{"id":200867,"date":"2018-09-13T22:22:40","date_gmt":"2018-09-13T22:22:40","guid":{"rendered":"http:\/\/localhost\/wordpress\/index.php\/2018\/09\/13\/acct-346-week-4-homework-assignment\/"},"modified":"2018-10-24T08:52:51","modified_gmt":"2018-10-24T08:52:51","slug":"acct-346-week-4-homework-assignment","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/acct-346-week-4-homework-assignment\/","title":{"rendered":"ACCT 346 Week 4 Homework Assignment"},"content":{"rendered":"<p>1.MountainAir Company has the following selected data for the past year:\t\u00a0\tUnits sold during year 30,000\tUnits produced during year\u00a0\u00a0\u00a0 45,000\tUnits in ending inventory \ufffd\u00a0 15,000\tVariable manufacturing cost per unit\u00a0 $ 4.50\tFixed manufacturing overhead (in total) \ufffd\u00a0\u00a0 $ 20,250\tSelling price per unit\u00a0\u00a0 $ 12.00\tVariable selling and administrative expense per unit\u00a0 $ 1.00\tFixed selling and administrative expenses (in total)\u00a0\u00a0 $ 4,000\t\u00a0\tThere were no units in beginning inventory.\t\u00a0\tRequired:\ta. Prepare an income statement for last year using absorption (full) costing.\t\u00a0\tb. Calculate the total value of the ending inventory using absorption (full) costing.\t\u00a0\tc. Prepare an income statement for last year using variable costing (i.e., contribution margin income statement).\t\u00a0\t&#8220;\ufffd\td. Calculate the total value of the ending inventory using variable costing.\tAnswer:<\/p>\n","protected":false},"excerpt":{"rendered":"<p>1.MountainAir Company has the following selected data for the past year: \u00a0 Units sold during year 30,000 Units produced during year\u00a0\u00a0\u00a0 45,000 Units in ending inventory \ufffd\u00a0 15,000 Variable manufacturing cost per unit\u00a0 $ 4.50 Fixed manufacturing overhead (in total) <a href=\"https:\/\/www.benedictsol.com\/blogs\/acct-346-week-4-homework-assignment\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-200867","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/200867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=200867"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/200867\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=200867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=200867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=200867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}