Question

# Moffett Company reports the following information for March​. Net Sales Revenue \$78,950 Variable Cost of Goods...

Moffett Company reports the following information for March​.

 Net Sales Revenue \$78,950 Variable Cost of Goods Sold 22,250 Fixed Cost of Goods Sold 9,300 Variable Selling and Administrative Costs 17,000 Fixed Selling and Administrative Costs 6,400

Requirement 1. Calculate the gross profit and operating income for March using absorption costing.

 Moffett Company Income Statement (Absorption Costing) For the Month Ended March 31 Operating Income

Requirement 2. Calculate the contribution margin and operating income for March using variable costing.

 Moffett Company Income Statement (Variable Costing) For the Month Ended March 31 Operating Income

and,

Vong Company reports the following​ data:

 Finished Goods Inventory: Beginning balance, in units 700 Units produced 2,800 Units sold (1,400) Ending balance, in units 2,100 Production Costs: Variable manufacturing costs per unit \$60 Total fixed manufacturing costs 44,800

Calculate the product cost per unit and the total cost of the

2 comma 1002,100

units in ending inventory using absorption costing and variable costing.

Calculate the cost per unit using absorption costing and variable costing. ​(If a box is not used in the table leave the box​ empty; do not enter a​ zero.)

 Absorption Variable Costing Costing Total unit product cost

Calculate the total cost of the 2,100 units in ending inventory using absorption costing.

 The total cost of the 2,100 units in ending inventory using absorption costing is \$ .

Calculate the total cost of the 2,100 units in ending inventory using variable costing.

 The total cost of the 2,100 units in ending inventory using variable costing is \$ .

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