TB Problem Qu. 7-256 Murphy Inc., which produces a single ...
TB Problem Qu. 7-256 Murphy Inc., which produces a single ...
Murphy Inc., which produces a single product, has provided the following data for its most recent month of operation:
| Number of units produced | 12,800 | |
|---|---|---|
| Variable costs per unit: | ||
| Direct materials | $ | 171 |
| Direct labor | $ | 70 |
| Variable manufacturing overhead | $ | 9 |
| Variable selling and administrative expenses | $ | 10 |
| Fixed costs: | ||
| Fixed manufacturing overhead | $768,000 | |
| Fixed selling and administrative expenses | $256,000 |
The company had no beginning or ending inventories.
Required:
a. Compute the unit product cost under absorption costing.
b. Compute the unit product cost under variable costing.
Homework Answers
48 Murphy Inc., which produces a single product, has provided the following data for its most...
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Murphy Inc., which produces a single product, has provided the following data for its most recent...
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Murphy Inc., which produces a single product, has provided the following data for its most recent...
Murphy Inc., which produces a single product, has provided the following data for its most recent month of operation: Number of units produced 7,000 Variable costs per unit: Direct materials $ 37 Direct labor $ 43 Variable manufacturing overhead $ 5 Variable selling and administrative expenses $ 1 Fixed costs: Fixed manufacturing overhead $ 84,000 Fixed selling and administrative expenses $ 119,000 The company had no beginning or ending inventories. Required: a. Compute the unit product cost under absorption costing....
Murphy Inc., which produces a single product, has provided the following data for its most recent...
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A company produces a single product. Variable production costs are $13.50 per unit and variable selling and administrat...
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Problem 6. Italia Espresso Machina Inc. produces a single product. Data concerning the company's operations last...
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A manufacturing company that produces a single product has provided the following data concerning its most...
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question 3 also part of the question3 question 4 Beamish Inc., which produces a single product,...
question 3
also part of the question3
question 4
Beamish Inc., which produces a single product, has provided the following 3 data for its most recent month of operations: 6,400 $ $ $ 60 54 4 Number of units produced Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $ 17 $236,800 $492,800 There were no beginning or ending inventories. The absorption costing...
TB Problem Qu. 6-218 Giannini Inc., which produces and sells a single product ... Giannini Inc.,...
TB Problem Qu. 6-218 Giannini Inc., which produces and sells a single product ... Giannini Inc., which produces and sells a single product, has provided the following contribution format income statement for March: Sales (5,000 units) Variable expenses Contribution margin Fixed expenses Net operating income $ 325,000 200,000 125,000 106,400 $ 18,600 Required: Redo the company's contribution format income statement assuming that the company sells 5,200 units. (Do not round intermediate calculations.) $ 0
Murphy Inc., which produces a single product, has provided the following data for its most recent month of operation: 16,900 Number of units produced Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expenses $ $ 109 77 12 $997, 100 $388,709 The company had no beginning or ending inventories. Required: a. Compute the unit product cost under absorption costing. b. Compute the unit...
TIST TB Problem Qu. 7-273 Maher Corporation, which has only one product ... Maher Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced Units sold Units in ending inventory 4,080 3,140 Variable costs per unit: Direct materials Direet labor Variable manufacturing overhead Variable selling and administrative expense Yixed costa: Fixed manufacturing overhead Fixed selling and administrative expense $155, 040 12,560 Required: a. What...
A company produces a single product. Variable production costs are $13.50 per unit and variable selling and administrative expenses are $4.50 per unit. Fixed manufacturing overhead totals $51,000 and fixed selling and administration expenses total $55,000. Assuming a beginning inventory of zero, production of 5,500 units and sales of 4,350 units, the dollar value of the ending inventory under variable costing would be: Murphy Inc., which produces a single product, has provided the following data for its most recent month of...
Problem 6. Italia Espresso Machina Inc. produces a single product. Data concerning the company's operations last year appear below Units in beginning inventory Units produced Units sold 2,000 1,900 Selling price per unit $100 Variable costs per unit Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative $30 $10 $5 $2 Fixed costs in total Fixed manufacturing overhead Fixed selling and administrative 40,000 $60,000 Required a. Compute the unit product cost under both absorption and variable costing b....
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: $ 170 15,400 13,700 1,700 Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $446,600 $ 178, 100 What is the total period cost for the month under variable...
question 3
also part of the question3
question 4
Beamish Inc., which produces a single product, has provided the following 3 data for its most recent month of operations: 6,400 $ $ $ 60 54 4 Number of units produced Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $ 17 $236,800 $492,800 There were no beginning or ending inventories. The absorption costing...
TB Problem Qu. 6-218 Giannini Inc., which produces and sells a single product ... Giannini Inc., which produces and sells a single product, has provided the following contribution format income statement for March: Sales (5,000 units) Variable expenses Contribution margin Fixed expenses Net operating income $ 325,000 200,000 125,000 106,400 $ 18,600 Required: Redo the company's contribution format income statement assuming that the company sells 5,200 units. (Do not round intermediate calculations.) $ 0
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