Exercise 9-6 For 20x4, Nichols, Inc. had sales of 75,000 units and production of 100,000 units. Other information for the year included: a. Direct manufacturing labor Variable manufacturing overhead Direct materials Required: b. Variable selling expenses Fixed administrative expenses Fixed manufacturing overhead There was no beginning inventory. $187,500 100,000 150,000 100,000 100,000 200,000 Compute the ending finished goods inventory under both absorption and variable costing. Compute the cost of goods sold under both absorption and variable costing.

Exercise 9-6 For 20x4, Nichols, Inc. had sales of 75,000 units and production of 100,000 units. Other information for the year included: a. Direct manufacturing labor Variable manufacturing overhead Direct materials Required: b. Variable selling expenses Fixed administrative expenses Fixed manufacturing overhead There was no beginning inventory. $187,500 100,000 150,000 100,000 100,000 200,000 Compute the ending finished goods inventory under both absorption and variable costing. Compute the cost of goods sold under both absorption and variable costing.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter18: Pricing And Profitability Analysis

Section: Chapter Questions

Problem 3CE: Pattison Products, Inc., began operations in October and manufactured 40,000 units during the month...

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