10 Nov During the most recent year, Evans Company had ope
During the most recent year, Evans Company had operating income of $84,000 using absorption costing and $90,000 using variable costing. The fixed manufacturing overhead application rate was $6 per unit. If 22,000 units were produced last year, what were the unit sales for last year? Hint: remember we are looking for number of units sold last year, not the dollar sales.Selling Price$92Units in Beginning Inventory0Units Produced8,700Units Sold8,300Units in Ending Inventory400Variable Costs per Unit:Direct Materials$13Direct Labour$55Variable Manufacturing Overhead$1Variable Selling and Administrative$5Fixed Costs:Fixed Manufacturing Overhead$130,500Fixed Selling and Administrative$8,300Barron Company, which has only one product, has provided the following data concerning its most recent month of operations: a) What was the unit product cost for the month under variable costing?b) What was the unit product cost for the month under absorption costing?c) What was the operating income(loss) for the month under variable costing?d) What was the operating income(loss) for the month under absorption costing?e) What was the amount of fixed overhead cost in ending inventory under absorption costing?
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