Beta ElectronicsScenario: Analyze Costing MethodsData:Production Data:Units Produced: 5,000 unitsSales Price per Unit: $100Cost Information:Direct Materials: $20...
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Accounting
Beta Electronics
Scenario: Analyze Costing Methods
Data:
- Production Data:
- Units Produced: 5,000 units
- Sales Price per Unit: $100
- Cost Information:
- Direct Materials: $20 per unit
- Direct Labor: $10 per unit
- Variable Overhead: $5 per unit
- Fixed Manufacturing Overhead: $30,000
Requirements:
- Calculate the total manufacturing cost per unit under absorption costing.
- Calculate the total manufacturing cost per unit under variable costing.
- Prepare an income statement using absorption costing.
- Prepare an income statement using variable costing.
- Discuss the differences in reported profits between absorption and variable costing for Beta Electronics.
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