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DATA INPUT
Planned Production (units) 10,000
Actual Production (units) 10,000
Sales (unit) 9,600
Sales Price (per unit) 216$
Cost Data
Direct Material (per unit) 36$
Conversion Costs:
Direct Labor 135,000$
Variable Manufacturing Overhead 195,000$
Fixed Manufacturing Overhead 660,000$
Selling and Administrative Costs:
Variable (per unit) 24$
Fixed 354,000$
SOLUTION
1.
2.
Absorption Costing Variable Costing
Direct Material 360,000$ 360,000$
Direct Labor 135,000 135,000
