Question

Bracey Company manufactures and sells one product. The following information pertains to the companys first year of operatioReq 1A Req 1B Req 2A Req 2B Req 3A Req 3B Req 4A Req 4B Compute the unit product cost for the year. Assume the company uses aReq 1A Regia Req 1B Reg 18 Req 2A Reaza Reg 28 Rea Sa Req 3A Rea 38 Req 2B Region Req 4A Reg a Reg 3B Reg 4B Reconcile the di

ONLY NEED 2A AND 4A !! THANK YOU!

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Answer #1
2A) Unit product cost
Direct Materials $   24.00
Direct Labor $   13.00
Cost per unit $   37.00
4A) Reconciliation
Super variable costing income $ 18,150.00
Add: Direct labor cost deferred $ 18,200.00 [(22500 - 21100) x $ 13]
Variable costing income $ 36,350.00

Workings:

Income Statement (Variable costing)
Sales ($ 58 x 21100) $ 1,223,800.00
Less: Variable expenses
Direct Material ($ 24 x 21100) $    506,400.00
Direct Labor ($ 13 x 21100) $    274,300.00
Contribution Margin $    443,100.00
Less: Fixed expenses:
Fixed Manu. OH $    348,750.00
Fixed selling and adm. OH $      58,000.00
Net Operating Income $      36,350.00
Income Statement (Super Variable Costing)
Sales ($ 58 x 21100) $ 1,223,800.00
Less: Variable expenses
Direct Material ($ 24 x 21100) $    506,400.00
Contribution Margin $    717,400.00
Less: Fixed expenses:
Direct Labor $    292,500.00
Fixed Manu. OH $    348,750.00
Fixed selling and adm. OH $      58,000.00
Net Operating Income $      18,150.00
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