Homework Answers
| Direct materials | $ 30 |
| Direct labor | $ 15 |
| Variable manufacturing overhead | $ 10 |
| Unit product cost using variable costing | $ 55 |
Add Answer to:
Units produced 2,500 units Sale price $100 per unit Direct materials $30 per unit Direct labor...
Units produced 2,500 units Sale price $100 per unit Direct materials $30 per unit Direct labor...
Units produced 2,500 units Sale price $100 per unit Direct materials $30 per unit Direct labor $15 per unit Variable manufacturing overhead $10 per unit Fixed manufacturing overhead $150,000 per year Variable selling and administrative costs $30 per unit Fixed selling and administrative costs $75,000 per year Calculate the unit product cost using absorntion costing
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
Mentor Corp. has provided the following information for the current year Units produced Sale price 3,500...
Mentor Corp. has provided the following information for the current year Units produced Sale price 3,500 units 200 per unit 70 per unit Direct materials Direct labor $ 55 per unit 20 per unit $350,000 per year Variable manufacturing overhead $ Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs 30 per unit $150,000 per year Calculate the unit product cost using variable costing. Multiple Choice $245 Next
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...
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...
$13 Variable cost per unit: Direct materials Fixed costs per year: Direct labor Fixed manufacturing overhead...
$13 Variable cost per unit: Direct materials Fixed costs per year: Direct labor Fixed manufacturing overhead Fixed selling and administrative expenses $750,000 $420,000 $110,000 The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, Lyons produced 60,000 units and sold 52,000 units. The selling price of the company's product is $40 per unit. Required: 1. Assume the company uses super-variable costing: b. Compute the unit product cost for...
anufacturing costs Direct materials $ 35 per unit Direct labor $ 55 per unit Overhead costs...
anufacturing costs Direct materials $ 35 per unit Direct labor $ 55 per unit Overhead costs Variable $ 20 per unit Fixed $ 8,400,000 (per year) Selling and administrative costs for the year Variable $ 700,000 Fixed $ 4,250,000 Production and sales for the year Units produced 105,000 units Units sold 75,000 units Sales price per unit $ 350 per unit 1. Prepare an income statement for the year using variable costing. 2. Prepare an income statement for the year...
pter 19 Homework Saved Sales price per unit $ 300 per Units produced this year unit...
pter 19 Homework Saved Sales price per unit $ 300 per Units produced this year unit Units sold this year 120,000 units Units in beginning-year inventory 123, 250 units Beginning inventory costs 3, 250 units Variable (3,250 units * $135) $ Fixed (3,250 units * $80) 438,750 260,000 Total $ 698,750 Manufacturing costs this year Direct materials $ Direct labor unit Overhead costs this year Variable overhead $3,000,000 Fixed overhead $7,600,000 Selling and administrative costs this year Variable $1,400,000 Fixed...
$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...
Martin Incorporated provided the following information regarding its only product Sale price per unit Direct materials...
Martin Incorporated provided the following information regarding its only product Sale price per unit Direct materials used Direct labor incurred Variable manufacturing overhead Variable selling and administrative expenses Fixed manufacturing overhead Fixed selling and administrative expenses Units produced and sold $50.00 $164,000 $187.000 $120.000 $75,000 $65.000 $12,000 21000 Assume no beginning inventory Assuming there is excess capacity, what would be the effect on operating income of accepting a special order for 1,200 units at a sale price of $45 per...
Units produced 2,500 units Sale price $100 per unit Direct materials $30 per unit Direct labor $15 per unit Variable manufacturing overhead $10 per unit Fixed manufacturing overhead $150,000 per year Variable selling and administrative costs $30 per unit Fixed selling and administrative costs $75,000 per year Calculate the unit product cost using absorntion costing
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
Mentor Corp. has provided the following information for the current year Units produced Sale price 3,500 units 200 per unit 70 per unit Direct materials Direct labor $ 55 per unit 20 per unit $350,000 per year Variable manufacturing overhead $ Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs 30 per unit $150,000 per year Calculate the unit product cost using variable costing. Multiple Choice $245 Next
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...
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...
$13 Variable cost per unit: Direct materials Fixed costs per year: Direct labor Fixed manufacturing overhead Fixed selling and administrative expenses $750,000 $420,000 $110,000 The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, Lyons produced 60,000 units and sold 52,000 units. The selling price of the company's product is $40 per unit. Required: 1. Assume the company uses super-variable costing: b. Compute the unit product cost for...
pter 19 Homework Saved Sales price per unit $ 300 per Units produced this year unit Units sold this year 120,000 units Units in beginning-year inventory 123, 250 units Beginning inventory costs 3, 250 units Variable (3,250 units * $135) $ Fixed (3,250 units * $80) 438,750 260,000 Total $ 698,750 Manufacturing costs this year Direct materials $ Direct labor unit Overhead costs this year Variable overhead $3,000,000 Fixed overhead $7,600,000 Selling and administrative costs this year Variable $1,400,000 Fixed...
$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...
Martin Incorporated provided the following information regarding its only product Sale price per unit Direct materials used Direct labor incurred Variable manufacturing overhead Variable selling and administrative expenses Fixed manufacturing overhead Fixed selling and administrative expenses Units produced and sold $50.00 $164,000 $187.000 $120.000 $75,000 $65.000 $12,000 21000 Assume no beginning inventory Assuming there is excess capacity, what would be the effect on operating income of accepting a special order for 1,200 units at a sale price of $45 per...
Most questions answered within 3 hours.
-
A glass electrode is calibrated using two standards and the
voltage of the electrode in each...
asked 3 minutes ago -
I have a table but while I was practicing with the other
examples I notice that...
asked 2 minutes ago -
I need new and unique answers, please. (Use your own
words, don't copy and paste), Please...
asked 9 minutes ago -
What is the silver ion concentration in a solution prepared by
mixing 475 mL 0.369 M...
asked 18 minutes ago -
QUESTION 1
What does “ICE” stand for, with respect to chemical
reactions?
Immigration and Customs
Enforcement...
asked 18 minutes ago -
34. Determine the internal rate of return for a project that
costs -$156,000 and would yield...
asked 19 minutes ago -
At the equator, near the surface of the Earth, the magnetic
field is approximately 50.0 μT...
asked 35 minutes ago -
Implement a class to represent a cash register. At the start of
each transaction, the amount...
asked 42 minutes ago -
A 148-Mg railroad locomotive can exert a 221 kN force.
A)At what rate can it accelerate...
asked 41 minutes ago -
What are the important complementary goods and enabling
technologies for the air taxi market? Are they...
asked 41 minutes ago -
Combustion of hydrocarbons such as pentane (C5H12) produces
carbon dioxide, a "greenhouse gas." Greenhouse gases in...
asked 45 minutes ago -
For the reaction
2Co3+(aq)+2Cl−(aq)→2Co2+(aq)+Cl2(g). E∘=0.483 V
what is the cell potential at 25 ∘C if the concentrations...
asked 53 minutes ago