Please show all work 4. Information taken from BENDER Corporation\'s May account
ID: 2552839 • Letter: P
Question
Please show all work 4. Information taken from BENDER Corporation's May accounting records follows:
Direct materials used
$150,000
Direct labor
80,000
Variable manufacturing overhead
30,000
Fixed manufacturing overhead
100,000
Variable selling and administrative costs
51,000
Fixed selling and administrative costs
60,000
Sales revenues
625,000
Required: A. Compute the inventoriable costs for the month by using variable costing: ______________ B. Compute the inventoriable costs for the month by using absorption costing: ____________
Direct materials used
$150,000
Direct labor
80,000
Variable manufacturing overhead
30,000
Fixed manufacturing overhead
100,000
Variable selling and administrative costs
51,000
Fixed selling and administrative costs
60,000
Sales revenues
625,000
Explanation / Answer
A Direct materials used 150000 Direct labor 80000 Variable manufacturing overhead 30000 Inventoriable costs variable costing 260000 B Direct materials used 150000 Direct labor 80000 Variable manufacturing overhead 30000 Fixed manufacturing overhead 100000 Inventoriable costs absorption costing 360000
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