Absorption costing unit product cost
= 15 + 11 + (150,000/15,000) + (210,000/15,000)
= 50 per unit
Cost of ending inventory = 1300 units * 50
= 65,000
13 MC Qu. 170 A manufacturer reports the following costs... 005 A manufacturer reports the following...
MC Qu. 171 A manufacturer reports the following costs to produce... 005 A manufacturer reports the following costs to produce 19,000 units in its first year of operations: Direct materials, S19 per unit, Direct labor, $15 per unit, Variable overhead. $190.000, and Fixed overhead, $285.000. Of the 19.000 units produced, 18.100 were sold and 900 remain in inventory at year end. Under variable costing the value of the inventory is 8 02.12 Munple Choice O O O
15 MC Qu. 174 A manufacturer reports the following information... A manufacturer reports the following information below for its first three years in operation. 2.05 points 8 00:58:27 Year 1 Year 2 Year 3 $92,000 $125,000 $131,000 960 580 960 580 $ 12.00 $ 12.00 $ 12.00 Income under variable costing Beginning inventory (units) Ending inventory (units) Fixed manufacturing overhead per unit eBook Income for year 3 using absorption costing is: Multiple Choice $120,440 0 $138,920
MC Qu. 159 Flannigan Company manufactures and sells... 005 variable costs are $378. Annual fixed costs are $993,600 Current sales Flannigan Company manufactures and sells a single product that sells for $700 per volume is $4,360,000. Compute the contribution margin per unit 10641
16 MC Qu. 78 A firm expects to sell... 005 A firm expects to sell 26,000 units of its product at $12.00 per unit and to incur variable costs per unit of $700. Totalfixed costs are $80,000. The total contribution marginis M iple Choice O $60.000 $130.000 $80,000 5182,000
Trio Company reports the following information for the current year, which is its first year of operations. Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead Units produced this year Units sold this year Ending finished goods inventory in units $ 14 per unit $ 16 per unit $ 3 per unit $ 150,000 per year 25,000 units 19,000 units 6,000 units 1. Compute the product cost per unit using absorption costing. Cost per unit of...
A manufacturer reports the following costs to produce 20,000 units in its first year of operations: Direct materials, $20 per unit, Direct labor, $16 per unit, Variable overhead, $160,000 and fixed overhead, $320,000. The total product cost per unit under variable costing is: 36 per unit 44 per unit 60 per unit 52 per unit 28 per unit
Exercise 06-1 Computing unit and inventory costs under absorption costing LO P1 Trio Company reports the following information for the current year, which is its first year of operations. 15 per unit 16 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead Units produced this year Units sold this year Ending finished goods inventory in units 4 per unit $ 160,000 per year 20,000 units 14,000 units 6,000 units 1. Compute the product cost...
MC Qu. 118 Forrester Company is considering buying... 005 Forrester Company is considering buying new equipment that would increase monthly foved costs from $396,000 to $684,000 and would decrease the current variable costs of 580 by $20 per unit. The selling price of $120 is not expected to change. Forrester's current break even sales are $1,188,000 and current break even units are 9.900, If Forrester purchases this new equipment, the revised contribution margin ratio would be: (3 01.2007
Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Units produced this year 42,000 units Units sold this year 25,200 units Direct materials $ 26 per unit Direct labor $ 28 per unit Variable overhead $ 126,000 in total Fixed overhead $ 210,000 in total Given Advanced Company's data, and the knowledge that the product is sold for $82 per unit and operating expenses are $370,000, compute the net income under...
Trio Company reports the following information for the current
year, which is its first year of operations.
Direct materials
$
13
per unit
Direct labor
$
19
per unit
Overhead costs for the year
Variable overhead
$
45,000
per year
Fixed overhead
$
90,000
per year
Units produced this year
22,500
units
Units sold this year
16,500
units
Ending finished goods inventory in units
6,000
units
Compute the product cost per unit using absorption costing. Cost per unit of finished...