Author Question: Glossier Images Inc., produces decorative statues. Management has provided the following ... (Read 33 times)

londonang · **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 sales

34,000 statues

Budgeted production

53,000 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

AmberC1996 · **Reply #1 on:** Mar 6, 2021

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