Question;DeVry University;ACCT346 Weekly Assignment;Week 4;Directions: Your assignment this week requires you to answer;a four-part problem (Parts A - D) using the company data provided below. As;always, please show your work for full credit and use the boxes provided for;each answer. If you need more room in an answer box, just add more rows or;columns to the box.;MountainAir Company has the following selected data for the;past year;Units sold during year 30,000;Units produced during year 45,000;Units in ending inventory 15,000;Variable manufacturing cost per unit $4.50;Fixed manufacturing overhead (in total) $20,250;Selling price per unit $12.00;Variable selling and administrative expense per unit $1.00;Fixed selling and administrative expenses (in total) $4,000;There were no units in beginning inventory.;Required;a. Prepare an income statement for last year using;absorption (full) costing.;b. Calculate the total value of the ending inventory using;absorption (full) costing.;c. Prepare an income statement for last year using variable;costing (i.e., contribution margin income statement).;d. Calculate the total value of the ending inventory using;variable costing.
Paper#38742 | Written in 18-Jul-2015Price : $24