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Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations,...
Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the c...
Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred the following costs. Variable Costs per Unit Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses $8.70 $4.00 $6.73 $4.52 Fixed Costs per Year Fixed manufacturing overhead Fixed selling and administrative expenses $266,800 $243,716 Siren Company sells the fishing lures for $29.00. During 2020, the company sold 82,000 lures and produced 92,000 lures. Your answer is correct....
Exercise 6-17 Siren Company builds custom fishing lures for sporting goods stores. In its first year...
Exercise 6-17 Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred the following costs Variable Costs per Unit Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses $9.90 $4.55 $7.66 $5.15 Fixed Costs per Year Fixed manufacturing overhead Fixed selling and administrative expenses $303,600 $277.332 Siren Company sells the fishing lures for $33.00. During 2020, the company sold 80,000 lures and produced 92,000 lures. Assuming the...
Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations,...
Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred the following costs. Variable Costs per Unit Direct materials $9.60 Direct labor $4.42 Variable manufacturing overhead $7.42 Variable selling and administrative expenses $4.99 Fixed Costs per Year Fixed manufacturing overhead $281,600 Fixed selling and administrative expenses $268,928 Siren Company sells the fishing lures for $32.00. During 2020, the company sold 79,000 lures and produced 88,000 lures. Assuming the company uses...
Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations,...
Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred the following costs. Variable Costs per Unit Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses $7.80 $3.59 $6.03 4.06 Fixed Costs per Year Fixed manufacturing overhead Fixed selling and administrative expenses $244,400 $218,504 Siren Company sells the fishing lures for $26.00. During 2020, the company sold 80,000 lures and produced 94,000 lures. Your answer is correct....
Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations,...
Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred the following costs. Variable Costs per Unit Direct materials $10.05 Direct labor $4.62 Variable manufacturing overhead $7.77 Variable selling and administrative expenses $5.23 Fixed Costs per Year Fixed manufacturing overhead $311,550 Fixed selling and administrative expenses $281,534 Siren Company sells the fishing lures for $33.50. During 2020, the company sold 81,000 lures and produced 93,000 lures. Assuming the company uses...
Exercise 6-17 (Part Level Submission) Siren Company builds custom fishing lures for sporting goods stores. In...
Exercise 6-17 (Part Level Submission)
Siren Company builds custom fishing lures for sporting goods
stores. In its first year of operations, 2020, the company incurred
the following costs.
Variable Costs per Unit
Direct materials
$10.05
Direct labor
$4.62
Variable manufacturing overhead
$7.77
Variable selling and administrative expenses
$5.23
Fixed Costs per Year
Fixed manufacturing overhead
$311,550
Fixed selling and administrative expenses
$281,534
Siren Company sells the fishing lures for $33.50. During 2020, the
company sold 81,000 lures and produced 93,000...
Exercise 19-17 (Part Level Submission) Siren Company builds custom fishing lures for sporting goods stores. In its firs...
Exercise 19-17 (Part Level Submission) Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2017, the company incurred the following costs. Variable Costs per Unit Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses $7.88 $3.62 $6.09 $4.10 Fixed Costs per Year Fixed manufacturing overhead Fixed selling and administrative expenses $241,960 $220,605 Siren Company sells the fishing lures for $26.25. During 2017, the company sold 80,000 lures and produced 92,000...
Langdon Company produced 9,600 units during the past year, but only 8,300 of the units were...
Langdon Company produced 9,600 units during the past year, but only 8,300 of the units were sold. The following additional information is also available Direct materials used Direct labor incurred Variable manufacturing overhead Fixed manufacturing overhead Fixed selling and administrative expenses Variable selling and administrative expenses $104,100 $28,500 $21,000 $38,400 $71,500 $9,000 There was no work in process inventory at the beginning and end of the year, nor did Langdon have any beginning finished goods inventory X] Your answer is...
Exercise 6-18 Langdon Company produced 9,600 units during the past year, but only 8,500 of the...
Exercise 6-18 Langdon Company produced 9,600 units during the past year, but only 8,500 of the units were sold. The following additional information is also available. Direct materials used Direct labor incurred Variable manufacturing overhead Fixed manufacturing overhead Fixed selling and administrative expenses Variable selling and administrative expenses $93,500 $30,000 $20,500 $48,000 $72,000 $9,000 There was no work in process inventory at the beginning and end of the year, nor did Langdon have any beginning finished goods inventory. What would...
