Homework Answers
Answer- The dollar value of the ending inventory under variable costing would be =$8820.
Explanation- Ending inventory under variable costing = Ending inventory*Variable production cost per unit
= (4600 units-3900 units)*$12.60 per unit
= $8820
Add Answer to:
A company produces a single product. Variable production costs are $12.60 per unit and variable selling...
A company produces a single product. Variable production costs are $13.50 per unit and variable selling and administrat...
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...
A company produces a single product. Variable production costs are $12 per unit and variable selling...
A company produces a single product. Variable production costs are $12 per unit and variable selling and administrative costs are $3 per unit. Fixed production costs are $36,000 and fixed selling and administrative costs total $40,000. The beginning inventory was zero, production of 4,000 units, and sales of 3,600 units. How many units remain in the ending inventory and what is the unit and total cost, assuming variable costing.
A manufacturing company that produces a single product has provided the following data concerning its most...
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...
DeAnne Company produces a single product. The company's variable costing income statement for August appears below:...
DeAnne Company produces a single product. The company's variable costing income statement for August appears below: DeAnne Company Income Statment For the month ended August 31 Sales ($20 per unit) $ 848,000 Variable expenses: Variable cost of goods sold 508,800 Variable selling expense 84,800 Total variable expenses 593,600 Contribution margin 254,400 Fixed expenses: Fixed manufacturing overhead 141,600 Fixed selling and administrative 70,800 Total fixed expenses 212,400 Net operating income $ 42,000 The company produced 35,400 units in August and the...
variable selling and ausura Live expenses 32 pa unit) Fixed selling and administrative expenses Total selling...
variable selling and ausura Live expenses 32 pa unit) Fixed selling and administrative expenses Total selling and administrative expenses $ 46,000 $ 86,000 245,000 245,000 $291,000 $331,000 2. Prepare a table as in Exhibit 19.12 to convert variable costing income to absorption costing income for both 201 amounts should be entered with a minus sign.) 2019 DOWELL COMPANY Reconciliation of Variable Costing Income to Absorption Costing Income 2018 Variable costing income (loss) Add: Fixed overhead in ending inventory 100,000 Less:...
CO D) Topple Company produces a single product. Operating data for the company and its absorption...
CO D) Topple Company produces a single product. Operating data for the company and its absorption costing income statement for the last year are presented below. Units in beginning inventory 0 Units produced 9,000 Units sold 7,000 Sales $100,000 Less cost of goods sold: Beginning inventory 0 Add cost of goods manufactured 54,000 Goods available for sale 54,000 Less ending inventory 12,000 Cost of goods sold 42,000 Gross margin 58,000 Less selling and admin. expenses 28,000 Net operating income $30,000...
Diaz Company reports the following variable costing income statement for its single product. This company's sales...
Diaz Company reports the following variable costing income statement for its single product. This company's sales totaled 46,000 units, but its production was 76,000 units. It had no beginning finished goods inventory for the current period DIAZ COMPANY Income Statement (Variable Costing) Sales (46,000 units * $56.00 per unit) $2,576,000 Variable expenses Variable manufacturing expense (46,000 units * $27.60 per unit) 1,269,600 Variable selling and admin. expense (46,000 units $4.60 per unit) 211,600 Total variable expenses 1,481,200 Contribution margin 1,094,800...
Delta Company produces a single product. The cost of producing and selling a single unit of this product at the company’...
Delta Company produces a single product. The cost of producing and selling a single unit of this product at the company’s normal activity level of 98,400 units per year is: Direct materials $ 1.60 Direct labor $ 3.00 Variable manufacturing overhead $ 0.70 Fixed manufacturing overhead $ 4.95 Variable selling and administrative expenses $ 1.30 Fixed selling and administrative expenses $ 2.00 The normal selling price is $25.00 per unit. The company’s capacity is 117,600 units per year. An order...
Delta Company produces a single product. The cost of producing and selling a single unit of...
Delta Company produces a single product. The cost of producing and selling a single unit of this product at the company’s normal activity level of 103,200 units per year is: Direct materials $ 1.80 Direct labor $ 3.00 Variable manufacturing overhead $ 0.60 Fixed manufacturing overhead $ 3.95 Variable selling and administrative expenses $ 1.50 Fixed selling and administrative expenses $ 2.00 The normal selling price is $19.00 per unit. The company’s capacity is 132,000 units per year. An order...
Delta Company produces a single product. The cost of producing and selling a single unit of...
Delta Company produces a single product. The cost of producing and selling a single unit of this product at the company's normal activity level of 105,600 units per year is: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $2.10 $3.00 $ 0.70 $3.45 $1.90 $2.00 The normal selling price is $22.00 per unit. The company's capacity is 139,200 units per year. An order has been received from a...
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...
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...
variable selling and ausura Live expenses 32 pa unit) Fixed selling and administrative expenses Total selling and administrative expenses $ 46,000 $ 86,000 245,000 245,000 $291,000 $331,000 2. Prepare a table as in Exhibit 19.12 to convert variable costing income to absorption costing income for both 201 amounts should be entered with a minus sign.) 2019 DOWELL COMPANY Reconciliation of Variable Costing Income to Absorption Costing Income 2018 Variable costing income (loss) Add: Fixed overhead in ending inventory 100,000 Less:...
Diaz Company reports the following variable costing income statement for its single product. This company's sales totaled 46,000 units, but its production was 76,000 units. It had no beginning finished goods inventory for the current period DIAZ COMPANY Income Statement (Variable Costing) Sales (46,000 units * $56.00 per unit) $2,576,000 Variable expenses Variable manufacturing expense (46,000 units * $27.60 per unit) 1,269,600 Variable selling and admin. expense (46,000 units $4.60 per unit) 211,600 Total variable expenses 1,481,200 Contribution margin 1,094,800...
Delta Company produces a single product. The cost of producing and selling a single unit of this product at the company's normal activity level of 105,600 units per year is: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $2.10 $3.00 $ 0.70 $3.45 $1.90 $2.00 The normal selling price is $22.00 per unit. The company's capacity is 139,200 units per year. An order has been received from a...
Most questions answered within 3 hours.
-
Let X be a discrete random variable with the following PMF.
Px(k) =
1/4 for k...
asked 1 minute ago -
ONLY use the information provided here on the
firm's Mission Statement. Written assessment must include
(1)...
asked 10 minutes ago -
2 Aliases
2a: Create an alias, numberfiles, which prints the number of
files in the current...
asked 18 minutes ago -
Hi so I'm currently using MIT App Inventor to create a app and I
wanted to...
asked 14 minutes ago -
Create a truth table for a 4-bit input where the output will be
a 1, if...
asked 16 minutes ago -
in a taxable acquisition, P corporation, using its own stock and
cash, purchases S corporation. The...
asked 18 minutes ago -
please don't use the p value method instead use the "5 steps of
hypothesis testing." Or...
asked 37 minutes ago -
It is said that Galileo discovered a basic principle of the
pendulum—that the period is independent...
asked 42 minutes ago -
The Cost of Equity and
Flotation Costs
Messman Manufacturing
will issue common stock to the public...
asked 49 minutes ago -
a) summarize the challenges facing New Britain today
b) identify some of its strengths
c) suggest...
asked 51 minutes ago -
**86 at 40 not 88. please show how got Tr in calculations thank
you
2) The...
asked 52 minutes ago -
McGlaun Company pays its employees every two weeks. The firm
last paid its employees on September...
asked 1 hour ago