Adelphi Company provides the following information for their first year of operations in 2018: Sales, 10,000...
Adelphi Company provides the following information for their first year of operations in 2018:
Sales, 10,000 units @ $18 each
Total production, 11,000 units
Production costs per unit:
Direct materials $2.00
Direct labor $3.00
Variable overhead $1.00
Fixed manufacturing overhead $10,000
Adelphi Company uses absorption costing. Use this information to determine for Adelphi Company the FY 2018 Cost of Goods Sold. (Round & enter final answer to the nearest whole dollar)
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Adelphi Company provides the following information for
their first year of operations in 2018:
Sales,
10,000...
Adelphi Company provides the following information for their first year of operations in 2018: Sales, 10,000...
Adelphi Company provides the following information for their first year of operations in 2018: Sales, 10,000 units @ $15 each Total production, 12,000 units Production costs per unit: Direct materials $2.00 Direct labor $3.00 Variable overhead $2.00 Fixed manufacturing overhead $12,000 Adelphi Company uses absorption costing. Use this information to determine for Adelphi Company the FY 2018 Cost of Goods Sold. (Round & enter final answer to the nearest whole dollar)
Adelphi Company provides the following information for their first year of operations in 2018: Sales, 8,000...
Adelphi Company provides the following information for their first year of operations in 2018: Sales, 8,000 units @ $19 each Total production, 12,000 units Production costs per unit: Direct materials $4.00 Direct labor $3.00 Variable overhead $1.00 Fixed manufacturing overhead $9,000 Adelphi Company uses absorption costing. Use this information to determine for Adelphi Company the FY 2018 Cost of Goods Sold. (Round & enter final answer to the nearest whole dollar)
During FY 2018, Adelphi Company reported sales of $400,000, a contribution margin of $9.00 per unit,...
During FY 2018, Adelphi Company reported sales of $400,000, a contribution margin of $9.00 per unit, fixed costs of $50,000, and net income of $35,000. Use this information to determine the number of units Adelphi sold during FY 2018. (Round answer to nearest whole number)
Navaroli Company began operations in January 5, 2018. Cost and sales information for its first two...
Navaroli Company began operations in January 5, 2018. Cost and sales information for its first two calendar years of operations are summarized below: Manufacturing costs Production and sales data Direct Materials $80 per unit Units produced, 2018 200,000 units Direct Labor $120 per unit Units sold, 2018 140,000 units Factory Overhead costs: 2018 ending inventory 60,000 units Variable $30 per unit Units produced, 2019 80,000 units Fixed per year $14,000,000 Units sold, 2019 140,000 units Selling & Administrative...
Chapter 2 P2: Scott Company has the following information from last year. Scott Company produced 10,000...
Chapter 2 P2: Scott Company has the following information from last year. Scott Company produced 10,000 units, out of which 9,100 were sold for $50 each. Direct materials Direct labor Variable manufacturing overhead$1.50 per unit Variable selling and administrative costs Fixed manufacturing overhead $6.00 per unit $2.00 per unit $3.00 per unit $40,000 Fixed selling and administrative costs$50,000 1. 2. Determine the net income under absorption (full) costing. Determine the net income under variable (direct) costing.
Required information The following information applies to the questions displayed below) Martinez Company's relevant range of...
Required information The following information applies to the questions displayed below) Martinez Company's relevant range of production is 7,500 units to 12.500 units. When it produces and sells 10,000 units, its average costs per unit are as follows Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed adsinistrative expense Sales commissions Variable administrative expense Average Cost Per Unit $5.50 $3.00 $1.se $4.00 $2.50 $2.00 $1.00 $0.50 11. 8.000 units are produced, what is the total...
Required information The Foundational 15 (L01-1, L01-2, LO1-3, L01-4, LO1-5, LO1-6) [The following information applies to...
Required information The Foundational 15 (L01-1, L01-2, LO1-3, L01-4, LO1-5, LO1-6) [The following information applies to the questions displayed below.) Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Pixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $6.00 $3.50 $1.50 $4.00 $3.00 $2.00 $1.00 $0.50...
Exercise 6-1 Variable and Absorption Costing Unit Product Costs [LO6-1] Ida Sidha Karya Company is a...
Exercise 6-1 Variable and Absorption Costing Unit Product Costs [LO6-1] Ida Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $775. Selected data for the company’s operations last year follow: Units in beginning inventory 0 Units produced 15,000 Units sold 11,000 Units in ending inventory 4,000 Variable costs per unit: Direct materials...
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...
BIG Company began operations on January 1, 2017. The company sells a single product for $12...
BIG Company began operations on January 1, 2017. The company sells a single product for $12 per unit. During 2017, 50,000 units were produced and 40.000 units were sold. During 2018, 50,000 units were produced and 52,000 units were sold. Costs for 2017 and 2018 were as follows: Direct materials $3.00 per unit Direct labor $2.00 per unit Variable manufacturing overhead $1.50 per unit Variable selling and admin expense $1.00 per unit Fixed manufacturing overhead per year $90,000 Fixed selling...
Chapter 2 P2: Scott Company has the following information from last year. Scott Company produced 10,000 units, out of which 9,100 were sold for $50 each. Direct materials Direct labor Variable manufacturing overhead$1.50 per unit Variable selling and administrative costs Fixed manufacturing overhead $6.00 per unit $2.00 per unit $3.00 per unit $40,000 Fixed selling and administrative costs$50,000 1. 2. Determine the net income under absorption (full) costing. Determine the net income under variable (direct) costing.
Required information The following information applies to the questions displayed below) Martinez Company's relevant range of production is 7,500 units to 12.500 units. When it produces and sells 10,000 units, its average costs per unit are as follows Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed adsinistrative expense Sales commissions Variable administrative expense Average Cost Per Unit $5.50 $3.00 $1.se $4.00 $2.50 $2.00 $1.00 $0.50 11. 8.000 units are produced, what is the total...
Required information The Foundational 15 (L01-1, L01-2, LO1-3, L01-4, LO1-5, LO1-6) [The following information applies to the questions displayed below.) Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Pixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $6.00 $3.50 $1.50 $4.00 $3.00 $2.00 $1.00 $0.50...
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...
BIG Company began operations on January 1, 2017. The company sells a single product for $12 per unit. During 2017, 50,000 units were produced and 40.000 units were sold. During 2018, 50,000 units were produced and 52,000 units were sold. Costs for 2017 and 2018 were as follows: Direct materials $3.00 per unit Direct labor $2.00 per unit Variable manufacturing overhead $1.50 per unit Variable selling and admin expense $1.00 per unit Fixed manufacturing overhead per year $90,000 Fixed selling...
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