Business, 10.04.2020 17:35 bryson9604

The following data relate to Jupiter Company, a new corporation, during a period when the firm produced and sold 100,000 units and 90,000 units, respectively:

Direct materials used $400,000

Direct labor 200,000

Variable manufacturing overhead 120,000

Fixed manufacturing overhead 250,000

Selling and administrative expenses:

Variable 45,000

Fixed 300.000

The company met its original planned production target of 100,000 units. There were no variances during the period, and the firm's selling price is $15 per unit.

Required:

a. What is the cost of Jupiter's end-of-period finished-goods inventory under the variable-costing method?

b. Calculate the company's variable-costing income.

c. Calculate the company's absorption-costing income.

Answers: 2

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