Homework Answers
Unit product cost under absorption costing
= Direct Materials + Direct Labor + Variable Manufacturing Overhead + Fixed manufacturing overhead per unit
= 48 +29+28+(39,600/880)
= 150
Add Answer to:
Hayes Inc. provided the following information for the current year: Beginning inventory Units produced Units sold...
Help Save & EX Hayes Inc provided the following information for the current year 26 Beginning...
Help Save & EX Hayes Inc provided the following information for the current year 26 Beginning inventory Units produced Units sold Selling price Direct materials Direct labor Variable manufacturing overhead Fixed manufactuling overhead Variable selling/administrative costs Fixed selling/administrative costs 170 units 820 units 869 units $ 220/unit $ 42/unit $ 23/unit $ 22/unit $31,980/yr $ 15/unit $22,500/yr What is the unit product cost for the year using variable costing? Urban Company reports the following information regarding its production cost 25...
Fixed Manufacturing overhead Fixed Selling and administrative expense sales Units in Beginning inventory Units produced Units...
Fixed Manufacturing overhead
Fixed Selling and administrative expense
sales
Units in Beginning inventory
Units produced
Units Sold
Variable Cost of Goods Sold
variable selling and administrative expense
Ida Sidha Karya Company is a family-owned company located on the Island of Ball In Indonesia. The company produces a handcrafted Balinese musical Instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $880. Selected data for the company's operations last year follow: 3.07 points Skipped 246 40...
Mentor Corp. has provided the following information for the current year Units produced Sale price 3,500...
Mentor Corp. has provided the following information for the current year Units produced Sale price 3,500 units 200 per unit 70 per unit Direct materials Direct labor $ 55 per unit 20 per unit $350,000 per year Variable manufacturing overhead $ Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs 30 per unit $150,000 per year Calculate the unit product cost using variable costing. Multiple Choice $245 Next
Produced and sold units: Year 1 Year 2 Units produced 45,000 45,000 Units sold 40,000 50,000...
Produced and sold units: Year 1 Year 2 Units produced 45,000 45,000 Units sold 40,000 50,000 Basic data (applicable for the two years): Selling price $25 Direct materials per unit produced $4 Direct labor per unit produced $7 Variable manufacturing overhead per unit produced $1 Fixed manufacturing overhead per year $270,000 Variable selling and administrative expenses per unit sold $2 Fixed selling and administrative expenses per year $130,000 Using the absorption costing method and variable coast method to get profit
Selling price $117 Units in beginning inventory 750 Units produced 8,650 Units sold 8,750 Units in...
Selling price $117 Units in beginning inventory 750 Units produced 8,650 Units sold 8,750 Units in ending inventory 650 Variable costs per unit: Direct materials $ 25 Direct labor $ 42 Variable manufacturing overhead Variable selling and administrative expense $ 16 Fixed costs: Fixed manufacturing overhead $ 69,200 Fixed selling and administrative expense $ 163,000 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per...
Selling price $130 (same information as on page 6) Units in beginning inventory Units produced Units...
Selling price $130 (same information as on page 6) Units in beginning inventory Units produced Units sold Units in ending inventory 6,100 6,000 100 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead $25 Variable selling and administrative S10 S33 530 Fixed costs: Fixed manufacturing overhead$91,500 Fixed selling and administrative $98,000 f. What is the net operating income for the month under absorption costing? i. Reconcile and explain any difference in the net income under the two different...
Hadley Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 126 Units in beginning inventory 0 Units produced 1,900 Units sold 1,800 Units in ending
Hadley Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 126 Units in beginning inventory 0Units produced 1,900Units sold 1,800Units in ending inventory 100 Variable costs per unit: Direct materials $ 49Direct labor $ 28Variable manufacturing overhead $ 5Variable selling and administrative expense $ 11Fixed costs: Fixed manufacturing overhead $ 32,300Fixed selling and administrative expense $ 23,400 The total contribution margin for the month under variable costing is:
Assume that a company produced 10,000 units and sold 8,000 units during its first year of...
Assume that a company produced 10,000 units and sold 8,000 units during its first year of operations. It has also provided the following information: Per Year Selling price Direct materials Direct labor Variable manufacturing overhead Sales commission Fixed manufacturing overhead Fixed selling and administrative expense Per Unit $240 $ 85 $ 60 $ 10 $ 11 $ 2 $ 250,000 If the company's unit product cost under absorption costing is $194, then what is the amount of fixed manufacturing overhead...
company's operations last year follow 7.14 points 250 235 Skipped Units in beginning inventory Units produced...
company's operations last year follow 7.14 points 250 235 Skipped 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 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $ $ 135 345 $ 20 $65,000 $25,000 The absorption costing income statement prepared by the company's accountant for last year appears below Sales Cost of goods sold Gross margin Selling and administrative expense...
