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Devry ACCT346 Week 4 Assignment

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Question;Directions: Your assignment this week is to answer the question below;which has four parts. Please show your work for full credit and use;the boxes provided. Please add more rows or columns to the box if needed.;1.;MountainAir Company has the following selected data for the past year;Units sold during year;Units produced during year;Units in ending inventory;Variable manufacturing cost per unit;Fixed manufacturing overhead (in;total);Selling price per unit;Variable selling and administrative;expense per unit;Fixed selling and administrative;expenses (in total);There were no units in beginning;inventory.;Required;1a. Prepare an income statement for;last year using absorption costing.;1b. Calculate the value of the ending;inventory using absorption costing.;1c. Prepare an income statement for;last year using variable costing.;1d. Calculate the value of the ending;inventory using variable costing.

 

Paper#39369 | Written in 18-Jul-2015

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