Homework Answers
| Absorption cost per unit: | |
| Direct materials | $100 |
| Direct labor | $30 |
| Variable overhead | $8 |
|
Fixed overhead |
$12 |
| Total absorption cost per unit [$100 + $30 + $8 + $12] | $150 |
| Target selling price per unit: | |
| Absorption Cost per unit | $150 |
| Target profit [Cost per unit x 40% = $150 x 40%] | $60 |
| Target selling price per unit [$150 + $60] | $210 |
Add Answer to:
Exercise 19-11 Pricing with Absorption Costing $100 $30 Calculate absorption cost per unit: Direct materials Direct...
Exercise 19-11 Absorption costing and product pricing LO P4 Sirhuds Inc., a maker of smartwatches, reports...
Exercise 19-11 Absorption costing and product pricing LO P4 Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit. Direct materials cost $ 106 per unit Direct labor cost $ 36 per unit Variable overhead cost $ 14 per unit Fixed overhead cost $ 220,000 per year Variable selling and administrative expenses $ 6 per unit Fixed selling and...
Exercise 19-11 Absorption costing and product pricing LO P4 Help Save & EX Sirhuds Inc., a...
Exercise 19-11 Absorption costing and product pricing LO P4 Help Save & EX Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit Check Direct materials cost Direct Labor cost Variable overhead cost Pixed overhead cost Variable selling and administrative expenses Fixed selling and administrative expenses Expected production (and sales) 100 per unit 30 per unit per unit $600,000 per...
Exercise 19-5 Absorption costing and variable costing income statements LO P2 Rey Company's single product sells...
Exercise 19-5 Absorption costing and variable costing income statements LO P2 Rey Company's single product sells at a price of $216 per unit. Data for its single product for its first year of operations follow. 20 per unit 28 per unit Direct materials Direct labor Overhead costs Variable overhead Pixed overhead per year Selling and administrative expenses Variable Fixed Units produced and sold 6 per unit $ 160,000 per year 18 per unit $ 200,000 per year 20,000 units 1....
Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses absorption costin...
Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit. Direct materials cost Direct labor cost Variable overhead cost Fixed overhead cost Variable selling and administrative expenses Fixed selling and administrative expenses Expected production (and sales) ta ta ta ta ta 128 per unit 58 per unit 36 per unit $ 231,000 per year $ 17 per unit $ 190,000...
Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses...
Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit Direct materials cost Direct labor cost Variable overhead cost Fixed overhead cost Variable selling and administrative expenses Fixed selling and administrative expenses Expected production (and sales) 134 per unit $ 64 per unit 42 per unit $192,000 per year 20 per unit $205,000 per year 16,000 units per year Compute...
Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses...
Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit. Direct materials cost Direct labor cost Variable overhead cost Fixed overhead cost Variable selling and administrative expenses Fixed selling and administrative expenses Expected production and sales) $ 128 per unit 58 per unit 36 per unit $231,000 per year 17 per unit $190.000 per year 22,000 units per year Compute...
Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $35,...
Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $35, direct labor $24, variable manufacturing overhead $18, fed manufacturing overhead $52, variable selling and administrative expenses $13, and selling and administrative expenses $27. is desired ROI per unit is $20. Compute the marke percentage using variable cost pricing. (Round answer to decimal place 10.S .) Markup percentage 59 Kaspar Corporation makes a commercial-grade cooking griddle. The following information is available for Kaspar Corporation's anticipated...
Sirhuds Inc., a maker of smart watches, reports the information below on its product. The company...
Sirhuds Inc., a maker of smart watches, reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit. Compute the target selling price per unit under absorption costing. Direct Materials Cost.........................................$100 per unit Direct Labor Cost..............................................$30 per unit Variable Overhead Cost......................................$8 per unit Fixed Overhead Cost..........................................$600,000 per year Variable selling and administrative expenses........$3 per unit Fixed selling and administrative expenses...........$120,000 per year Expected production (and sales).........................50,000 units...
QS 19-17 Absorption costing and product pricing LO P4 A manufacturer reports the following information on...
QS 19-17 Absorption costing and product pricing LO P4 A manufacturer reports the following information on its product. 1.25 points eBook Direct materials cost Direct labor cost Variable overhead cost Fixed overhead cost Target markup $ 52.00 per unit $ 12.20 per unit $ 6.20 per unit $ 2.20 per unit 30 % Hint Ask Print Compute the target selling price per unit under absorption costing. References Target selling price per unit
Required Information Exercise 19-9 Income statement under absorption costing and variable costing LO P1, P2 (The...