McIntosh, Inc. reports the following information: Beginning Finished Goods Inventory 6060 units Units produced 510510 units...
McIntosh, Inc. reports the following information: Beginning Finished Goods Inventory 6060 units Units produced 510510 units Units sold 570570 units Sales price $ 160$160 per unit Direct materials $ 31$31 per unit Direct labor $ 19$19 per unit Variable manufacturing overhead $ 13$13 per unit Fixed manufacturing overhead $ 11 comma 100$11,100 per year Variable selling and administrative costs $ 7$7 per unit Fixed selling and administrative costs $ 12 comma 500$12,500 per year What is the unit product cost...
Help Save & EX Hayes Inc provided the following information for the current year 26 Beginning inventory Units produced Units sold Selling price Direct materials Direct labor Variable manufacturing overhead Fixed manufactuling overhead Variable selling/administrative costs Fixed selling/administrative costs 170 units 820 units 869 units $ 220/unit $ 42/unit $ 23/unit $ 22/unit $31,980/yr $ 15/unit $22,500/yr What is the unit product cost for the year using variable costing? Urban Company reports the following information regarding its production cost 25...
Fixed Manufacturing overhead
Fixed Selling and administrative expense
sales
Units in Beginning inventory
Units produced
Units Sold
Variable Cost of Goods Sold
variable selling and administrative expense
Ida Sidha Karya Company is a family-owned company located on the Island of Ball In Indonesia. The company produces a handcrafted Balinese musical Instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $880. Selected data for the company's operations last year follow: 3.07 points Skipped 246 40...
Mentor Corp. has provided the following information for the current year Units produced Sale price 3,500 units 200 per unit 70 per unit Direct materials Direct labor $ 55 per unit 20 per unit $350,000 per year Variable manufacturing overhead $ Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs 30 per unit $150,000 per year Calculate the unit product cost using variable costing. Multiple Choice $245 Next
Selling price $117 Units in beginning inventory 750 Units produced 8,650 Units sold 8,750 Units in ending inventory 650 Variable costs per unit: Direct materials $ 25 Direct labor $ 42 Variable manufacturing overhead Variable selling and administrative expense $ 16 Fixed costs: Fixed manufacturing overhead $ 69,200 Fixed selling and administrative expense $ 163,000 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per...
Selling price $130 (same information as on page 6) Units in beginning inventory Units produced Units sold Units in ending inventory 6,100 6,000 100 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead $25 Variable selling and administrative S10 S33 530 Fixed costs: Fixed manufacturing overhead$91,500 Fixed selling and administrative $98,000 f. What is the net operating income for the month under absorption costing? i. Reconcile and explain any difference in the net income under the two different...
Assume that a company produced 10,000 units and sold 8,000 units during its first year of operations. It has also provided the following information: Per Year Selling price Direct materials Direct labor Variable manufacturing overhead Sales commission Fixed manufacturing overhead Fixed selling and administrative expense Per Unit $240 $ 85 $ 60 $ 10 $ 11 $ 2 $ 250,000 If the company's unit product cost under absorption costing is $194, then what is the amount of fixed manufacturing overhead...
company's operations last year follow 7.14 points 250 235 Skipped 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 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $ $ 135 345 $ 20 $65,000 $25,000 The absorption costing income statement prepared by the company's accountant for last year appears below Sales Cost of goods sold Gross margin Selling and administrative expense...
Most questions answered within 3 hours.
-
Name two areas of the human body with the highest concentration
of lymph nodes and speculate...
asked 27 seconds ago -
Angel Corporation has $10,000,000 of
8.0% 25 year bonds dated May 1, 2018 with interest payable...
asked 35 minutes ago -
7.
________ involves individuals trading goods they already have or
providing services in exchange for something...
asked 39 minutes ago -
Share your research problem. What databases did you search as
you gathered evidence to support your...
asked 39 minutes ago -
what process occurs to form microspores and megaspores in flowering
plants?
asked 47 minutes ago -
C++
I need to use the function getData to put in all my data using
arrays....
asked 46 minutes ago -
A block is hung by a string from the inside roof of a van. When
the...
asked 53 minutes ago -
Do you think companies should not go for long term debt in their
capital structure to...
asked 1 hour ago -
I create an address book where the user enters the name, phone
and email in the...
asked 1 hour ago -
The production capacity for acrylonitrile
(C3H3N) in the United States exceeds 2
million pounds per year....
asked 1 hour ago -
explain and comment out your answer
43. How many address lines are required to address a...
asked 1 hour ago -
A sample of 45 observations is selected from a normal
population. The sample mean is 49,...
asked 1 hour ago