Cinnabar,Inc Requirements:
A)Compute Cinnabar's Unit Product Cost Under Absorption Costing and |

question 90

Essay

Cinnabar,Inc.has provided the following data for the year:
$$\begin{array} { | l | r | l | } \hline \text { Direct materials } & \$ 10 & \text { per unit } \\\hline \text { Direct labor } & \$ 15 & \text { per unit } \\\hline \text { Variable manufacturing overhead } & \$ 20 & \text { per unit } \\\hline \text { Fixed manufacturing overhead } & \$ 25,000 & \text { per year } \\\hline \text { Fixed selling and administrative costs } & \$ 15,000 & \text { per year } \\\hline \text { Sales price } & \$ 75 & \text { per unit } \\\hline \text { Beginning Finished Goods Inventory } & 500 & \text { units } \\\hline \text { Units produced } & 5,000 & \text { units } \\\hline \text { Units sold } & 4,500 & \text { units } \\\hline\end{array}$$ Requirements:
a)Compute Cinnabar's unit product cost under absorption costing and variable costing.
b)Prepare income statements for Cinnabar using absorption costing and variable costing.
c)Calculate the balance in Finished Goods Inventory using absorption costing and variable costing.
Assume that the production level,costs,and sales prices were the same in the previous year.

Identify appropriate statistical tests and confidence intervals for various research designs and data types.

Understand how to construct and interpret bootstrap confidence intervals, including the BCa interval.

Grasp the advantages of permutation tests in providing exact P-values and their application in non-normal distributions.

Learn to calculate bootstrap standard errors and understand their significance.

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