Homework Answers
Cost of Goods Sold:
Beginning Inventory 8,400
Add: Purchases 60,480
Total Inventory available = $68,880
Less: Ending Inventory 2,352
Cost of Goods Sold = $66,528
1.Calculation of operating income:
Net Sales Revenue = $123,200
Less: COGS $66,528
Selling and Admin Expenses = $38,192
Operating Income = $18,480
2. Unit Cost of one brush = 66,528/5,600
= $11.88
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how do you do cost per unit
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Renkas Brush Company sells standard hair brushes. The following information summarizes Renkas's operating activities for 2018: BE: (Click the icon to view the information.) Requirements 1. Calculate the operating income for 2018. 2. Renkas sold 6,500 brushes in 2018. Compute the unit cost for one brush. i Data Table - X Requirement 1. Calculate the operating income for 2018. Selling and Administrative Expenses Purchases Renkas Brush Company Income Statement Year Ended December 31, 2018 44,200 71,500 130,000 Net Sales Revenue...
Conway Brush Company sells standard hair brushes. The following information summarizes Conway's operating activities for 2018: (Click the icon to view the information.) Requirements 1. Calculate the operating income for 2018. 2. Conway sold 6,600 brushes in 2018. Compute the unit cost for one brush. Requirement 1. Calculate the operating income for 2018. A Data Table Conway Brush Company Income Statement Year Ended December 31, 2018 Revenue: Selling and Administrative Expenses $ Purchases 47,058 85,800 151,800 Cost of Goods Sold:...
Peters Brush Company sells standard hair brushes. The following information summarizes Peters's operating activities for 2018: E: (Click the icon to view the information.) Requirements 1. Calculate the operating income for 2018 2. Peters sold 6,300 brushes in 2018. Compute the unit cost for one brush. Requirement 1. Calculate the operating income for 2018 Peters Brush Company Income Statement Year Ended December 31, 2018 - X Revenue: Data Table Cost of Goods Sold: $ Selling and Administrative Expenses Purchases 53,550...
Swenson's selling and administrative expenses include the following: (Click the icon to view the expenses.) Swenson, Inc., sells tire rims. Its sales budget and inventory, purchases, and cost of goods sold budget for the nine months ended September 30, 2018, follow: (Click the icon to view the sales budget and inventory, purchases, and cost of goods sold budget.) Prepare a selling and administrative expense budget for each of the three quarters of 2018 and totals for the nine-month period. Swenson,...
Traditional Format Sales Cost of goods sold $12,000 Selling and administrative expenses: Selling Administrative Net operating income $3,100 1,900 Contribution Format $12,000 Sales 6,000 Variable expenses 6,000 Cost of goods sold $6,000 Variable selling 600 Variable administrative 400 5,000 Contribution margin $ 1,000 Fixed expenses: Fixed selling 2,500 Fixed administrative 1,500 Net operating income 7,000 5,000 4,000 $ 1000 For a manufacturing company, the cost of goods sold would include some variable costs, such as direct materials, direct labor, and...
how do you do cost per unit
um Te Shop selling pet supplies. On December 31, 2018, the acco E: (Click the icon to view the accounting records.) Read the requirements. $ 51,000 Revenue Net Sales Revenue Cost of Goods Sold: Beginning Merchandise Inventory Purchases of Merchandise Inventory 15,300 21,000 Enter any number in the edit fields and then click Check Answer. All parts showing Clear All Pearson Copyright © 2020 Pearson Education Inc. All rights reserved. Terms of Us!...
E17-15 (similar to) Data for Variline Designs, Inc. follow: E (Click the icon to view the data.) RequIraments Prepare a horizontal analysis of the comparative income statement of Variline Designs, Inc. Round Why did 2016 net income increase by a higher percentage than net sales revenue? 1. 2. Requirement 1. Prepare a horizontal analysis of the comparative income staternent of Variline Designs, Inc parentheses to indicate a decrease.) Variline Designs, Inc. Comparative Income Statement Years Ended December 31, 2016 and...
i Data Table Beginning Ending co Inventory balances: Work-in-Process Finished Goods Other information: Sales Revenue Selling and Administrative Expenses Direct Labor Manufacturing Overhead, actual and allocated Direct Materials Used ods N Print Done many list or enter any number in the input fields and then click Check Answer Clear All Check Answer Stewart Company has the following information for the year ended December 31, 2018 Click the icon to view the information.) Use the information to prepare a schedule of...
Maynard Company has the following projected costs for manufacluring and selling and administrative expenses: (Click the icon to view the projected costs.) Prepare a schedule of cash payments for Maynard for January, February, and March. Determine the balances in Prepaid Property Taxes, Accounts Payable, and Utilities Payable as of March 31. (If a box is not used in the table leave the box emply; do nol enter a zero.) January February March Total i Data Table Cash Payments Direct Materials:...
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