Homework Answers
Profit under variable costing will be higher when beginning inventory is more than ending inventory.
Units in beginning inventory = Ending inventory units + Difference in profit/ fixed overhead per unit = 45,000 + $115,000/$25
= 49,600
Thus, units in beginning inventory will be 49,600.
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year were as follows:
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Direct materials
$ 2.85
Direct labor
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Variable overhead
$ 1.60
Variable selling
$ 0.90
Fixed costs per year:
Fixed overhead
$180,000
Selling and administrative
$ 96,000
During the year, Borques produced 200,000 wooden pallets and
sold 204,300 at $9 each. Borques had 8,200 pallets in...
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Borques Company produces and sells wooden pallets that are used
for moving and stacking materials. The operating costs for the past
year were as follows:
Variable costs per unit:
Direct materials
$ 2.85
Direct labor
$ 1.92
Variable overhead
$ 1.60
Variable selling
$ 0.90
Fixed costs per year:
Fixed overhead
$180,000
Selling and administrative
$ 96,000
During the year, Borques produced 200,000 wooden pallets and
sold 204,300 at $9 each. Borques had 8,200 pallets in...
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