Homework Answers
1) Cost per unit : Full absorption Cost
| Direct material | 40 |
| Direct labor | 30 |
| Variable manufacturing overhead | 15 |
| Fixed manufacturing overhead (300000/30000) | 10 |
| Unit Cost | 95 |
2) Cost per unit : Marginal Cost
| Direct material | 40 |
| Direct labor | 30 |
| Variable manufacturing overhead | 15 |
| Unit Cost | 85 |
Add Answer to:
Lucky Luke plc, makes and sells a single product with the following information per unit: Selling...
Q1. (25 marks) Revelstoke Corporation manufactures a product that has the following costs: Per unit Per...
Q1. (25 marks) Revelstoke Corporation manufactures a product that has the following costs: Per unit Per year Direct materials $6.00 Direct labour 5.00 Variable manufacturing overhead 4.00 Fixed manufacturing overhead |$360,000 Variable SG&A expenses 5.00 Fixed SG&A expenses 120,000 The company uses the absorption costing approach to cost-plus pricing. The pricing calculations are based on budgeted production and sales of 30,000 units per year. The company has invested $600,000 in this product and expects a return on investment of 15%....
Saunders manufactures a single product, details of which are as follows. per unit $ selling price...
Saunders manufactures a single product, details of which are as follows. per unit $ selling price 1500 direct materials 400 direct labour 200 variables overheads 150 Annual fixed production overheads are budgeted to be $4 million and Saunders expects to produce 80,000 units of Bark each year. Overheads are absorbed on a per unit basis. Budgeted fixed selling costs are $1,520,000 per quarter. Actual stock data for quarter of 2020 are given below. January -March April-June Sales 20000 23000 Production...
Bagawan Berhad started producing Product A on 1 January 2018. The unit selling price and cost...
Bagawan Berhad started producing Product A on 1 January 2018. The unit selling price and cost of Product A for the month of January 2018 as follows: (RM/unit) Selling price 5.90 Direct material 1.20 Direct labour 1.40 0.70 Variable production overheads Variable selling and administrative expenses 0.15 i) Fixed production overheads were budgeted at RM308,000 per month and were absorbed based on the number of units produced. Actual fixed production overheads of Product A were the same as the absorbed...
Simpsons plc calculated variable manufacturing costs of $1 for each bottle of its Duff beer. This includes already dire...
Simpsons plc calculated variable manufacturing costs of $1 for each bottle of its Duff beer. This includes already direct materials & direct labour. Total manufacturing costs per unit are calculated to amount to $1.20 per bottle. The fixed manufacturing costs of $6,000 (see below) were allocated to products based on the budgeted production level of 30,000 units/month. The company produces exactly the quantity that it had planned, i.e. 30,000 bottles/month, but it sold only 29,000 bottles this month. Opening inventory...
Baxtell Company manufactures and sells a single product. The following costs were incurred during the company's...
Baxtell Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations: Variable costs per unit: Manufacturing: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expense 276,300 133.000 During the year, the company produced 30,700 units and sold 26,600 units. The selling price of the company's product is $70 per unit. Required: 1. Assume that the company uses...
Kirgan, Inc., manufactures a product with the following costs: Per Year Per Unit $26.40 $15.40 $...
Kirgan, Inc., manufactures a product with the following costs: Per Year Per Unit $26.40 $15.40 $ 3.60 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $1,545,600 $ 3.50 $1,514,700 The company uses the absorption costing approach to cost-plus pricing described in the text. The pricing calculations are based on budgeted production and sales of 96,000 units per year. The company has invested $370,000 in this product and expects...
Denton Company manufactures and sells a single product. Cost data for the product are given below:...
Denton Company manufactures and sells a single product. Cost data for the product are given below: Variable costs per unit: Direct materials $7 Direct labor 10 Variable manufacturing overhead 5 Variable selling and administrative 3 Total variable cost per unit $25 Fixed costs per month: Fixed manufacturing overhead $ 315,000 Fixed selling and administrative 245,000 Total fixed cost per month $ 560,000 The product sells for $60 per unit. Production and sales data for July and August, the first two...
B U А. А 01 mark) Revelstoke Corporation manufactures product that has the following Per year...
B U А. А 01 mark) Revelstoke Corporation manufactures product that has the following Per year Per unit WOD 5.00 4.00 Direct materials Direct labour Variable manufacturing overhead Fixed manufacturing overhead Variable SG&A expenses Fixed S&A expenses 5360.000 5.00 120.000 The company uses the absorption costing approach to cost.plus pricing. The pricing calculations are based on budgeted production and sales of 30,000 units per year, The company has invested 5600,000 in this product and expects a return on investment of...
The Dorset Corporation produces and sells a single product. The following data refer to the year...
The Dorset Corporation produces and sells a single product. The following data refer to the year just completed: 34,100 28,100 452 $ Beginning inventory Units produced Units sold Selling price per unit Selling and administrative expenses: Variable per unit Fixed per year Manufacturing costs: Direct materials cost per unit Direct labor cost per unit Variable manufacturing overhead cost per unit Fixed manufacturing overhead per year $ 23 $393,400 $ 208 $ 58 $ 38 $716,100 Assume that direct labor is...
The Dorset Corporation produces and sells a single product. The following data refer to the year...
