Analyze nestle csr initiative plan focuses on society issues
This is a CSR project, and choose to nestle as our company Note: Please give answer on mentioned words (must add intext citation) and required
What would hope operating income be under absorption
Assignment Instructions
Assignment ID: FG132468306
Information from Hope Company’s records for the year ended December 31, 2015 is available as follows:
Net sales $2,800,000
Cost of goods manufactured:
Variable $1,260,000
Fixed $630,000
Operating expenses:
Variable $196,000
Fixed $240,000
Units manufactured 70,000
Units sold 60,000
Finished goods inventory, 1/1/2015 $0
Hope had no work-in-process inventories at either the beginning or end of 2015.
Question a. What would be Hope’s finished goods inventory cost under the variable (direct) costing method at December 31, 2015?
Question b. What would Hope’s operating income be under the absorption costing method?
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