Advanced cost accounting

Consider the following information:

 

Q1

Q2

Q3

Beginning inventory (units)

0

J

300

Actual units produced

4,700

5,200

5,100

Budgeted units to be produced

5,000

5,000

Q

Units sold

A

5,100

R

Variable manufacturing costs per unit produced

$150

$150

$150

Variable marketing costs per unit sold

$50

$50

$50

Fixed manufacturing costs

$800,000

$800,000

$800,000

Fixed marketing costs

$200,000

$200,000

$200,000

Selling price per unit

$500

$500

$500

Variable costing operating income

B

$530,000

S

Absorption costing operating income

C

K

$544,000

Variable costing beginning inventory

D

$30,000

T

Absorption costing beginning inventory

E

L

U

Variable costing ending inventory

F

M

$30,000

Absorption costing ending inventory

G

N

$62,000

PVV

H

O

V

Allocated fixed manufacturing costs

I

P

$816,000

 

There are no price, efficiency, or spending variances, and any production-volume variance is directly written off to cost of goods in the quarter in which it occurs.

 

Complete the missing figures from the above Table.

 

 

Q1

Q2

Q3

A

J

Q

B

K

R

C

L

S

D

M

T

E

N

U

F

O

V

G

P

 

H

 

 

I

 

 

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