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Author Question: Aspen Manufacturing Company sells its products for $33 each. The current production level is 50,000 ... (Read 120 times)

soccerdreamer_17

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on: Mar 6, 2021

Question 1

Variable costing only includes direct manufacturing costs in inventoriable costs.
◦ true
◦ false

Question 2

Aspen Manufacturing Company sells its products for $33 each. The current production level is 50,000 units, although only 40,000 units are anticipated to be sold. 

Unit manufacturing costs are:
Direct materials$6.00
Direct manufacturing labor$9.00
Variable manufacturing costs$4.50
Total fixed manufacturing costs$180,000
Marketing expenses$3.00 per unit, plus $100,000 per year 

Required:
a.Prepare an income statement using absorption costing.
b. Prepare an income statement using variable costing.
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by soccerdreamer_17 on Mar 6, 2021

joewallace

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Reply #1 on: Mar 6, 2021
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soccerdreamer_17

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review

irishcancer18

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Reply 3 on: Yesterday
Wow, this really help

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