Hi, I am trying to understand these problems in class. Thanks for the advice. Us

Question

Hi,

I am trying to understand these problems in class.  Thanks for the advice.

Use the following data to answer the question

Using absorption costing, how much fixed manufacturing cost is expensed on the January income statement?

January February March Unit Data       Beginning Inventory 0       ?       ?       Production 1200 900 1000       Sales 800 800 1000 variable costs       manufacturing cost per unit produced $900 $900 $900       marketing cost per unit sold $600 $600 $600 Fixed costs    Manufacturing costs $450,000 $450,000 $450,000    Marketing costs $140,000 $140,000 $140,000

Explanation / Answer

Fixed manufacturing cst=900*900+450000=1260000

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