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statuscvo [17]
2 years ago
10

Fleet, Inc. manufactured 700 units of Product A, a new product, in 20Xl. Product Xs variable and fixed manufacturing costs per u

nit were $6.00 and $2.00, respectively. The inventory of Product A on December 31, 20Xl consisted of 100 units. There was no inventory of Product A on January 1, 20Xl. Required: What would be the change in the dollar amount of inventory on December 31, 20Xl if the variable costing method was used instead of the absorption costing method
Business
1 answer:
Ulleksa [173]2 years ago
3 0

Answer:

The change in the dollar amount of inventory is $200 due to change in the inventory costing method.

Explanation:

The variable cost per unit is $6.00 while the fixed cost per unit is $2.00

Variable cost per unit = $6.00

Absorption cost pet units = $8.00

Total cost under absorption costing = Absorption cost per unit / number of units in ending inventory

Total absorption cost = $8.00 × 100 = $800

Total cost under variable cost = Variable cost per unit × number of units in ending inventory

Total variable cost = $6.00 × 100 = $600

Change in cost = Total absorption cost - Total variable cost

Change in cost = $800 - $600 = $200

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<h3>What is the annual premium?</h3>

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6 0
1 year ago
Jane has been operating Mansfield Park as a C corporation and decides she would like to make an S election. What is the earliest
podryga [215]

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<h3>For different alternative scenarios:</h3>

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Hope this helps!

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