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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-2016Price : $22