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University Of North Carolina At Charlotte Operations And Supply Chain Management Assignment Help -

Question - 1. Amcor, Inc., incurs the following costs to produce and sell a single product. Variable costs per unit: Direct materials $ 10 Direct labor $ 5 Variable manufacturing overhead $ 2 Variable selling and administrative expenses $ 4 Fixed costs per year: Fixed manufacturing overhead $ 90,000 Fixed selling and administrative expenses $ 300,000 During the last year, 30,000 units were produced and 25,000 units were sold. The Finished Goods inventory account at the end of the year shows a balance of $85,000 for the 5,000 unsold units. Required: 1. Determine whether the company is using absorption costing or variable costing to cost units in the Finished Goods inventory account. a. Calculate the ending balance in the Fin ...Read More

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