The operating income calculated using variable costing and absorption costing amounted to $9400 and $11,200, respectively. There were no beginning inventories. Determine the total number of units produced during the year.
Docherty, Inc. reports the following information for the year ended December 31:
A) 640 units
B) 790 units
C) 15 units
D) 150 units
B) 790 units
Number of units in the ending Finished Goods Inventory = (Profit using absorption costing -
Profit using variable costing) / Fixed manufacturing overhead per unit =
($11,200 - $9400) / $12 per unit = 150 units
Number of units produced = Units sold + Ending Inventory - Beginning Inventory
Number of units produced = 640 units + 150 units - 0 = 790 units
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