Homework Answers
| The only difference between absorption costing and variable costing is that fixed manufacturing overheads are absorbed as product costs under absorption costing | |||
| While it is charged as a period cost under variable costing | |||
| Total | Variable | Fixed | |
| Sales Price | 20 | ||
| Direct material | 81,650 | ||
| Direct labor | 98,000 | ||
| Manufacturing overhead | 99,100 | 9,100 | 90,000 |
| Selling and Admin expense | 21,400 | 12,300 | 9,100 |
| Units Manufactured | 18,000 | ||
| Units sold | 15,100 | ||
| Absorption Costing | Variable costing | ||
| Unit Product cost | 15.49 | 10.49 | |
| Cost of goods sold | 233,899.00 | 248,399.00 | |
| Operating Income | 46,701.00 | 32,201.00 | |
| Difference between Income | 14,500.00 | ||
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