000 | R |
Variable manufacturing costs per unit produced | $125 | $125 | $125 |
Variable marketing costs per unit sold | $40 | $40 | $40 |
Fixed manufacturing costs | $600,000 | $600,000 | $600,000 |
Fixed marketing costs | $250,000 | $250,000 | $250,000 |
Selling price per unit | $400 | $400 | $400 |
Variable costing operating income | B | $90,000 | S |
Absorption costing operating income | C | K | $130,500 |
Variable costing beginning inventory | D | $12,500 | T |
Absorption costing beginning inventory | E | L | U |
Variable costing ending inventory | F | M | $12,500 |
Absorption costing ending inventory | G | N | $27,500 |
PVV | H | O | V |
Allocated fixed manufacturing costs | I | P | $615,000 |
There are no price, efficiency, or spending variances, and any production-volume variance is directly written off to cost of goods in the quarter in which it occurs.
Complete the missing figures from the above Table.
Q1 | Q2 | Q3 |
A | J | Q |
B | K | R |
C | L | S |
D | M | T |
E | N | U |
F | O | V |
G | P |
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H |
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I |
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13 years ago
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