Homework Answers
Add Answer to:
- Valuable LOS Nimtrans, Inc. reports the following into for August tollowing information Sales Revenue Variable...
Tuscarora, Inc., a merchandising company, has the following budgeted figures: Jan Feb Mar April Sales $54,400.00...
Tuscarora, Inc., a merchandising company, has the following budgeted figures: Jan Feb Mar April Sales $54,400.00 $64,000.00 $88,000.00 $94,000.00 Cost of goods sold 60% of sales Required ending inventory $15,000.00 +25%of nextmonth's sales Inventory on hand on Jan 1 $27,000.00 Calculate the budgeted purchases for the month of January. and also, Arianell, Inc. reports the following information for August: Sales Revenue $800,000 Variable Cost of Goods Sold 170,000 Fixed Cost of Goods Sold 45,000 Variable Selling and Administrative Costs 150,000...
Income Statements under Absorption and Variable Costing Shawnee Motors Inc, assembles and sells snowmobile engines. The...
Income Statements under Absorption and Variable Costing Shawnee Motors Inc, assembles and sells snowmobile engines. The company began operations on August 1 and operated at 100% of capacity during the first month. The following data summarize the results for August: $600,000 Sales (2,000 units) Production costs (2,400 units): Direct materials Direct labor $300,000 115,200 43,200 21,600 Variable factory overhead Fixed factory overhead 480,000 Selling and administrative expenses: Variable selling and administrative expenses $50,000 22,000 Fixed selling and administrative expenses 72,000...
Income Statements under Absorption and Variable Costing Shawnee Motors Inc. assembles and sells snownmobile engines. The...
Income Statements under Absorption and Variable Costing Shawnee Motors Inc. assembles and sells snownmobile engines. The company began operations on August 1 and operated at 100 % of capacity during the first month. The following data summarize the results for August: Sales (2,000 units) $600,000 Production costs (2,400 units): Direct materials $300,000 Direct labor 115,200 Variable factory overhead 43,200 Fixed factory overhead 21,600 480,000 Selling and administrative expenses: Variable selling and administrative expenses $50,000 Fixed selling and administrative expenses 22,000...
March: Mandarin Company reports the following information (Click the icon to view the data,' Read the reguirements....
March: Mandarin Company reports the following information (Click the icon to view the data,' Read the reguirements. Requirement 1. Calculate the gross profit and operating income for March using absorption costing. Data Table Mandarin Company Income Statement (Absorption Costing) For the Month Ended March 31 Net Sales Revenue S 72,500 Variable Cost of Goods Sold 13,800 Fixed Cost of Goods Sold 13,500 Variable Selling and Administrative Costs 10.500 Fixed Selling and Administrative Costs 5.800 Print Done Operating Income iRequirements Requirement...
Shawnee Motors Inc. assembles and sells MP3 players. The company began operations on August 1 and...
Shawnee Motors Inc. assembles and sells MP3 players. The company began operations on August 1 and operated at 100% of capacity during the first month. The following data summarize the results for August: Sales (14,500 units) Production costs (19,000 units): $2,175,000 Direct materials Direct labor Variable factory overhead Fixed factory overhead $1,054,500 505,400 252,700 169,100 1,981,700 Selling and administrative expenses Variable selling and administrative expenses $307,200 Fixed selling and administrative expenses 118,900 426,100 If required, round interim per-unit calculations to...
Shawnee Motors Inc. assembles and sells MP3 players. The company began operations on August 1 and...
Shawnee Motors Inc. assembles and sells MP3 players. The company began operations on August 1 and operated at 100% of capacity during the first month. The following data summarize the results for August: Sales (12,000 units) $1,200,000 Production costs (15,000 units): Direct materials $555,000 Direct labor 267,000 Variable factory overhead 133,500 Fixed factory overhead 88,500 1,044,000 Selling and administrative expenses: Variable selling and administrative expenses $161,800 Fixed selling and administrative expenses 62,600 224,400 If required, round interim per-unit calculations to...
Shawnee Motors Inc. assembles and sells MP3 players. The company began operations on August 1 and...
Shawnee Motors Inc. assembles and sells MP3 players. The company began operations on August 1 and operated at 100% of capacity during the first month. The following data summarize the results for August: Sales (8,000 units) $1,200,000 Production costs (10,000 units): Direct materials $555,000 Direct labor 266,000 Variable factory overhead 133,000 Fixed factory overhead 89,000 1,043,000 Selling and administrative expenses: Variable selling and administrative expenses $161,700 Fixed selling and administrative expenses 62,600 224,300 If required, round interim per-unit calculations to...
lexington company reports the following information for june: net sales revenue 775,000 variable cost of goods...
lexington company reports the following information for june: net sales revenue 775,000 variable cost of goods sold 230,000 fixed costs of goods sold 180,000 variable selling and administrative costs 172,000 fixed selling and administrative costs 77,000. calculate the contribution margin and operating income for june using variable costing. begin by selecting the labels and entering the amounts to compute the contribution margin. then, select the labels and enter the amounts to compute the operating income.
Income Statements under Absorption and Variable Costing Shawnee Motors Inc. assembles and sells MP3 players. The...
