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 administrative expenses | $ | 135,000 | per year |
| Expected production (and sales) | 44,000 | units per year | |
Compute the target selling price per unit under absorption costing.
(Do not round intermediate calculations. Round your final
answer to 2 decimal places.)
|
Homework Answers
| Per unit | ||
| Direct materials | 106 | |
| Direct labor | 36 | |
| Variable overhead | 14 | |
| Fixed overhead | 5 | =220000/44000 |
| Total product cost using absorption costing | 161 | |
| Target profit | 64.4 | =161*40% |
| Target selling price | 225.4 |
Add Answer to:
Exercise 19-11 Absorption costing and product pricing LO P4
Sirhuds Inc., a maker of smartwatches, reports...
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...
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 19-11 Pricing with Absorption Costing $100 $30 Calculate absorption cost per unit: Direct materials Direct...
Exercise 19-11 Pricing with Absorption Costing $100 $30 Calculate absorption cost per unit: Direct materials Direct labor Variable overhead Fixed overhead Total Absorption Cost per unit $8 $12 600,000/50,000 $150 $60 Target Selling price per unit: Absorption Cost per unit $150 Target Selling price per unit $210 Exercise 19-11 Absorption costing and product pricing @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%...
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
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....
Orange Enterprise Orange Enterprises manufactures tablets and provided the below Information The absorption costing method is...
Orange Enterprise
Orange Enterprises manufactures tablets and provided the below Information The absorption costing method is used and has a target markup of 40% of absorption cost per unit Direct materiale cost Direct labor cost Variable overhead cost Fixed overhead coat Variable selling and administrative expenses Tixed selling and administrative expenses Expected production and sales) 100 per unit $ 30 per unit per unit 5600,000 per year per unit $120,000 per year 50.000 units per year Compute the target selling...
QS 19-1 Computing unit cost under absorption costing LO P1 Vijay Company reports the following information...
QS 19-1 Computing unit cost under absorption costing LO P1 Vijay Company reports the following information regarding its production costs. 10 per unit 20 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead Units produced 10 per unit $160,000 20,000 units Compute its product cost per unit under absorption costing. Product cost per unit QS 19-2 Computing unit cost under variable costing LO P1 Vijay Company reports the following information regarding its production costs....
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...
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 19-11 Pricing with Absorption Costing $100 $30 Calculate absorption cost per unit: Direct materials Direct labor Variable overhead Fixed overhead Total Absorption Cost per unit $8 $12 600,000/50,000 $150 $60 Target Selling price per unit: Absorption Cost per unit $150 Target Selling price per unit $210 Exercise 19-11 Absorption costing and product pricing @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%...
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
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....
Orange Enterprise
Orange Enterprises manufactures tablets and provided the below Information The absorption costing method is used and has a target markup of 40% of absorption cost per unit Direct materiale cost Direct labor cost Variable overhead cost Fixed overhead coat Variable selling and administrative expenses Tixed selling and administrative expenses Expected production and sales) 100 per unit $ 30 per unit per unit 5600,000 per year per unit $120,000 per year 50.000 units per year Compute the target selling...
QS 19-1 Computing unit cost under absorption costing LO P1 Vijay Company reports the following information regarding its production costs. 10 per unit 20 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead Units produced 10 per unit $160,000 20,000 units Compute its product cost per unit under absorption costing. Product cost per unit QS 19-2 Computing unit cost under variable costing LO P1 Vijay Company reports the following information regarding its production costs....
Most questions answered within 3 hours.
-
What specific indicators can point to lack of progress for
African Americans in American society?
asked 46 minutes ago -
1-The Electrons in a beam are moving at 2.7×108 m/s in an
electric field of 15000...
asked 1 hour ago -
A gas tank is a vertical cylinder. It has a radius of 1m, a
height of...
asked 1 hour ago -
Accent Software faces the following conditions. All of these
support Accent’s use of a market-penetration pricing...
asked 2 hours ago -
A mathematically inclined friend emails you the following
instructions: "Meet me in the cafeteria the first...
asked 2 hours ago -
A monopoly sells in two countries . The demand curves in the two
countries are p1...
asked 3 hours ago -
A .15kg rubber ball is bounced off a wall. Before hitting the
wall, the ball moves...
asked 4 hours ago -
A manufacturing company preparing to build a new plant is
considering three potential locations for it....
asked 4 hours ago -
B. If compound Y has approximately the same values of solubility
in toluene as compound X,...
asked 4 hours ago -
Oscar Inc. has inventory in Japan valued at 39,051,000 Yen one
year ago. One year ago...
asked 5 hours ago -
If Canada suffered from "fundamental disequilibrium," and its
government choose not to devalue its currency, a...
asked 5 hours ago -
4. How many input & output Key Value Pairs are passed into,
and emitted out of...
asked 5 hours ago