1. ValarMorghulis Company was organized just a year ago. The normal capacity and actual production of the company is 2,500 units. The results of the company’s first year of operations are shown below.
Sales (2,000 units sold)
Less: Cost of goods sold:
Cost of Goods Manufactured
Goods Available for Sale
Less: Selling and Administrative expenses
The company’s unit variable cost is computed as follows:
Variable manufacturing cost
Variable Selling and Administrative expenses
Total Variable cost per unit
1. What is the Selling price per unit? Fixed MOH per unit application?
2. What is the total fixed manufacturing cost? Total fixed selling and administrative expense?
3. What the net income under full costing? Under direct costing?