138. Home Base, Inc. reports the following production cost information:
Beginning inventory
10,000 units
Units produced
97,000 units
Units sold
92,000 units
Direct labor
$17 per unit
Direct materials
$34 per unit
Variable overhead
$2,522,000 in total
Fixed overhead
$1,940,000 in total
Operating costs
$2,000,000 in total
Assume that productions costs have remained the same since the previous period and all units are sold for $137.00 per unit.
a. Compute production cost per unit under variable costing.b. Compute production cost per unit under absorption costing.c. Determine net income using variable costing.d. Determine net income using absorption costing.
139. Home Base, Inc. reports the following production cost information:
a. Compute production cost per unit under variable costing.b. Compute production cost per unit under absorption costing.c. Determine the cost of ending inventory using variable costing.d. Determine the cost of ending inventory using absorption costing.
140. Lukin Corporation reports the following first year production cost information.
62,000 units
59,000 units
$41 per unit
$15 per unit
$9,300,000 in total
$4,340,000 in total
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