Job and Process costing
- Explain Major Difference between job and process costing.
Determine key amounts related to a job order costing system.
- Use a numerical example to Compute key amounts related to an activity-based costing system.
Explain product costs under activity-based costing and conventional costing methods.
- Condit Corporation manufactures a variety of products. Variable costing net operating income was $75,600 last year and was $80,100 this year. Last year, inventory decreased by 3,400 units. This year, inventory increased by 3,000 units. Fixed manufacturing overhead cost is $5 per unit.
What was the absorption costing net operating income this year?
A $78100
B $95100
C $65100
D $73600