Required Information Exercise 19-9 Income statement under absorption costing and variable costing LO P1, P2 (The following information applies to the questions displayed below.) Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 46,000 units and sold 38.000 units at a price of $140 per unit. $ 60 22 000 Manufacturing costs Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead...
Exercise 19-11 Absorption costing and product pricing LO P4 Help Save & EX Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit Check Direct materials cost Direct Labor cost Variable overhead cost Pixed overhead cost Variable selling and administrative expenses Fixed selling and administrative expenses Expected production (and sales) 100 per unit 30 per unit per unit $600,000 per...
Exercise 19-5 Absorption costing and variable costing income statements LO P2 Rey Company's single product sells at a price of $216 per unit. Data for its single product for its first year of operations follow. 20 per unit 28 per unit Direct materials Direct labor Overhead costs Variable overhead Pixed overhead per year Selling and administrative expenses Variable Fixed Units produced and sold 6 per unit $ 160,000 per year 18 per unit $ 200,000 per year 20,000 units 1....
Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit. Direct materials cost Direct labor cost Variable overhead cost Fixed overhead cost Variable selling and administrative expenses Fixed selling and administrative expenses Expected production (and sales) ta ta ta ta ta 128 per unit 58 per unit 36 per unit $ 231,000 per year $ 17 per unit $ 190,000...
Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit Direct materials cost Direct labor cost Variable overhead cost Fixed overhead cost Variable selling and administrative expenses Fixed selling and administrative expenses Expected production (and sales) 134 per unit $ 64 per unit 42 per unit $192,000 per year 20 per unit $205,000 per year 16,000 units per year Compute...
Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit. Direct materials cost Direct labor cost Variable overhead cost Fixed overhead cost Variable selling and administrative expenses Fixed selling and administrative expenses Expected production and sales) $ 128 per unit 58 per unit 36 per unit $231,000 per year 17 per unit $190.000 per year 22,000 units per year Compute...
Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $35, direct labor $24, variable manufacturing overhead $18, fed manufacturing overhead $52, variable selling and administrative expenses $13, and selling and administrative expenses $27. is desired ROI per unit is $20. Compute the marke percentage using variable cost pricing. (Round answer to decimal place 10.S .) Markup percentage 59 Kaspar Corporation makes a commercial-grade cooking griddle. The following information is available for Kaspar Corporation's anticipated...
QS 19-17 Absorption costing and product pricing LO P4 A manufacturer reports the following information on its product. 1.25 points eBook Direct materials cost Direct labor cost Variable overhead cost Fixed overhead cost Target markup $ 52.00 per unit $ 12.20 per unit $ 6.20 per unit $ 2.20 per unit 30 % Hint Ask Print Compute the target selling price per unit under absorption costing. References Target selling price per unit
Required Information Exercise 19-9 Income statement under absorption costing and variable costing LO P1, P2 (The following information applies to the questions displayed below.) Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 46,000 units and sold 38.000 units at a price of $140 per unit. $ 60 22 000 Manufacturing costs Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead...
Most questions answered within 3 hours.
-
Accent Software faces the following conditions. All of these
support Accent’s use of a market-penetration pricing...
asked 35 minutes ago -
A mathematically inclined friend emails you the following
instructions: "Meet me in the cafeteria the first...
asked 37 minutes ago -
A monopoly sells in two countries . The demand curves in the two
countries are p1...
asked 1 hour ago -
A .15kg rubber ball is bounced off a wall. Before hitting the
wall, the ball moves...
asked 2 hours ago -
A manufacturing company preparing to build a new plant is
considering three potential locations for it....
asked 2 hours ago -
B. If compound Y has approximately the same values of solubility
in toluene as compound X,...
asked 3 hours ago -
Oscar Inc. has inventory in Japan valued at 39,051,000 Yen one
year ago. One year ago...
asked 3 hours ago -
If Canada suffered from "fundamental disequilibrium," and its
government choose not to devalue its currency, a...
asked 3 hours ago -
4. How many input & output Key Value Pairs are passed into,
and emitted out of...
asked 3 hours ago -
Why would your heart not function well if constructed of
skeletal muscle? What is the particular...
asked 3 hours ago -
Please respond to this essay question in full essay form for
Chemistry 1102 Organic and Biochemistry:...
asked 3 hours ago -
Determine the head loss and velocity of flow in a water supply main
of 15.0 cm...
asked 3 hours ago