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Shopgirl Company's actual costing records for the year ended-(Answered)

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Question

Shopgirl Company's actual costing records for the year ended December 31 are shown below. There was no finished goods inventory at January 1, and there were no work-in-process inventories at the beginning and end of the year.


Net Sales: $1,280,000

Cost of Goods Manufactured: Variable = $630,000 ----- Fixed = $315,000

Operating Expenses: Variable = $98,000 ----- Fixed $140,000

Units Manufactured = 70,000

Units Sold = 60,000


what are the operating income for this year under the direct costing method and the absorption costing method?

 

Paper#9209508 | Written in 27-Jul-2016

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