Requirement 1
Fixed manufacturing overheads included in ending inventory in Absorbtion costing | $ 6,000.00 |
Requirement 2
Ida Sidha Karya Company | ||
Variable costing income statement | ||
Sales | $ 218,500.00 | |
Variable Cost | ||
Variable cost of Goods Sold | $ 118,450.00 | |
Variable Selling & administrative | $ 6,900.00 | |
Total variable cost | $ 125,350.00 | |
Contribution margin | $ 93,150.00 | |
Fixed Costs: | ||
Fixed Cost of Goods Sold | $ 75,000.00 | |
Fixed Selling & Administrative | $ 15,000.00 | |
Total Fixed Cost | $ 90,000.00 | |
Net Income | $ 3,150.00 |
Working
Fixed manufacturing overheads | $ 75,000.00 |
Units produced | 250 |
Fixed manufacturing overheads per unit (75000/250) | $ 300 |
Fixed manufacturing overheads included in ending inventory in Absorbtion costing (20*30) | $ 6,000.00 |
Fixed manufacturing overheads included in Cost of goods sold in Absorbtion costing | $ 69,000.00 |
Ida Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia....
Ida Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $950. Selected data for the company's operations last year follow: 230 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 Fixed costs: Fixed manufacturing...
Ida Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $950. Selected data for the company’s operations last year follow: Units in beginning inventory 0 Units produced 250 Units sold 230 Units in ending inventory 20 Variable costs per unit: Direct materials $ 125 Direct labor $ 335 Variable manufacturing overhead $...
da Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $950. Selected data for the company’s operations last year follow: Units in beginning inventory 0 Units produced 250 Units sold 230 Units in ending inventory 20 Variable costs per unit: Direct materials $ 125 Direct labor $ 335 Variable manufacturing overhead $...
Ida Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $990. Selected data for the company's operations last year follow: A 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 Fixed costs: Fixed manufacturing...
Ida Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $910. Selected data for the company's operations last year follow: 0 300 270 30 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 Fixed...
Ida Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $960. Selected data for the company's operations last year follow: 230 200 30 Unit: in beginning inventory Units produced Units sold Units in ending inventory Variable conto per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs:...
Ida Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical Instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $910. Selected data for the company's operations last year follow: 270 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 Fixed costs: Fixed manufacturing...
Ida Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $880. Selected data for the company's operations last year follow: 280 255 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 Fixed costs: Fixed...
Ida Sidha Karya Company is a family-owned company located on the island of Bali In Indonesia. The company produces a handcraft Balinese musical Instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $990. Selected data for the company's operations last year follow: 200 180 20 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 Fixed costs:...
Ida Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $900. Selected data for the company's operations last year follow: Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: 300 275 25 Print $125 $345 45 35 Direct materials Direct labor Variable manufacturing overhead Variable...