Outback Corporation manufactures rechargeable flashlights in Brisbane, Australia

Question

Outback Corporation manufactures rechargeable flashlights in Brisbane, Australia. The firm uses an absorption costing system for internal reporting purposes; however, the company is considering using variable costing. Data regarding Outback's planned and actual operations for 20x1 follow: Budgeted Costs Per Unit Total Actual Costs Direct material $12.50 $1,750.000 $1,650.000 Direct labor 9.20 1,288,000 1,214,400 Variable manufacturing overhead 4.80 672,000 633,600 Fixed manufacturing overhead 4.50 630,000 638,000 Variable selling expenses 7.40 1,036,000 902,800 Fixed selling expenses 7.70 1,078,000 1,078,000 Variable administrative expenses 2.20 308,00 268,400 Fixed administrative expenses 2.20 308,000 316,000 Total $50.50 $7,070,000 $6,701,200 Planned Activity Actual Activity Beginning finished-goods inventory in units 41,000 41,000 Sales in units 140,000 122,000 Production in units 140,000 132,000 The budgeted per-unit cost figures were based on Outback producing and selling 140,000 units in 20x1. Outback uses a predetermined overhead rate for applying manufacturing overhead to its product. A total manufacturing overhead rate of $9.30 per unit was employed for absorption costing purposes in 20x1. Any overapplied or underapplied manufacturing overhead is closed to the Cost of Goods Sold account at the end of the year. The 20x1 beginning finished-goods inventory for absorption costing purposes was valued at the 20x0 budgeted unit manufacturing cost, which was the same as the 20x1 budgeted unit manufacturing cost. There are no work-in-process inventories at either the beginning or the end of the year. The planned and actual unit selling price for 20x1 was $71.80 per unit.

Explanation / Answer

so what is that we need to find out .. either the last instalment price or a chart representing these things or some thing else . please mention i wil be able to help u put

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