Income Statements under Absorption and Variable Costing Shawnee Motors Inc. assembles and sells MP3 players. The company began operations on August 1 and operated at 100% of capacity during the first month. The following data summarize the results for August: $1,280,000 Sales (8,000 units) Production costs (10,000 units): Direct materials $592,000 Direct labor 284,000 142,000 Variable factory overhead Fixed factory overhead 95,000 1,113,000 Selling and administrative expenses: Variable selling and administrative expenses Fixed selling and administrative expenses $172,500 66,800 239,300...
Absorption and Variable Costing Income Statements for Two Months and Analysis During the first month of...
Absorption and Variable Costing Income Statements for Two Months and Analysis During the first month of operations ended July 31, Head Gear Inc. manufactured 6,400 hats, of which 5,200 were sold. Operating data for the month are summarized as follows: Sales $104,000 Manufacturing costs: Direct materials $47,360 Direct labor 22,400 Variable manufacturing cost 12,160 Fixed manufacturing cost 15,360 97,280 Selling and administrative expenses: Variable $10,920 Fixed 5,200 16,120 During August, Head Gear Inc. manufactured 4,000 hats and sold 5,200 hats....
Income Statements under Absorption and Variable Costing Shawnee Motors Inc, assembles and sells snowmobile engines. The company began operations on August 1 and operated at 100% of capacity during the first month. The following data summarize the results for August: $600,000 Sales (2,000 units) Production costs (2,400 units): Direct materials Direct labor $300,000 115,200 43,200 21,600 Variable factory overhead Fixed factory overhead 480,000 Selling and administrative expenses: Variable selling and administrative expenses $50,000 22,000 Fixed selling and administrative expenses 72,000...
Income Statements under Absorption and Variable Costing Shawnee Motors Inc. assembles and sells snownmobile engines. The company began operations on August 1 and operated at 100 % of capacity during the first month. The following data summarize the results for August: Sales (2,000 units) $600,000 Production costs (2,400 units): Direct materials $300,000 Direct labor 115,200 Variable factory overhead 43,200 Fixed factory overhead 21,600 480,000 Selling and administrative expenses: Variable selling and administrative expenses $50,000 Fixed selling and administrative expenses 22,000...
March: Mandarin Company reports the following information (Click the icon to view the data,' Read the reguirements. Requirement 1. Calculate the gross profit and operating income for March using absorption costing. Data Table Mandarin Company Income Statement (Absorption Costing) For the Month Ended March 31 Net Sales Revenue S 72,500 Variable Cost of Goods Sold 13,800 Fixed Cost of Goods Sold 13,500 Variable Selling and Administrative Costs 10.500 Fixed Selling and Administrative Costs 5.800 Print Done Operating Income iRequirements Requirement...
Shawnee Motors Inc. assembles and sells MP3 players. The company began operations on August 1 and operated at 100% of capacity during the first month. The following data summarize the results for August: Sales (14,500 units) Production costs (19,000 units): $2,175,000 Direct materials Direct labor Variable factory overhead Fixed factory overhead $1,054,500 505,400 252,700 169,100 1,981,700 Selling and administrative expenses Variable selling and administrative expenses $307,200 Fixed selling and administrative expenses 118,900 426,100 If required, round interim per-unit calculations to...
Shawnee Motors Inc. assembles and sells MP3 players. The company began operations on August 1 and operated at 100% of capacity during the first month. The following data summarize the results for August: Sales (8,000 units) $1,200,000 Production costs (10,000 units): Direct materials $555,000 Direct labor 266,000 Variable factory overhead 133,000 Fixed factory overhead 89,000 1,043,000 Selling and administrative expenses: Variable selling and administrative expenses $161,700 Fixed selling and administrative expenses 62,600 224,300 If required, round interim per-unit calculations to...
Income Statements under Absorption and Variable Costing Shawnee Motors Inc. assembles and sells MP3 players. The company began operations on August 1 and operated at 100% of capacity during the first month. The following data summarize the results for August: $1,280,000 Sales (8,000 units) Production costs (10,000 units): Direct materials $592,000 Direct labor 284,000 142,000 Variable factory overhead Fixed factory overhead 95,000 1,113,000 Selling and administrative expenses: Variable selling and administrative expenses Fixed selling and administrative expenses $172,500 66,800 239,300...
Most questions answered within 3 hours.
-
3) What are the typical social structures in a global city?
asked 1 hour ago -
Luther Corporation
Consolidated Balance Sheet
December 31, 2019 and 2018 (in $ millions)
Assets
2019
2018...
asked 1 hour ago -
(Expected rate of return and risk) Carter Inc. is evaluating a
security. Calculate the investment’s expected...
asked 4 hours ago -
What specific indicators can point to lack of progress for
African Americans in American society?
asked 5 hours ago -
1-The Electrons in a beam are moving at 2.7×108 m/s in an
electric field of 15000...
asked 5 hours ago -
A gas tank is a vertical cylinder. It has a radius of 1m, a
height of...
asked 6 hours ago -
Accent Software faces the following conditions. All of these
support Accent’s use of a market-penetration pricing...
asked 7 hours ago -
A mathematically inclined friend emails you the following
instructions: "Meet me in the cafeteria the first...
asked 7 hours ago -
A monopoly sells in two countries . The demand curves in the two
countries are p1...
asked 8 hours ago -
A .15kg rubber ball is bounced off a wall. Before hitting the
wall, the ball moves...
asked 8 hours ago -
A manufacturing company preparing to build a new plant is
considering three potential locations for it....
asked 8 hours ago -
B. If compound Y has approximately the same values of solubility
in toluene as compound X,...
asked 9 hours ago