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Data Table Units produced and sold 600 units Sales price Direct materials Direct labor Variable manufacturing...
Autumn, Inc. has collected the following data for November (there are no beginning inventories): (Click the...
Autumn, Inc. has collected the following data for November (there are no beginning inventories): (Click the icon to view the data.) Data Table d your final Units produced and sold Sales price Direct materials Direct labor 750 units 400 per unit 65 per unit 63 per unit 14 per unit 12,375 per month 50 per unit 5,100 per month Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs Print Done Requirement 1. Using...
Newman, Inc. has collected the following data for November (there are no beginning inventories) (Click the...
Newman, Inc. has collected the following data for November (there are no beginning inventories) (Click the icon to view the data.) Read the requirements: Requirement 1. Using absorption costing calculate the unit product cost. (Round your final answer to the nearest cent) Data Table Absorption costing Unit product cast Requirement 2. Prepare an income statement using the traditional format Newman, Inc. Income Statement (Absorption Costing) For the Month Ended November 30 Units produced and sold 700 units Sales price Direct...
Data Table January 2018 0 Units produced and sold: Sales 800 meals Production Variable manufacturing cost...
Data Table January 2018 0 Units produced and sold: Sales 800 meals Production Variable manufacturing cost per meal Sales commission cost per meal Total fixed manufacturing overhead Total fixed selling and administrative costs 1,000 meals 5 650 400 Print Done Maria's Foods produces frozen meals that It sells for $12 each. The company computes a new monthly produces frozen meals that it sells for $12 each. The company computes a new monthly foxed manufacturing overhead allocation rate based on the...
Variable costs per unit: Manufacturing Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative...
Variable costs per unit: Manufacturing Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative $ $ $ $ 10 4 1 1 $231,000 $141, eee During the year, the company produced 21,000 units and sold 17,000 units. The selling price of the company's product is $40 per unit. Required: 1. Assume that the company uses absorption costing: a. Compute the unit product cost. b. Prepare an income...
Units produced Sale price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling...
Units produced Sale price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs 3,500 units 200 per unit 70 per unit 55 per unit 20 per unit $350,000 per year $ 30 per unit $150,000 per year Calculate the unit product cost using absorption costing. Multiple Choice $245 $275
V I L as collected the following data for November (there are no beginning inventories) (Click...
V I L as collected the following data for November (there are no beginning inventories) (Click the icon to view the data) Read the requirements Requirement 1. Using variable costing, calculate the unit product cost. (Round your final answer to the nearest cent) Variable costing Unit product cost Requirement 2. Prepare an income statement using the contribution margin format. i Data Table Bella, Inc. Income Statement (Variable Costing) For the Month Ended November 30 Units produced and sold 900 units...
Variable costs per unit: Manufacturing: Direct materials $ 21 Direct labor $ 13 Variable manufacturing overhead...
Variable costs per unit: Manufacturing: Direct materials $ 21 Direct labor $ 13 Variable manufacturing overhead $ 3 Variable selling and administrative $ 2 Fixed costs per year: Fixed manufacturing overhead $ 400,000 Fixed selling and administrative expenses $ 60,000 During its first year of operations, Walsh produced 50,000 units and sold 40,000 units. During its second year of operations, it produced 40,000 units and sold 50,000 units. The selling price of the company’s product is $89 per unit. Required:...
3,000 2,500 350 $ Number of units produced Number of units sold Unit sales price Direct...
3,000 2,500 350 $ Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($225,000 - 3,000 units) Total variable selling expenses ($15 per unit sold) Total fixed general and administrative expenses 80 60 10 75 37,500 65,000 Required: Prepare Crystal Cold's full absorption costing income statement and variable costing income statement for the year. CRYSTAL COLD COOLERS INC. Full Absorption...
$19 Variable cost per unit: Direct materials Fixed costs per year: Direct labor Fixed manufacturing overhead...
$19 Variable cost per unit: Direct materials Fixed costs per year: Direct labor Fixed manufacturing overhead Fixed selling and administrative expenses $250,000 $300,000 $90,000 The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, Bracey produced 20,000 units and sold 18,000 units. The selling price of the company's product is $55 per unit. Required: 1. Assume the company uses super-variable costing: b. Compute the unit product cost for...
