McIntosh, Inc. reports the following information: Beginning Finished Goods Inventory 6060 units Units produced 510510 units...
McIntosh, Inc. reports the following information:
|
Beginning Finished Goods Inventory |
6060 |
units |
|
Units produced |
510510 |
units |
|
Units sold |
570570 |
units |
|
Sales price |
$ 160$160 |
per unit |
|
Direct materials |
$ 31$31 |
per unit |
|
Direct labor |
$ 19$19 |
per unit |
|
Variable manufacturing overhead |
$ 13$13 |
per unit |
|
Fixed manufacturing overhead |
$ 11 comma 100$11,100 |
per year |
|
Variable selling and administrative costs |
$ 7$7 |
per unit |
|
Fixed selling and administrative costs |
$ 12 comma 500$12,500 |
per year |
What is the unit product cost using variable costing? (Round your answer to the nearest cent.)
A.
$ 63.00$63.00
B.
$ 53.76$53.76
C.
$ 116.27$116.27
D.
$ 84.76
Homework Answers
|
Unit product cost under variable costing = Direct Materials + Direct Labor + Variable Manufacturing Overhead = 31 + 19"+ 13 = 63 |
Add Answer to:
McIntosh, Inc. reports the following information:
Beginning Finished Goods Inventory
6060
units
Units produced
510510
units...
lagan, Inc. has collected the following data. (There are no beginning inventories.) Units produced Sales price...
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Hayes Inc. provided the following information for the current year: Beginning inventory Units produced Units sold...
Hayes Inc. provided the following information for the current year: Beginning inventory Units produced Units sold Selling price Direct materials Direct labor manufacturing overhead Fixed manufacturing overhead Variable selling/administrative costs Fixed selling/administrative costs 230 units 880 units 934 units 280/unit $ 48/unit $ 29/unit $ 28/unit $39,600/year $ 21/unit $28,500/year What is the unit product cost for the year using absorption costing?
Selling price $130 (same information as on page 6) Units in beginning inventory Units produced Units...
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Selling price $117 Units in beginning inventory 750 Units produced 8,650 Units sold 8,750 Units in...
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8) If 12,500 units are produced, what is the average fixed manufacturing cost per unit produced?...
8) If 12,500 units are produced, what is the average fixed
manufacturing cost per unit produced?
9) If 8,000 units are produced, what is the
total amount of fixed manufacturing cost incurred to support this
level of production?
10) If 12,500 units are produced, what is the total
amount of fixed manufacturing cost incurred to support this level
of production?
11) If 8,000 units are produced, what is the total
amount of manufacturing overhead cost incurred to support this
level of production? What...
Fixed Manufacturing overhead Fixed Selling and administrative expense sales Units in Beginning inventory Units produced Units...
Fixed Manufacturing overhead
Fixed Selling and administrative expense
sales
Units in Beginning inventory
Units produced
Units Sold
Variable Cost of Goods Sold
variable selling and administrative expense
Ida Sidha Karya Company is a family-owned company located on the Island of Ball 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: 3.07 points Skipped 246 40...
Mentor Corp. has provided the following information for the current year Units produced Sale price 3,500...
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company's operations last year follow 7.14 points 250 235 Skipped Units in beginning inventory Units produced...
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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...
Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and...
Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expensee Sales commissions Variable administrative expense Average Cost Per Unit $5.60 $3.10 $1.40 $4.00 $2.60 $2.20 $1.20 $0.45 12. If 12,500 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level...
lagan, Inc. has collected the following data. (There are no beginning inventories.) Units produced Sales price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs 700 units $110 per unit $20 per unit $11 per unit $8 per unit $17,200 per year $5 per unit $11,100 per year What is the ending balance in Finished Goods Inventory using variable costing if 400 units are sold? O A. $5,700 OB....
Hayes Inc. provided the following information for the current year: Beginning inventory Units produced Units sold Selling price Direct materials Direct labor manufacturing overhead Fixed manufacturing overhead Variable selling/administrative costs Fixed selling/administrative costs 230 units 880 units 934 units 280/unit $ 48/unit $ 29/unit $ 28/unit $39,600/year $ 21/unit $28,500/year What is the unit product cost for the year using absorption costing?
Selling price $130 (same information as on page 6) Units in beginning inventory Units produced Units sold Units in ending inventory 6,100 6,000 100 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead $25 Variable selling and administrative S10 S33 530 Fixed costs: Fixed manufacturing overhead$91,500 Fixed selling and administrative $98,000 f. What is the net operating income for the month under absorption costing? i. Reconcile and explain any difference in the net income under the two different...
Selling price $117 Units in beginning inventory 750 Units produced 8,650 Units sold 8,750 Units in ending inventory 650 Variable costs per unit: Direct materials $ 25 Direct labor $ 42 Variable manufacturing overhead Variable selling and administrative expense $ 16 Fixed costs: Fixed manufacturing overhead $ 69,200 Fixed selling and administrative expense $ 163,000 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per...
8) If 12,500 units are produced, what is the average fixed
manufacturing cost per unit produced?
9) If 8,000 units are produced, what is the
total amount of fixed manufacturing cost incurred to support this
level of production?
10) If 12,500 units are produced, what is the total
amount of fixed manufacturing cost incurred to support this level
of production?
11) If 8,000 units are produced, what is the total
amount of manufacturing overhead cost incurred to support this
level of production? What...
Fixed Manufacturing overhead
Fixed Selling and administrative expense
sales
Units in Beginning inventory
Units produced
Units Sold
Variable Cost of Goods Sold
variable selling and administrative expense
Ida Sidha Karya Company is a family-owned company located on the Island of Ball 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: 3.07 points Skipped 246 40...
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
company's operations last year follow 7.14 points 250 235 Skipped 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 overhead Fixed selling and administrative $ $ 135 345 $ 20 $65,000 $25,000 The absorption costing income statement prepared by the company's accountant for last year appears below Sales Cost of goods sold Gross margin Selling and administrative expense...
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