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Posted: January 30th, 2023

Beginning inventory (units)

Question #3 (44 points)Consider the following information:Q1Q2Q3Beginning inventory (units)0J100Budgeted units to be produced10,00010,00010,000Actual units produced9,00010,300QUnits soldA10,300RVariable manufacturing costs per unit produced$200$200$200Variable marketing costs per unit sold$50$50$50Budgeted fixed manufacturing costs$1,000,000$1,000,000$1,000,000Fixed marketing costs$200,000$200,000$200,000Selling price per unit$400$400$400Variable costing operating incomeB$345,000SAbsorption costing operating incomeCK$280,000Variable costing beginning inventoryD$20,000TAbsorption costing beginning inventoryELUVariable costing ending inventoryFM$10,000Absorption costing ending inventoryGN$15,000PVVHOVAllocated fixed manufacturing costsIP$985,000There are no price, efficiency, or spending variances, and any production-volume variance is directly written off to cost of goods in the quarter in which it occurs.Complete the missing figures from the above Table. You need to show your work in order to be eligible for partial credit.Q1Q2Q3AJQBKRCLSDMTENUFOVGPHI

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