1. Assuming the company uses variable costing, calculate Marigold’s manufacturing cost per unit for 2020. (Round...
1. Assuming the company uses variable costing, calculate
Marigold’s manufacturing cost per unit for 2020. (Round
answer to 2 decimal places, e.g. 10.50.)
2. Prepare a variable costing income statement for 2020.
(Enter negative amounts using either a negative sign
preceding the number e.g. -45 or parentheses e.g.
(45).)
3. Assuming the company uses absorption costing, calculate
Marigold’s manufacturing cost per unit for 2020. (Round
answer to 2 decimal places, e.g. 10.50.)
4. Prepare an absorption costing income statement for...
Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred the following costs. Variable Costs per Unit Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses $8.70 $4.00 $6.73 $4.52 Fixed Costs per Year Fixed manufacturing overhead Fixed selling and administrative expenses $266,800 $243,716 Siren Company sells the fishing lures for $29.00. During 2020, the company sold 82,000 lures and produced 92,000 lures. Your answer is correct....
Exercise 6-17 Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred the following costs Variable Costs per Unit Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses $9.90 $4.55 $7.66 $5.15 Fixed Costs per Year Fixed manufacturing overhead Fixed selling and administrative expenses $303,600 $277.332 Siren Company sells the fishing lures for $33.00. During 2020, the company sold 80,000 lures and produced 92,000 lures. Assuming the...
Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred the following costs. Variable Costs per Unit Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses $7.80 $3.59 $6.03 4.06 Fixed Costs per Year Fixed manufacturing overhead Fixed selling and administrative expenses $244,400 $218,504 Siren Company sells the fishing lures for $26.00. During 2020, the company sold 80,000 lures and produced 94,000 lures. Your answer is correct....
Exercise 6-17 (Part Level Submission)
Siren Company builds custom fishing lures for sporting goods
stores. In its first year of operations, 2020, the company incurred
the following costs.
Variable Costs per Unit
Direct materials
$10.05
Direct labor
$4.62
Variable manufacturing overhead
$7.77
Variable selling and administrative expenses
$5.23
Fixed Costs per Year
Fixed manufacturing overhead
$311,550
Fixed selling and administrative expenses
$281,534
Siren Company sells the fishing lures for $33.50. During 2020, the
company sold 81,000 lures and produced 93,000...
Exercise 19-17 (Part Level Submission) Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2017, the company incurred the following costs. Variable Costs per Unit Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses $7.88 $3.62 $6.09 $4.10 Fixed Costs per Year Fixed manufacturing overhead Fixed selling and administrative expenses $241,960 $220,605 Siren Company sells the fishing lures for $26.25. During 2017, the company sold 80,000 lures and produced 92,000...
Langdon Company produced 9,600 units during the past year, but only 8,300 of the units were sold. The following additional information is also available Direct materials used Direct labor incurred Variable manufacturing overhead Fixed manufacturing overhead Fixed selling and administrative expenses Variable selling and administrative expenses $104,100 $28,500 $21,000 $38,400 $71,500 $9,000 There was no work in process inventory at the beginning and end of the year, nor did Langdon have any beginning finished goods inventory X] Your answer is...
Exercise 6-18 Langdon Company produced 9,600 units during the past year, but only 8,500 of the units were sold. The following additional information is also available. Direct materials used Direct labor incurred Variable manufacturing overhead Fixed manufacturing overhead Fixed selling and administrative expenses Variable selling and administrative expenses $93,500 $30,000 $20,500 $48,000 $72,000 $9,000 There was no work in process inventory at the beginning and end of the year, nor did Langdon have any beginning finished goods inventory. What would...
1. Assuming the company uses variable costing, calculate
Marigold’s manufacturing cost per unit for 2020. (Round
answer to 2 decimal places, e.g. 10.50.)
2. Prepare a variable costing income statement for 2020.
(Enter negative amounts using either a negative sign
preceding the number e.g. -45 or parentheses e.g.
(45).)
3. Assuming the company uses absorption costing, calculate
Marigold’s manufacturing cost per unit for 2020. (Round
answer to 2 decimal places, e.g. 10.50.)
4. Prepare an absorption costing income statement for...
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