GrayCell is in their first year of operations. GrayCell budgeted $40,000 of fixed manufacturing overhead, which they allocated over an activity base of 1,000 units. They actually produced 945 units, actually incurred $43,233 in fixed manufacturing overhead, and actually sold 900 Calculate the difference between absorption and variable income for GrayCell. If absorption income is higher than variable income, write your answer as a positive number. If absorption income is lower than variable income, write your answer as a negative number. -800

GrayCell is in their first year of operations. GrayCell budgeted $40,000 of fixed manufacturing overhead, which they allocated over an activity base of 1,000 units. They actually produced 945 units, actually incurred $43,233 in fixed manufacturing overhead, and actually sold 900 Calculate the difference between absorption and variable income for GrayCell. If absorption income is higher than variable income, write your answer as a positive number. If absorption income is lower than variable income, write your answer as a negative number. -800

Name: savitaben GrayCell is in their first year of operations.GrayCell budge
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Description: savitaben GrayCell is in their first year of operations.GrayCell budgeted $40,000 of fixed manufacturing overhead, which they allocated over an activity base of 1,000units. They actually produced 945 units, actually incurred $43,233 in fixed manufact

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 1PA: Colonels uses a traditional cost system and estimates next years overhead will be $480,000, with the...

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