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San Diego State University Operations And Supply Chain Management Assignment Help - Materials

Question - 9-22 Absorption versus variable costing. Grunewald Company manufacturers a professional grade vacuum cleaner and began operations in 2011. For 2011, Grunewald budgeted to produce and sell 20,000 units. The company had no price, spending, or efficiency variances, and writes off production- volume variance to cost of goods sold. Actual data for 2011 are given as follows: 1Units produced 18,000 2 Units sold 17,500 3 Selling price $ 425 Variable costs: Manufacturing cost per unit produced Direct materials $ 30 Direct manufacturing labor 25 Manufacturing overhead 60 Marketing cost per unit sold 45 Fixed costs: Manufacturing costs $1,100,000 Administrative costs 965,450 Marketing 1,366,400 1. Prepare a 2011 income statem ...Read More

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