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Author Question: If 1,000 units are produced and only 700 units are sold, ________ results in the greatest amount of ... (Read 65 times)

acc299

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Question 1

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

Actual sales35,000 statues
Budgeted production54,000 statues
Selling price$46 per statue
Direct material costs$7.10 per statue
Variable manufacturing costs$3.65 per statue
Variable administrative costs$5.85 per statue
Fixed manufacturing overhead$4.80 per statue

What is the total throughput contribution?
◦ $2,100,600
◦ $1,233,750
◦ $1,361,500
◦ $1,029,000

Question 2

If 1,000 units are produced and only 700 units are sold, ________ results in the greatest amount of expense reported on the income statement.
◦ throughput costing
◦ variable costing
◦ absorption costing
◦ job costing


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Marked as best answer by acc299 on Mar 6, 2021

rachel

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acc299

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


cam1229

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

 

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