Consider the following information pertaining to a year’s operations of Youngstown Manufacturing
13-B3 Comparison of Variable Costing and Absorption Costing
Consider the following information pertaining to a year’s operations of Youngstown Manufacturing:
|Units sold 1,400||1400|
|Units produced 1,600||1600|
|Direct labor $4,200||4200|
|Direct materials used 3,500||3500|
|Fixed manufacturing overhead 2,200||2200|
|Variable manufacturing overhead 300||300|
|Selling and administrative expenses (all fixed) 700||700|
|Beginning inventories 0||0|
|Contribution margin 5,600||5600|
|Direct-material inventory, end 800||800|
There are no work-in-process inventories.
- What is the ending finished-goods inventory cost under absorption costing?
- What is the ending finished-goods inventory cost under variable costing?
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