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Author Question: Jarvis Golf Company sells a special putter for $20 each. In March, it sold 28,000 putters while ... (Read 59 times)

Chloeellawright

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Jarvis Golf Company sells a special putter for $20 each. In March, it sold 28,000 putters while manufacturing 30,000. There was no beginning inventory on March 1. Production information for March was: 

Direct manufacturing labor per unit15 minutes
Fixed selling and administrative costs$ 40,000
Fixed manufacturing overhead132,000
Direct materials cost per unit2
Direct manufacturing labor per hour24
Variable manufacturing overhead per unit4
Variable selling expenses per unit2

Required: 
a.Compute the cost per unit under both absorption and variable costing.
b.Compute the ending inventories under both absorption and variable costing.
c.Compute operating income under both absorption and variable costing. 


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Marked as best answer by Chloeellawright on Mar 6, 2021

kilada

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Chloeellawright

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Reply 2 on: Mar 6, 2021
Excellent


marict

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Reply 3 on: Yesterday
:D TYSM

 

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