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2 years ago

A manufacturer reports the information below for three recent years.

Business

1 answer:

evablogger [386]2 years ago

6 0

Answer:

Fixed Overhead in ending inventory = (2,200 * $1.20) = $2,640

Fixed Overhead in ending inventory = (1,700 * $1.20) = $2,040

Fixed overhead in beginning inventory = (2,200 * $1.20) = $2,640

Fixed Overhead in ending inventory = (1,800 * $1.20) = $2,160

Fixed overhead in beginning inventory = (1,700 * $1.20) = $2,040

Absorption costing income

Particulars Year 1 Year 2 Year 3

Variable costing income $140,000 $146,400 $143,950

Fixed Overhead in ending inventory $2,640 $2,040 $2,160

Fixed overhead in beginning inventory $0 ($2,640) ($2,040)

Absorption costing income $142,640 $145,800 $144,070

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2 years ago

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