Mopart Division The Mopart Division produces a single product. Its standard cost system uses a flexible budget to assign indirect costs on the basis of standard direct labor hours. At the budgeted volume of 4,000 direct labor hours, the standard cost per unit is as follows: 11eb559c_84c2_7e15_a8c8_87a97e8efb9e_SM1503_00 For the month of March, the following actual data were reported: 11eb559c_84c2_7e16_a8c8_03a2f86d082f_SM1503_00 There was no beginning inventory. Required: a. Analyze the results of operations for March. Support your analysis. b. Present two income statements in good format using absorption costing and variable costing net income. c. Reconcile any difference in net income between the two statements. d. What is the opportunity cost of the unused normal capacity?

Accounting for Decision Making and Control 7th Edition by Jerold Zimmerman

النسخة 7الرقم المعياري الدولي: 978-0078136726

Accounting for Decision Making and Control 7th Edition by Jerold Zimmerman

النسخة 7الرقم المعياري الدولي: 978-0078136726

تمرين 17

Mopart Division
The Mopart Division produces a single product. Its standard cost system uses a flexible budget to assign indirect costs on the basis of standard direct labor hours. At the budgeted volume of 4,000 direct labor hours, the standard cost per unit is as follows:

For the month of March, the following actual data were reported:

There was no beginning inventory.
Required:
a. Analyze the results of operations for March. Support your analysis.
b. Present two income statements in good format using absorption costing and variable costing net income.
c. Reconcile any difference in net income between the two statements.
d. What is the opportunity cost of the unused normal capacity?

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This is a difficult problem that combine...