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Author Question: Glossier Images Inc., produces decorative statues. Management has provided the following ... (Read 32 times)

londonang

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on: Mar 6, 2021

Question 1

Assume a manufacturing company that has started production in the current year. Which of the following would result in the highest profit being reported if the company has 1,000 units of ending inventory?
◦ throughput costing
◦ variable costing
◦ absorption costing
◦ standard costing

Question 2

Glossier Images Inc., produces decorative statues. Management has provided the following information:

Actual sales34,000 statues
Budgeted production53,000 statues
Selling price$46 per statue
Direct material costs$7.50 per statue
Variable manufacturing costs$3.60 per statue
Variable administrative costs$5.85 per statue
Fixed manufacturing overhead$4.80 per statue

What is the cost per statue if throughput costing is used?
◦ $21.75
◦ $16.95
◦ $11.10
◦ $7.50
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by londonang on Mar 6, 2021

AmberC1996

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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londonang

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Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

AngeliqueG

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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