The Dorset Corporation produces and sells a single product. The following data refer to the year just completed: 32,700 27,100 459 Beginning inventory Units produced Units sold Selling price per unit Selling and administrative expenses : Variable per unit Fixed per year Manufacturing costs: Direct materials cost per unit Direct labor cost per unit Variable manufacturing overhead cost per unit Fixed manufacturing overhead per year 20 $ 406,500 $ 298 $ 52 30 $425, 100 Assume that direct labor is...
Q1. (25 marks) Revelstoke Corporation manufactures a product that has the following costs: Per unit Per year Direct materials $6.00 Direct labour 5.00 Variable manufacturing overhead 4.00 Fixed manufacturing overhead |$360,000 Variable SG&A expenses 5.00 Fixed SG&A expenses 120,000 The company uses the absorption costing approach to cost-plus pricing. The pricing calculations are based on budgeted production and sales of 30,000 units per year. The company has invested $600,000 in this product and expects a return on investment of 15%....
Bagawan Berhad started producing Product A on 1 January 2018. The unit selling price and cost of Product A for the month of January 2018 as follows: (RM/unit) Selling price 5.90 Direct material 1.20 Direct labour 1.40 0.70 Variable production overheads Variable selling and administrative expenses 0.15 i) Fixed production overheads were budgeted at RM308,000 per month and were absorbed based on the number of units produced. Actual fixed production overheads of Product A were the same as the absorbed...
Simpsons plc calculated variable manufacturing costs of $1 for each bottle of its Duff beer. This includes already direct materials & direct labour. Total manufacturing costs per unit are calculated to amount to $1.20 per bottle. The fixed manufacturing costs of $6,000 (see below) were allocated to products based on the budgeted production level of 30,000 units/month. The company produces exactly the quantity that it had planned, i.e. 30,000 bottles/month, but it sold only 29,000 bottles this month. Opening inventory...
Baxtell Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations: Variable costs per unit: Manufacturing: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expense 276,300 133.000 During the year, the company produced 30,700 units and sold 26,600 units. The selling price of the company's product is $70 per unit. Required: 1. Assume that the company uses...
Kirgan, Inc., manufactures a product with the following costs: Per Year Per Unit $26.40 $15.40 $ 3.60 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $1,545,600 $ 3.50 $1,514,700 The company uses the absorption costing approach to cost-plus pricing described in the text. The pricing calculations are based on budgeted production and sales of 96,000 units per year. The company has invested $370,000 in this product and expects...
B U А. А 01 mark) Revelstoke Corporation manufactures product that has the following Per year Per unit WOD 5.00 4.00 Direct materials Direct labour Variable manufacturing overhead Fixed manufacturing overhead Variable SG&A expenses Fixed S&A expenses 5360.000 5.00 120.000 The company uses the absorption costing approach to cost.plus pricing. The pricing calculations are based on budgeted production and sales of 30,000 units per year, The company has invested 5600,000 in this product and expects a return on investment of...
The Dorset Corporation produces and sells a single product. The following data refer to the year just completed: 34,100 28,100 452 $ Beginning inventory Units produced Units sold Selling price per unit Selling and administrative expenses: Variable per unit Fixed per year Manufacturing costs: Direct materials cost per unit Direct labor cost per unit Variable manufacturing overhead cost per unit Fixed manufacturing overhead per year $ 23 $393,400 $ 208 $ 58 $ 38 $716,100 Assume that direct labor is...
The Dorset Corporation produces and sells a single product. The following data refer to the year just completed: 32,700 27,100 459 Beginning inventory Units produced Units sold Selling price per unit Selling and administrative expenses : Variable per unit Fixed per year Manufacturing costs: Direct materials cost per unit Direct labor cost per unit Variable manufacturing overhead cost per unit Fixed manufacturing overhead per year 20 $ 406,500 $ 298 $ 52 30 $425, 100 Assume that direct labor is...
Most questions answered within 3 hours.
-
If you’re standing at the bottom of a hill and asked to evaluate
it while being...
asked 1 minute ago -
A 8.15- g bullet from a 9-mm pistol has a velocity of 366.0 m/s.
It strikes...
asked 1 hour ago -
The outstanding bonds of Alpha Extracts have a yield to maturity
of 7.4 percent and a...
asked 1 hour ago -
The Problem: The Case of the Harmonizing Vacations
Your CEO is exploring partnering with a European...
asked 2 hours ago -
A chemical equation is balanced by adding coefficients in front
of some formulas so that the...
asked 2 hours ago -
From the literature (reference your sources): What are the
lattice parameters of calcite and aragonite? Why...
asked 3 hours ago -
Your system is rejecting the question am asking which is
preceded by a case study. It...
asked 3 hours ago -
3. On January 2, 2000, Larry creates a trust with himself as
trustee. Larry as trustee...
asked 3 hours ago -
A member of the volleyball team spikes the ball. During this
process, she changes the velocity...
asked 3 hours ago -
Are adult gamers less likely to use a gaming console (Xbox,
PlayStation, Wii, etc...) than teen...
asked 4 hours ago -
The University of
Texas recently reported that 43% of college students aged 18-24
would spend their...
asked 4 hours ago -
The length of stay at a specific emergency department in
Phoenix, Arizona, in 2009 had a...
asked 3 hours ago