Homework Answers
| Dynatech Electronics | |||
| Full Costing Income Statements | |||
| 2017 | 2018 | 2019 | |
| Net Profit | $438,700 | $561,200 | $316,235 |
| Ending Inventory | $0 | $644,000 | $0 |
| Dynatech Electronics | |||
| Variable costing | |||
| 2017 | 2018 | 2019 | |
| Net Profit | $438,700 | $438,700 | $438,700 |
| Ending Inventory | $0 | $0 | $0 |
| Dynatech Electronics | |||
| Full Costing Income Statements | |||
| 2017 | 2018 | 2019 | |
| No of Unit sold | 14000 | 14000 | 14000 |
| Sales Revenue @$240 | $3,360,000 | $3,360,000 | $3,360,000 |
| Cost of Goods Sold | |||
| Beginning Invenry | $0 | $0 | $644,000 |
| Cost of
Goods Manufactured (14000*$192.75) (17500*184) (10500*207.33) |
$2,698,500 | $3,220,000 | 2176965 |
| Cost of Goods Available for Sale | $2,698,500 | $3,220,000 | $2,820,965 |
| Less: Ending Invenry (17500-14000)*184 | $644,000 | ||
| Cost of Goods Sold | $2,698,500 | $2,576,000 | $2,820,965 |
| Gross Margin | $661,500 | $784,000 | $539,035 |
| Selling and Administrative Expenses | |||
| Fixed | $222,800 | $222,800 | $222,800 |
| Total Selling and Adminstrative Expenses | $222,800 | $222,800 | $222,800 |
| Net Operating Income ( Loss) | $438,700 | $561,200 | $316,235 |
| Dynatech Electronics | |||
| Variable costing | |||
| 2017 | 2018 | 2019 | |
| No of Unit sold | 14000 | 14000 | 14000 |
| Sales Revenue @$240 | $3,360,000 | $3,360,000 | $3,360,000 |
| Less : Variable | |||
| Cost of Goods Sold @$149 | $2,086,000 | $2,086,000 | $2,086,000 |
| Total Variable Costs | $2,086,000 | $2,086,000 | $2,086,000 |
| Contribution Margin | $1,274,000 | $1,274,000 | $1,274,000 |
| Fixed Costs | |||
| Fixed production Cost | $612,500 | $612,500 | $612,500 |
| Selling and Administrative | $222,800 | $222,800 | $222,800 |
| Total Fixed Costs | $835,300 | $835,300 | $835,300 |
| Net Operating Income ( Loss) | $438,700 | $438,700 | $438,700 |
Add Answer to:
Dynatech Electronics produces a wireless home lighting device that allows consumers to turn on home lights...
Problem 5-1 Richetti Electronics produces a wireless home lighting device that allows consumers to turn on...
Problem 5-1 Richetti Electronics produces a wireless home lighting device that allows consumers to turn on home lights from their cars and light a path into and through their homes. Information on the first three years of business is as follows: Total 72,000 72,000 Units sold Units produced Fixed production costs Variable production costs per unit Selling price per unit Fixed selling and administrative expense 2017 24,000 24,000 $1,020,000 $157 $237 $226,800 2018 24,000 30,000 $1,020,000 $157 $237 $226,800 2019...
Oak Electronics produces a wireless home lighting device that allows consumers to turn on home lights...
Oak Electronics produces a wireless home lighting device that allows consumers to turn on home lights from their cars and light a safe path into and through their homes. Information on the first three years of business is as follows: Total 69.000 69.000 Units sold Units produced Feed production costs Variable production costs per unit Selling price per Fleed selling and administrative expense 2020 23,000 22,000 $362,500 $138 $261 5201100 2021 22.000 28.750 $862.500 $130 $261 $201.100 2022 22.000 17.250...
Accustart Stage Supplies is a manufacturer of a specialized type of light used in theaters. Information on th...
Accustart Stage Supplies is a manufacturer of a specialized
type of light used in theaters. Information on the first 3 years of
business is as follows:
2017
2018
2019
Total
Units sold
4,650
4,650
4,650
13,950
Units produced
4,650
5,580
3,720
13,950
Fixed production costs
$62,496
$62,496
$62,496
Variable production costs per unit
$78
$78
$78
Selling price per unit
$229
$229
$229
Fixed selling and administrative expense
$4,700
$4,700
$4,700
(a)
Your answer is partially correct. Try again.
Calculate...
Accustart Stage Supplies is a manufacturer of a specialized type of light used in theaters. Information on th...
Accustart Stage Supplies is a manufacturer of a specialized
type of light used in theaters. Information on the first 3 years of
business is as follows:
2017
2018
2019
Total
Units sold
4,650
4,650
4,650
13,950
Units produced
4,650
5,580
3,720
13,950
Fixed production costs
$62,496
$62,496
$62,496
Variable production costs per unit
$78
$78
$78
Selling price per unit
$229
$229
$229
Fixed selling and administrative expense
$4,700
$4,700
$4,700
(a)
Calculate profit and the value of ending inventory...
