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Baird Corporation produced 202,000 watches that it sold for $18 each during 2019. The company determined...
Estrada Corporation produced 213,000 watches that it sold for $18 each during 2019. The company determined...
Estrada Corporation produced 213,000 watches that it sold for $18 each during 2019. The company determined that fixed manufacturing cost per unit was $8 per watch. The company reported a $852,000 gross margin on its 2019 financial statements. Required Determine the variable cost per unit, the total variable cost, and the total contribution margin. Answer is complete but not entirely correct. Variable cost per unit $ 7 Total variable cost 1,491,000 Total contribution margin 2,343,000
Estrada Corporation produced 218,000 watches that it sold for $21 each during 2019. The company determined...
Estrada Corporation produced 218,000 watches that it sold for $21 each during 2019. The company determined that fixed manufacturing cost per unit was $8 per watch. The company reported a $1,744,000 gross margin on its 2019 financial statements. Required Determine the variable cost per unit, the total variable cost, and the total contribution margin. Variable cost per unit Total variable cost Total contribution margin
Estrada Corporation produced 206,000 watches that it sold for $16 each during 2019. The company determined...
Estrada Corporation produced 206,000 watches that it sold for $16 each during 2019. The company determined that fixed manufacturing cost per unit was $8 per watch. The company reported a $412,000 gross margin on its 2019 financial statements. Required Determine the variable cost per unit, the total variable cost, and the total contribution margin. Variable cost per unit Total variable cost Total contribution margin
Estrada Corporation produced 207,000 watches that it sold for $19 each during 2019. The company determined...
Estrada Corporation produced 207,000 watches that it sold for $19 each during 2019. The company determined that fixed manufacturing cost per unit was $8 per watch. The company reported a $1,035,000 gross margin on its 2019 financial statements Required Determine the variable cost per unit, the total variable cost, and the total contribution margin Variable cost per unit Total variable cost Total contribution margin 2,898,000
Perez Corporation produced 214,000 watches that it sold for $20 each during year 2. The company...
Perez Corporation produced 214,000 watches that it sold for $20 each during year 2. The company determined that fixed manufacturing cost per unit was $9 per watch. The company reported a $1,070,000 gross margin on its year 2 financial statements. Required Determine the variable cost per unit, the total variable cost, and the total contribution margin. Perez Corporation produced 214,000 watches that it sold for $20 each during year 2. The company determined that fixed manufacturing cost per unit was...
Estrada Corporation produced 210,000 watches that it sold for $19 each during 2019. The company determined...
Estrada Corporation produced 210,000 watches that it sold for $19 each during 2019. The company determined that fixed manufacturing cost per unit was $9 per watch. The company reported a $1,050,000 gross margin on its 2019 financial statements. Required Determine the variable cost per unit, the total variable cost, and the total contribution margin Variable cost per unit Total variable cost Total contribution margin Franklin Corporation sells products for $34 each that have variable costs of $12 per unit. Franklin's...
Exercise 3-4A (Algo) Determining variable cost from incomplete cost data LO 3-1 Benson Corporation produced 217,000...
Exercise 3-4A (Algo) Determining variable cost from incomplete cost data LO 3-1 Benson Corporation produced 217,000 watches that it sold for $21 each during year 2. The company determined that fixed manufacturing cost per unit was $9 per watch. The company reported a $1,519,000 gross margin on its year 2 financial statements. Required Determine the variable cost per unit, the total variable cost, and the total contribution margin. Variable cost per unit Total variable cost Total contribution margin
Information concerning a product produced by Baird Company appears as follows: Sales price per unit Variable...
Information concerning a product produced by Baird Company appears as follows: Sales price per unit Variable cost per unit Total annual fixed manufacturing and operating costs $ 157 $ 87 $469,000 1:48:16 Required Determine the following: a. Contribution margin per unit. b. Number of units that Baird must sell to break even. c. Sales level in units that Baird must reach to earn a profit of $182,000. Book a. Contribution margin per unit b. Break-even in units c. Required sales...
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the...
