Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. of 70,000 units. in 2023, they budgeted for wolf c

of 70,000 units. In 2023, they budgeted for Wolf corp are as follows: ...

60.1K

Verified Solution

Question

Accounting

of 70,000 units. In 2023, they budgeted for Wolf corp are as follows:
\table[[Direct materials per unit,cost,],[Direct manufacturing labour per unit,18,],[Variable manufacturing oH per unit,25,],[Variable operating inon-manufacturing) costs per,,],[unit,12,9],[Fixed oyerhead cost for 2023,,]]
At the beginning of the year they had no inventory and the televisions sell for $150 per unit.
Required:
Calculate the per unig and toxal value of inventory using absorption costing. For full marks show all your supporting calculations, (3 marks)
Calculate the per unit and tocal value of inventory using variable costing. For full marks show all your supporting calculations, (19 markes)
What is the ending inventory fin units? 11 marlo
Calculate the value of ending inventory in dalars using variable costing and absorption comun tull marks show your supporting calculations. (4 marks)
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

a.) Many consumer groups feel that the Country A drug approval process is too easy​ and,...

Biology
1.2K views

Explain the function of the sarcoplasmic reticulum and T tubules in skeletal muscle contraction.

Statistics
1.2K views

The SAT and the ACT are the two major standardized tests that colleges use to evaluate...

Biology
1.2K views

Highlight all the words that make up the participial phrase in the sentence below.Hanging the...

Geometry
1.2K views

For Questions 5 7 refer to the figure to determine which is a true statement...

Basic Math
1.2K views

e amount of airborne particulate pollution p from a power plant depends on the wind...

Algebra
1.2K views

f x x 3x 3x 3 oldu una A 4 g re f B 5...

Accounting
1.2K views

Production Budget Weightless Inc. produces a Bath and...

Accounting
1.2K views

Palermo Industries has two service departments, Accounting and Cafeteria and three production departments Mixing, Finishing...

Accounting
1.2K views

On January 1,2023, The Pronghorn Company received a 4-year promissory note that had a face...

Accounting
1.2K views

Arbor Co. has forecast sales to be $417,000 in May, $492,000 in June, $592,000 in...

Finance
1.2K views

A $18,000, 6.6% bond redeemable at par is purchased 6 years before maturity to yield...