Runner Stage Supplies is a manufacturer of a specialized type of light used in theaters. Information...
Runner Stage Supplies is a manufacturer of a specialized type
of light used in theaters. Information on the first 3 years of
business is as follows:
2017
2018
2019
Total
Units sold
4,850
4,850
4,850
14,550
Units produced
4,850
5,820
3,880
14,550
Fixed production costs
$65,766
$65,766
$65,766
Variable production costs per unit
$69
$69
$69
Selling price per unit
$211
$211
$211
Fixed selling and administrative expense
$4,630
$4,630
$4,630
(a)
Calculate profit and the value of ending inventory...
The following information is available for Pembina Pools, a manufacturer of above-ground swimming pool kits: Total...
The following information is available for Pembina Pools, a manufacturer of above-ground swimming pool kits: Total 21,000 21,000 Units produced Units sold Selling price per unit Direct material per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per year Fixed selling and administrative expense per year 2017 12,690 10,500 $3,780 $770 $1,700 $289 $2,550,690 $1,492,000 2018 8,310 10,500 $3,780 $ 770 $1,700 $289 $2,550,690 $1,492,000 In its first year of operation, the company produced 12,690...
View Policies Current Attempt in Progress Kokomo produces stereo speakers. The selling price per pair of...
View Policies Current Attempt in Progress Kokomo produces stereo speakers. The selling price per pair of speakers is $1,840. There is no beginning inventory. $147 Costs involved in production are: Direct material Direct labor Variable manufacturing overhead Total variable manufacturing costs per unit 204 100 $451 Fixed manufacturing overhead per year $665,760 In addition, the company has fixed selling and administrative costs: Fixed selling costs per year $196,100 Fixed administrative costs per year $ 101,400 During the year, Kokomo produces...
Problem Six Harmony Lights produces flashlights. It has a varile manufacturing cost of $2.80 per unit,...
Problem Six Harmony Lights produces flashlights. It has a varile manufacturing cost of $2.80 per unit, a yaciable selling cost of $0.90 per unit, a fixed manufacturing cost ar, and a fixed selling and administratives of $22. S wear. The selling price of each flashlight is $12.00. At the beginning of the year, Harmony had to units in Finished Goods. There are no units in beginning or ending W.L.P. inventory a. IF 11.400 units are prodused and sold by what...
Exercise 5-11 to Exercise 5-18 Tri Town Manufacturing produces snow shovels. The selling price per snow...
Exercise 5-11 to Exercise 5-18
Tri Town Manufacturing produces snow shovels. The selling price per
snow shovel is $28.00. There is no beginning inventory.
Costs involved in production are:
Direct material
$6.00
Direct labor
4.00
Variable manufacturing overhead
4.00
Total variable manufacturing costs per unit
$14.00
Fixed manufacturing overhead per year
$196,560
In addition, the company has fixed selling and administrative costs
of $170,900 per year.
During the year, Tri Town produces 50,400 snow shovels and sells
45,390 snow shovels....
Problem 5-14 The following information relates to Pukalani Industries for fiscal 2017, the company’s first year...
Problem 5-14
The following information relates to Pukalani Industries for fiscal
2017, the company’s first year of operation:
Units produced
494,900
Units sold
448,800
Units in ending inventory
46,100
Fixed manufacturing overhead
$1,410,465
Calculate the amount of fixed manufacturing overhead that would
be expensed in 2017 using full costing. (Round fixed
manufacturing overhead per unit to 2 decimal places, e.g. 15.25 and
final answer to 0 decimal places, e.g. 125.)
Fixed manufacturing overhead expensed
$
LINK TO TEXT
LINK TO...
Problem 5-1 Richetti Electronics produces a wireless home lighting device that allows consumers to turn on home lights from their cars and light a path into and through their homes. Information on the first three years of business is as follows: Total 72,000 72,000 Units sold Units produced Fixed production costs Variable production costs per unit Selling price per unit Fixed selling and administrative expense 2017 24,000 24,000 $1,020,000 $157 $237 $226,800 2018 24,000 30,000 $1,020,000 $157 $237 $226,800 2019...
Oak Electronics produces a wireless home lighting device that allows consumers to turn on home lights from their cars and light a safe path into and through their homes. Information on the first three years of business is as follows: Total 69.000 69.000 Units sold Units produced Feed production costs Variable production costs per unit Selling price per Fleed selling and administrative expense 2020 23,000 22,000 $362,500 $138 $261 5201100 2021 22.000 28.750 $862.500 $130 $261 $201.100 2022 22.000 17.250...
Accustart Stage Supplies is a manufacturer of a specialized
type of light used in theaters. Information on the first 3 years of
business is as follows:
2017
2018
2019
Total
Units sold
4,650
4,650
4,650
13,950
Units produced
4,650
5,580
3,720
13,950
Fixed production costs
$62,496
$62,496
$62,496
Variable production costs per unit
$78
$78
$78
Selling price per unit
$229
$229
$229
Fixed selling and administrative expense
$4,700
$4,700
$4,700
(a)
Your answer is partially correct. Try again.
