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1. Determine the inventoriable cost for Variable c Es Krim Enak uses...

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Accounting

1. Determine the inventoriable cost for Variable c
Es Krim Enak uses FIFO actual costing system. The value of fixed manufacturing cost rate calculated at the end of the year through dividing the actual fixed manufacturing cost by the actual production units. Es Krim Enak sold only 1 product type called Banana Chocolate which has a selling price $3? unit.
Es Krim Enak prepares income statement using absorption costing as below:
\table[[,2023(in $),2024(in $)],[Revenues (Price @ $3),,6000,,7200],[Cost of goods sold:,,,,],[Beginning inventory,0,,800,],[Variable manufacturing costs,1400,,1000,],[Fixed manufacturing costs,1400?,,1400?,],[Cost of goods available for sale,2800,,3200,],[Deduct ending inventory,(800)?,,(480)?,],[Cost of goods sold,,2000?,,2720?osting and Absorption Costing!2. Determine the unit of ending inventory each year (2023 and 2024)!3. Determine the unit sales for each year!4. What is the impact for value of beginning inventory if we use FIFO? Explain briefly!5. Prepare income statement based on variable costing for 2023 and 20246. Explain briefly the difference between variable costing and absorption costing! Determinewhich costing that could be riskier for fraud potentia
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