Answer:
Answer-2: | |
Net income | $ 207,000 |
Add: Selling and administrative expense | 2,366,000 |
Gross margin | 2,573,000 |
Add: Variable manufacturing cost (79,000 × $18.00) | 1,422,000 |
Add: Fixed manufacturing overhead (79,000 × $23.00) | 1,817,000 |
Revenue | 5,812,000 |
Actual selling price per unit | $ 72.00 |
Units to be produced for net operating of $207,000 | 80,722 |
Answer-3: | |
Net income | $ 207,000 |
Add: Selling and administrative expense | 2,366,000 |
Gross margin | 2,573,000 |
Add: Variable manufacturing cost (79,000 × $18.00) | 1,422,000 |
Add: Fixed manufacturing overhead (79,000 × $19.09) | 1,508,110 |
Revenue | 5,503,110 |
Actual selling price per unit | $ 72.00 |
Units to be produced for net operating of $207,000 | 76,432 |
Pat Miranda, the new controller of Vault Hard Drives, Inc., has just returned from a seminar...
Pat Miranda, the new controller of Vault Hard Drives, Inc., has just returned from a seminar on the choice of the activity level in the predetermined overhead rate. Even though the subject did not sound exciting at first, she found that there were some important ideas presented that should get a hearing at her company. After returning from the seminar, she arranged a meeting with the production manager, J. Stevens, and the assistant production manager, Marvin Washington. Pat: I ran...
Pat Miranda, the new controller of Vault Hard Drives, Inc., has just returned from a seminar on the choice of the activity level in the predetermined overhead rate. Even though the subject did not sound exciting at first, she found that there were some important ideas presented that should get a hearing at her company. After returning from the seminar, she arranged a meeting with the production manager, J. Stevens, and the assistant production manager, Marvin Washington. Pat: I ran...
Pat Miranda, the new controller of Vault Hard Drives, Inc., has just returned from a seminar on the choice of the activity level in the predetermined overhead rate. Even though the subject did not sound exciting at first, she found that there were some important ideas presented that should get a hearing at her company. After returning from the seminar, she arranged a meeting with the production manager, J. Stevens, and the assistant production manager, Marvin Washington Pat: Patt Marvin:...
Pat Miranda, the new controller of Vault Hard Drives, Inc., has just returned from a seminar on the choice of the activity level in the predetermined overhead rate. Even though the subject did not sound exciting at first, she found that there were some important ideas presented that should get a hearing at her company. After returning from the seminar, she arranged a meeting with the production manager, J. Stevens, and the assistant production manager, Marvin Washington. Pat: I ran...
Absorption and Variable Costing with Over- and Underapplied Overhead Flaherty, Inc., has just completed its first year of operations. The unit costs on a normal costing basis are as follows: Manufacturing costs (per unit): Direct materials (2 lbs. @ 1.25) $2.50 Direct labor (0.4 hr. @ 15.00) 6.00 Variable overhead (0.4 hr. @ 5.00) 2.00 Fixed overhead (0.4 hr. @ 7.00) 2.80 Total $13.30 Selling and administrative costs: Variable $1.80 per unit Fixed $221,500 During the year, the company had...
Absorption and Variable Costing with Over- and Underapplied Overhead Flaherty, Inc., has just completed its first year of operations. The unit costs on a normal costing basis are as follows: Manufacturing costs (per unit): Direct materials (3 lbs. @ 1.30) $3.90 Direct labor (0.4 hr. @ 17.50) 7.00 Variable overhead (0.4 hr. @ 4.00) 1.60 Fixed overhead (0.4 hr. @ 6.00) 2.40 Total $14.90 Selling and administrative costs: Variable $1.60 per unit Fixed $217,500 During the year, the company had...
High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant's operation: 44,000 39,000 76 A Beginning inventory Units produced Units sold Selling price per unit Selling and administrative expenses: Variable per unit Fixed (per month) Manufacturing costs: Direct materials cost per unit Direct labor...
ovement and supporting gets The rector of Peathered Friends Inc., with the assistance of the controller treasures production manager and sales manager, hes gathered the flowing data for use in developing the budgeted Income Matement for December mated sales for December Birdhouse 3,200 units at $50 per un Bird Feeder 3,000 $70 per unit Estimated Inventores at December 1 Direct materia 200 Ft Finished products 320 i 127 per unit 270 units at $40 per Desired inventories at December 31...
High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant's operation: 10,000 8,000 $75 Beginning inventory ......... Units produced .... Units sold .... Selling price per unit..... Selling and administrative expenses: Variable per unit .... Fixed (per month) ..... Manufacturing costs: Direct materials cost...
High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant's operation: 0 37,000 32,000 83 $ Beginning inventory Units produced Units sold Selling price per unit Selling and administrative expenses: Variable per unit Fixed (per month) Manufacturing costs: Direct materials cost per unit Direct...