Calculate...
Accustart Stage Supplies is a manufacturer of a specialized
type of light used in theaters. Information on the first 3 years of
business is as follows:
2017
2018
2019
Total
Units sold
4,650
4,650
4,650
13,950
Units produced
4,650
5,580
3,720
13,950
Fixed production costs
$62,496
$62,496
$62,496
Variable production costs per unit
$78
$78
$78
Selling price per unit
$229
$229
$229
Fixed selling and administrative expense
$4,700
$4,700
$4,700
(a)
Calculate profit and the value of ending inventory...
Runner Stage Supplies is a manufacturer of a specialized type
of light used in theaters. Information on the first 3 years of
business is as follows:
2017
2018
2019
Total
Units sold
4,850
4,850
4,850
14,550
Units produced
4,850
5,820
3,880
14,550
Fixed production costs
$65,766
$65,766
$65,766
Variable production costs per unit
$69
$69
$69
Selling price per unit
$211
$211
$211
Fixed selling and administrative expense
$4,630
$4,630
$4,630
(a)
Calculate profit and the value of ending inventory...
The following information is available for Pembina Pools, a manufacturer of above-ground swimming pool kits: Total 21,000 21,000 Units produced Units sold Selling price per unit Direct material per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per year Fixed selling and administrative expense per year 2017 12,690 10,500 $3,780 $770 $1,700 $289 $2,550,690 $1,492,000 2018 8,310 10,500 $3,780 $ 770 $1,700 $289 $2,550,690 $1,492,000 In its first year of operation, the company produced 12,690...
View Policies Current Attempt in Progress Kokomo produces stereo speakers. The selling price per pair of speakers is $1,840. There is no beginning inventory. $147 Costs involved in production are: Direct material Direct labor Variable manufacturing overhead Total variable manufacturing costs per unit 204 100 $451 Fixed manufacturing overhead per year $665,760 In addition, the company has fixed selling and administrative costs: Fixed selling costs per year $196,100 Fixed administrative costs per year $ 101,400 During the year, Kokomo produces...
Problem Six Harmony Lights produces flashlights. It has a varile manufacturing cost of $2.80 per unit, a yaciable selling cost of $0.90 per unit, a fixed manufacturing cost ar, and a fixed selling and administratives of $22. S wear. The selling price of each flashlight is $12.00. At the beginning of the year, Harmony had to units in Finished Goods. There are no units in beginning or ending W.L.P. inventory a. IF 11.400 units are prodused and sold by what...
Exercise 5-11 to Exercise 5-18
Tri Town Manufacturing produces snow shovels. The selling price per
snow shovel is $28.00. There is no beginning inventory.
Costs involved in production are:
Direct material
$6.00
Direct labor
4.00
Variable manufacturing overhead
4.00
Total variable manufacturing costs per unit
$14.00
Fixed manufacturing overhead per year
$196,560
In addition, the company has fixed selling and administrative costs
of $170,900 per year.
During the year, Tri Town produces 50,400 snow shovels and sells
45,390 snow shovels....
Problem 5-14
The following information relates to Pukalani Industries for fiscal
2017, the company’s first year of operation:
Units produced
494,900
Units sold
448,800
Units in ending inventory
46,100
Fixed manufacturing overhead
$1,410,465
Calculate the amount of fixed manufacturing overhead that would
be expensed in 2017 using full costing. (Round fixed
manufacturing overhead per unit to 2 decimal places, e.g. 15.25 and
final answer to 0 decimal places, e.g. 125.)
Fixed manufacturing overhead expensed
$
LINK TO TEXT
LINK TO...
Most questions answered within 3 hours.
-
1a) According to the ideal gas law, _______________.
a. a gas has infinite volume at absolute...
asked 1 hour ago -
Oakdale Fashions, Inc. had $245,000 in 2018 taxable income.
Using the tax schedule in Table 2.3...
asked 1 hour ago -
The marketing class at CSUS had an average score of 150. An
educational analyst determined that...
asked 2 hours ago -
Justin Case has purchased a $250 000 home by putting 20 % down
and taking out...
asked 2 hours ago -
1. In a labor market, marginal cost for a firm is
____________.
a. recruiting cost
b....
asked 3 hours ago -
On January 1, 2019, ABC Company issued $60,000,000 of 20-year,
10.5% bonds when the market rate...
asked 3 hours ago -
39.4% of US homes continue to use a landline in addition to cell
phone service. 3...
asked 4 hours ago -
Starting with benzene, synthesize 1-phenyl-1-butyne.
Show intermediates and reagents.
asked 5 hours ago -
Create a 32-run crossed array design with six control factors
and two noise factors such that...
asked 6 hours ago -
A 500g sample of sand from source A has the following amounts
retained on each sieve....
asked 6 hours ago -
In
your own words, please explain the essay by John Keynes wrote "The
End of Laissez...
asked 6 hours ago -
How are the matrix and pixels related? Why are smaller
pixels better for diagnostic quality?
asked 6 hours ago