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Cornerstones of Cost Management 2nd Edition by Don Hansen ,Maryanne Mowen
Edition 2ISBN: 978-1111824402Cornerstones of Cost Management 2nd Edition by Don Hansen ,Maryanne Mowen
Edition 2ISBN: 978-1111824402 Exercise 17
Variable Costing, Value of Ending Inventory, Operating Income
Refer to Cornerstone Exercise 18.3.
Required:
1. Calculate the cost of each unit using variable costing.
2. How many units remain in ending inventory? What is the cost of ending inventory using variable costing?
3. Prepare a variable-costing income statement for Pattison Products, Inc., for the month of October.
4. What if November production was 40,000 units, costs were stable, and sales were 41,000 units? What is the cost of ending inventory? What is operating income for November?
Refer to Cornerstone Exercise 18.3.
Required:
1. Calculate the cost of each unit using variable costing.
2. How many units remain in ending inventory? What is the cost of ending inventory using variable costing?
3. Prepare a variable-costing income statement for Pattison Products, Inc., for the month of October.
4. What if November production was 40,000 units, costs were stable, and sales were 41,000 units? What is the cost of ending inventory? What is operating income for November?
Explanation
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Verified
1.The cost under variable costing is cal...
Cornerstones of Cost Management 2nd Edition by Don Hansen ,Maryanne Mowen
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