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Horizon company has $25 per unit selling price, $8

Accounting

Horizon company has $25 per unit selling price, $8.00 per unit in variable production cost and $1.00 per unit in variable selling and administrative cost. The annual fixed production cost is $400,000. The annual fixed selling and administrative cost is $50,000.

all solution in chegg wrong

Required:

  1. Complete the table below for each year. Assume a FIFO flow.
 

2017

2018

2019

2020

Units Produced

120,000

150,000

100,000

100,000

Units Sold

110,000

120,000

140,000

100,000

Manufacturing cost per unit under full absorption costing

       

Operating income under variable costing

       

Operating income under full absorption costing

       

Ending inventory using variable costing ($)

       

Ending inventory using full absorption costing ($)

     

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