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Advanced cost accounting
Advanced cost accounting
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Consider the following information:
| Q1 | Q2 | Q3 | |
| Beginning inventory (units) | 0 | J | 300 |
| Actual units produced | 4,700 | 5,200 | 5,100 |
| Budgeted units to be produced | 5,000 | 5,000 | Q |
| Units sold | A | 5,100 | R |
| Variable manufacturing costs per unit produced | $150 | $150 | $150 |
| Variable marketing costs per unit sold | $50 | $50 | $50 |
| Fixed manufacturing costs | $800,000 | $800,000 | $800,000 |
| Fixed marketing costs | $200,000 | $200,000 | $200,000 |
| Selling price per unit | $500 | $500 | $500 |
| Variable costing operating income | B | $530,000 | S |
| Absorption costing operating income | C | K | $544,000 |
| Variable costing beginning inventory | D | $30,000 | T |
| Absorption costing beginning inventory | E | L | U |
| Variable costing ending inventory | F | M | $30,000 |
| Absorption costing ending inventory | G | N | $62,000 |
| PVV | H | O | V |
| Allocated fixed manufacturing costs | I | P | $816,000 |
There are no price, efficiency, or spending variances, and any production-volume variance is directly written off to cost of goods in the quarter in which it occurs.
Complete the missing figures from the above Table.
|
Q1 |
Q2 |
Q3 |
| A | J | Q |
| B | K | R |
| C | L | S |
| D | M | T |
| E | N | U |
| F | O | V |
| G | P | |
| H | ||
| I |
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