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212 Challenge #6 Variable Costing Name Stronghold Vaults Company manufacturers vaults for safekeeping. For the year ended December 31, 2017 the following information was available regarding production for the year: Beg. Inventory The actual quantity of vaults manufactured Actual quantity of vaults sold in the year Ending inventory 10,000 22,000 20,000 Actual costs incurred as follows (fill in blanks before moving on) Manufacturing Costs Cost Per Unit for 22,000 manufactured Total Amount Absorption Method Variable Method Manufacturing Costs V Direct materials V Direct labor $2,200,000 1,496,000 Total variable direct costs 3,696,000 S 251,900 374,000 100,100 $ 110,000 Total variable FOH costs 836,000 36,300 183,700o $35,200 Total fixed FOH costs 255,200 Total FOH costs 1,091,200 200 V Indirect Materials V Indirect labor V Machinery repairs v Utilities F Depreciation F Rent F Utilities N/A N/A N/A Total manufacturing costs 4,787, Selling and Administrative Costs Cost per Unit Total for 20,000 sold Selling expenses: 5.00 V Sales commissions F Sales salaries F Store rent F Store utilities 510,000 $36,000 $ 12,600 Administrative expenses V Administrative salaries overtime F Administrative salaries F Office rent F Office utilities 2.75 $ 224,000 $28,000 $9,100 Using the data provided above, complete the following pages

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