ONLY NEED 2A AND 4A !! THANK YOU!
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 |
ONLY NEED 2A AND 4A !! THANK YOU! Bracey Company manufactures and sells one product. The...
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