2. a. No, $72,000 is not the correct figure to use, since variable costing is
not generally accepted for external reporting purposes or for tax pur-
poses.
b. The Finished Goods inventory account should be stated at $90,000,
which represents the absorption cost of the 3,000 unsold units. Thus,
the account should be increased by $18,000 for external reporting
purposes. This $18,000 consists of the amount of fixed manufactur-
ing overhead cost that is allocated to the 3,000 unsold units under
absorption costing:
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