-
+1 - 312-224-1615
Get in touch with us
-
support@helpwithassignment.com
Send us an e-mail
Solution Library
Calculate Inventory Cost Under Absorption
Question
Carr Company produces a single product. During the past year, Carr manufactured 25,000 units and sold 20,000 units. Production costs for the year were as follows:
Fixed manufacturing overhead $250,000
Variable manufacturing overhead $210,000
Direct labor $120,000
Direct materials $180,000
Sales totaled $850,000, variable selling expenses totaled $110,000, and fixed selling and administrative expenses totaled $170,000. There were no units in beginning inventory. Assume that direct labor is a variable cost. Under absorption costing, the ending inventory for the year would be valued at:
a. $213,500
b. $179,500
c. $152,000
d. $222,000
Summary
The question belongs to Accounting and it discusses about calculation of inventory cost under absorption.
Total Word Count 53
Download Full SolutionWHAT OUR STUDENTS SAY
I always fancied to be a pediatric nurse and TheReliableTutor indeed helped me out with my aspiration. In my first year of bachelor degree I had to solve a case study concerning nutritional advice of autistic children, when I came across HwA and the experts helped me out immensely.
Sini-Susan Anette Student
After completing my graduation in accountancy I decided to pursue a course in taxation. However, my boat started to rock as an when I was faced with the complexity of the assumptions and considerations which needs to be made whilst calculating a business tax. I was clueless and I was looking for means to make things steady. It was then that my senior in the university suggested that I should take help from HwA and I did. The result was magnificent and while reading out their reports and calculations in my own free time, I also learned a lot.
Steve Wheeler Student
The care and patience with which the online Labor Economics expert at HwA guided me through the assignment topic was simply amazing. She was always ready with the solutions to my queries and incorporated any suggestions that I made into the Labor Economics Assignment essay. It was just the guidance I needed to write my Labor economics assignment.
Noel Saunders Student
During my MBAs, Economics was never my strength. I often took help from HwA and they helped me get good grades. But eventually, as I was reading through a demand-supply analysis economics solution provided by them, I started to gain some interest. I chatted with the econ tutor of HwA for an hour and believe it or not, I fell in love with the subject.
Brandon Taylor Student
This is my third time working with TheReliableTutor.com and still they amaze me every time. If anyone wants finest quality papers for assignment, then I definitely recommend TheReliableTutor.com for that.
Akshar Student
Comments
this is a very good website
I have 50 questions for the same test your page is showing only 28
hi can you please help or guide me to answer my assignments. thanks
hi can anyone help or guide me to my assignments. thanks
This solution is perfect ...thanks
Hello Allison,I love the 2nd image that you did! I also, had never heard of SumoPaint, is something that I will have to exolpre a bit! I understand completely the 52 (or so) youtube videos that you probably watched. Sometimes they have what you want, sometimes they don't! However, it is always satisfying when you are able to produce something that you have taught yourself. Great job!Debra 0 likes
Perfect bank of solution.
great !
thanks for the quick response. the solution looks good. :)
thnx for the answer. it was perfect. just the way i wanted it.
works fine.