Purchase Solution

Absorption versus Variable Costing - Collegiate Sporting Goods

Not what you're looking for?

Ask Custom Question

Information taken from Collegiate Sporting Goods Company's records for the most recent year is as follows:

Direct material used $272,000
Direct labor $128,000
Variable manufacturing overhead $60,000
Fixed manufacturing overhead $100,000
Variable selling and administrative costs $56,000
Fixed selling and administrative costs $29,600

1. Assuming the company uses absorption costing, compute the inventoriable costs for the year.

2. Compute the year's inventoriable costs using variable costing.

Purchase this Solution

Solution Summary

The solution computes the year's inventoriable costs using variable costing.

Purchase this Solution


Free BrainMass Quizzes
Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

Writing Business Plans

This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.

Production and cost theory

Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.

Marketing Management Philosophies Quiz

A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.

Understanding Management

This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.