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Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0...

Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Units produced this year 34,000 units Units sold this year 20,400 units Direct materials $ 18 per unit Direct labor $ 20 per unit Variable overhead $ 3 per unit Fixed overhead $ 170,000 in total

A. Given Advanced Company's data, compute cost per unit of finished goods under variable costing.

B.  Given Advanced Company's data, compute cost per unit of finished goods under absorption costing.

C. Given Advanced Company's data, compute cost of finished goods in inventory under absorption costing.

D. Given Advanced Company's data, compute cost of finished goods in inventory under variable costing.

E.Given Advanced Company's data, and the knowledge that the product is sold for $70 per unit and operating expenses are $290,000, compute the net income under absorption costing.

F.Given Advanced Company's data, and the knowledge that the product is sold for $70 per unit and operating expenses are $290,000, compute the net income under variable costing.

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ekkarill92 answered 1 year ago
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