50,000 45,000 $76 Beginning inventory Units produced Units sold Selling price per unit Selling and administrative...
50,000 45,000 $76 Beginning inventory Units produced Units sold Selling price per unit Selling and administrative expenses: Variable per unit Fixed (total) Manufacturing costs Direct materials cost per unit Direct labor cost per unit Variable manufacturing overhead cost per unit Fixed manufacturing overhead cost (total) $3 $ 567,000 $15 $7 $3 $ 900,000 Because the new antenna is unique in design, management is anxious to see how profitable it will be and has asked that an income statement be prepared...
Autumn, Inc. has collected the following data for November (there are no beginning inventories): (Click the icon to view the data.) Data Table d your final Units produced and sold Sales price Direct materials Direct labor 750 units 400 per unit 65 per unit 63 per unit 14 per unit 12,375 per month 50 per unit 5,100 per month Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs Print Done Requirement 1. Using...
Newman, Inc. has collected the following data for November (there are no beginning inventories) (Click the icon to view the data.) Read the requirements: Requirement 1. Using absorption costing calculate the unit product cost. (Round your final answer to the nearest cent) Data Table Absorption costing Unit product cast Requirement 2. Prepare an income statement using the traditional format Newman, Inc. Income Statement (Absorption Costing) For the Month Ended November 30 Units produced and sold 700 units Sales price Direct...
Data Table January 2018 0 Units produced and sold: Sales 800 meals Production Variable manufacturing cost per meal Sales commission cost per meal Total fixed manufacturing overhead Total fixed selling and administrative costs 1,000 meals 5 650 400 Print Done Maria's Foods produces frozen meals that It sells for $12 each. The company computes a new monthly produces frozen meals that it sells for $12 each. The company computes a new monthly foxed manufacturing overhead allocation rate based on the...
Variable costs per unit: Manufacturing Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative $ $ $ $ 10 4 1 1 $231,000 $141, eee During the year, the company produced 21,000 units and sold 17,000 units. The selling price of the company's product is $40 per unit. Required: 1. Assume that the company uses absorption costing: a. Compute the unit product cost. b. Prepare an income...
Units produced Sale price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs 3,500 units 200 per unit 70 per unit 55 per unit 20 per unit $350,000 per year $ 30 per unit $150,000 per year Calculate the unit product cost using absorption costing. Multiple Choice $245 $275
V I L as collected the following data for November (there are no beginning inventories) (Click the icon to view the data) Read the requirements Requirement 1. Using variable costing, calculate the unit product cost. (Round your final answer to the nearest cent) Variable costing Unit product cost Requirement 2. Prepare an income statement using the contribution margin format. i Data Table Bella, Inc. Income Statement (Variable Costing) For the Month Ended November 30 Units produced and sold 900 units...
3,000 2,500 350 $ Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($225,000 - 3,000 units) Total variable selling expenses ($15 per unit sold) Total fixed general and administrative expenses 80 60 10 75 37,500 65,000 Required: Prepare Crystal Cold's full absorption costing income statement and variable costing income statement for the year. CRYSTAL COLD COOLERS INC. Full Absorption...
$19 Variable cost per unit: Direct materials Fixed costs per year: Direct labor Fixed manufacturing overhead Fixed selling and administrative expenses $250,000 $300,000 $90,000 The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, Bracey produced 20,000 units and sold 18,000 units. The selling price of the company's product is $55 per unit. Required: 1. Assume the company uses super-variable costing: b. Compute the unit product cost for...
50,000 45,000 $76 Beginning inventory Units produced Units sold Selling price per unit Selling and administrative expenses: Variable per unit Fixed (total) Manufacturing costs Direct materials cost per unit Direct labor cost per unit Variable manufacturing overhead cost per unit Fixed manufacturing overhead cost (total) $3 $ 567,000 $15 $7 $3 $ 900,000 Because the new antenna is unique in design, management is anxious to see how profitable it will be and has asked that an income statement be prepared...
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