Cinrich Stage Supplies is a manufacturer of a specialized type of light used in theaters. Information on the first three years of business is as follows: (a) Units sold Units produced Fixed production costs Variable production costs per unit Selling price per unit Fixed selling and administrative expense Cost per unit Net profit Ending inventory $ 2020 2020 4,400 4,400 $44,880 $78 $229 $460,000 2021 4,400 4,800 $44,880 $78 $229 Calculate profit and the value of ending inventory for each year using full costing. (Round cost per unit to 2 decimal places, e.g. 15.25 and other answers to O decimal places, e.g. 125.) 2022 4,400 4,000 2021 $44,880 $78 $229 $460,000 $460.000 Total 13,200 13,200 s 2022

Cinrich Stage Supplies is a manufacturer of a specialized type of light used in theaters. Information on the first three years of business is as follows: (a) Units sold Units produced Fixed production costs Variable production costs per unit Selling price per unit Fixed selling and administrative expense Cost per unit Net profit Ending inventory $ 2020 2020 4,400 4,400 $44,880 $78 $229 $460,000 2021 4,400 4,800 $44,880 $78 $229 Calculate profit and the value of ending inventory for each year using full costing. (Round cost per unit to 2 decimal places, e.g. 15.25 and other answers to O decimal places, e.g. 125.) 2022 4,400 4,000 2021 $44,880 $78 $229 $460,000 $460.000 Total 13,200 13,200 s 2022

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter2: Basic Managerial Accounting Concepts

Section: Chapter Questions

Problem 4MCQ

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