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: $77,000 $39,000 $18,200 30,400 $48,600 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Variable selling expense Fixed selling expense Total selling expense Variable administrative expense Fixed administrative expense Total administrative expense $13,600 21,200 $34,800 $ 4,800 26,600 $31,400 Required: 1. With respect to cost classifications for preparing financial statements: a. What is...
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the...
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: $ 85,000 $ 43,000 $ 21,400 32,800 $ 54,200 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Variable selling expense Fixed selling expense Total selling expense Variable administrative expense Fixed administrative expense Total administrative expense $ 15,200 24,400 $ 39,600 $ 5,600 28, 200 $ 33,800 Required: 1. With respect to cost...
Estrada Corporation produced 213,000 watches that it sold for $18 each during 2019. The company determined that fixed manufacturing cost per unit was $8 per watch. The company reported a $852,000 gross margin on its 2019 financial statements. Required Determine the variable cost per unit, the total variable cost, and the total contribution margin. Answer is complete but not entirely correct. Variable cost per unit $ 7 Total variable cost 1,491,000 Total contribution margin 2,343,000
Estrada Corporation produced 218,000 watches that it sold for $21 each during 2019. The company determined that fixed manufacturing cost per unit was $8 per watch. The company reported a $1,744,000 gross margin on its 2019 financial statements. Required Determine the variable cost per unit, the total variable cost, and the total contribution margin. Variable cost per unit Total variable cost Total contribution margin
Estrada Corporation produced 206,000 watches that it sold for $16 each during 2019. The company determined that fixed manufacturing cost per unit was $8 per watch. The company reported a $412,000 gross margin on its 2019 financial statements. Required Determine the variable cost per unit, the total variable cost, and the total contribution margin. Variable cost per unit Total variable cost Total contribution margin
Estrada Corporation produced 207,000 watches that it sold for $19 each during 2019. The company determined that fixed manufacturing cost per unit was $8 per watch. The company reported a $1,035,000 gross margin on its 2019 financial statements Required Determine the variable cost per unit, the total variable cost, and the total contribution margin Variable cost per unit Total variable cost Total contribution margin 2,898,000
Estrada Corporation produced 210,000 watches that it sold for $19 each during 2019. The company determined that fixed manufacturing cost per unit was $9 per watch. The company reported a $1,050,000 gross margin on its 2019 financial statements. Required Determine the variable cost per unit, the total variable cost, and the total contribution margin Variable cost per unit Total variable cost Total contribution margin Franklin Corporation sells products for $34 each that have variable costs of $12 per unit. Franklin's...
Exercise 3-4A (Algo) Determining variable cost from incomplete cost data LO 3-1 Benson Corporation produced 217,000 watches that it sold for $21 each during year 2. The company determined that fixed manufacturing cost per unit was $9 per watch. The company reported a $1,519,000 gross margin on its year 2 financial statements. Required Determine the variable cost per unit, the total variable cost, and the total contribution margin. Variable cost per unit Total variable cost Total contribution margin
Information concerning a product produced by Baird Company appears as follows: Sales price per unit Variable cost per unit Total annual fixed manufacturing and operating costs $ 157 $ 87 $469,000 1:48:16 Required Determine the following: a. Contribution margin per unit. b. Number of units that Baird must sell to break even. c. Sales level in units that Baird must reach to earn a profit of $182,000. Book a. Contribution margin per unit b. Break-even in units c. Required sales...
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: $77,000 $39,000 $18,200 30,400 $48,600 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Variable selling expense Fixed selling expense Total selling expense Variable administrative expense Fixed administrative expense Total administrative expense $13,600 21,200 $34,800 $ 4,800 26,600 $31,400 Required: 1. With respect to cost classifications for preparing financial statements: a. What is...
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: $ 85,000 $ 43,000 $ 21,400 32,800 $ 54,200 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Variable selling expense Fixed selling expense Total selling expense Variable administrative expense Fixed administrative expense Total administrative expense $ 15,200 24,400 $ 39,600 $ 5,600 28, 200 $ 33,800 Required: 1. With respect to cost...
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