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Per Dad Page 2 Allentown information Aqua, for Inc. has the year provided the following units...
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
| Medham Inc has collected the cure no begingung mvertones) following data ( There ! units...
| Medham Inc has collected the cure no begingung mvertones) following data ( There ! units Perackiced units Sold sales perice Durect materiale Diesect Labour Vasciable manufacturiny cuachead Fixed Manufacturing cueshead Vatable Selling and administrohue costs_ Eixed Selling and administrave costs 560 warts 560 units $ 180 pen uit $ 10 pennut $ 35 per mit $20 Ron wit $ 20,000 per yerd $15_Decout $20,000 What is the opera log income using absorption Costera (Round any intermediate calculations to the...
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?
Help Save & EX Hayes Inc provided the following information for the current year 26 Beginning...
Help Save & EX Hayes Inc provided the following information for the current year 26 Beginning inventory Units produced Units sold Selling price Direct materials Direct labor Variable manufacturing overhead Fixed manufactuling overhead Variable selling/administrative costs Fixed selling/administrative costs 170 units 820 units 869 units $ 220/unit $ 42/unit $ 23/unit $ 22/unit $31,980/yr $ 15/unit $22,500/yr What is the unit product cost for the year using variable costing? Urban Company reports the following information regarding its production cost 25...
Lavender Inc has the following information for its first year of operations: Units produced Units sold...
Lavender Inc has the following information for its first year of operations: Units produced Units sold Unit sales price Direct material per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead Variable selling expenses Fixed selling and administrative expenses 4,800 3,840 $ 210.00 $ 42.00 $ 52.50 $ 10.50 $120,000 $ 10.50 $ 27,000 a. Prepare Lavender's full absorption costing income statement. (Do not round your intermediate calculations. Round your answers to nearest dollar amounts.) b....
2. In May 20Y2, Zenith, Inc. reports the following results: Production 70 units Sales 80 units...
2. In May 20Y2, Zenith, Inc. reports the following results: Production 70 units Sales 80 units Selling price, per unit $30 Variable manufacturing costs, per unit $12 Variable S&A expenses, per unit $7 Fixed manufacturing overhead, total $560 Fixed S&A expenses, total $210 Zenith’s per-unit manufacturing costs were the same in the prior month. a. What is Zenith’s operating income using variable costing? __________ b. What is Zenith’s operating income using absorption costing? ________
QUESTION 3 NTM MANUFACTURING HAS THE FOLLOWING INFORMATION Selling price per unit R50 1 600 units...
QUESTION 3 NTM MANUFACTURING HAS THE FOLLOWING INFORMATION Selling price per unit R50 1 600 units 2 000 units R13 Sales for the month Production for the month Variable production costs per unit Variable selling and administrative costs per unit Fixed production costs Fixed selling and administration costs R6 R11 900 R6 200 Required 1. Prepare the Income statement for February 2019 according to the marginal costing method 2. Prepare the Income statement for February 2019 according to the absorption...
ccrone Corporati on has provided the following data for its two most recent years of operation:...
ccrone Corporati on has provided the following data for its two most recent years of operation: Selling price per unit $ 59 Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials $ 11 Direct labor $ 6 Variable manufacturing overhead $ 4 Fixed manufacturing overhead per year $ 88,000 Selling and administrative expenses: Variable selling and administrative expense per unit sold $ 4 Fixed selling and administrative expense per year $ 80,000...
Kirgan, Inc., manufactures a product with the following costs: Per Year Per Unit $26.40 $15.40 $...
Kirgan, Inc., manufactures a product with the following costs: Per Year Per Unit $26.40 $15.40 $ 3.60 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $1,545,600 $ 3.50 $1,514,700 The company uses the absorption costing approach to cost-plus pricing described in the text. The pricing calculations are based on budgeted production and sales of 96,000 units per year. The company has invested $370,000 in this product and expects...
Brief Exercise 6-18 Burns Company incurred the following costs during the year: direct materials $22.90 per...
Brief Exercise 6-18 Burns Company incurred the following costs during the year: direct materials $22.90 per unit; direct labor $15.10 per unit; variable manufacturing overhead $17.80 per unit; variable selling and administrative costs $11.70 per unit; fixed manufacturing overhead $122,000; and fixed selling and administrative costs $11,000. Burns produced 6,100 units and sold 6000 units. Determine the manufacturing cost per unit under (a) absorption costing and (b) variable costing. (Round answers to 2 decimal places, e.g. 52.75.) Manufacturing cost (a)...
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
| Medham Inc has collected the cure no begingung mvertones) following data ( There ! units Perackiced units Sold sales perice Durect materiale Diesect Labour Vasciable manufacturiny cuachead Fixed Manufacturing cueshead Vatable Selling and administrohue costs_ Eixed Selling and administrave costs 560 warts 560 units $ 180 pen uit $ 10 pennut $ 35 per mit $20 Ron wit $ 20,000 per yerd $15_Decout $20,000 What is the opera log income using absorption Costera (Round any intermediate calculations to the...
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?
Help Save & EX Hayes Inc provided the following information for the current year 26 Beginning inventory Units produced Units sold Selling price Direct materials Direct labor Variable manufacturing overhead Fixed manufactuling overhead Variable selling/administrative costs Fixed selling/administrative costs 170 units 820 units 869 units $ 220/unit $ 42/unit $ 23/unit $ 22/unit $31,980/yr $ 15/unit $22,500/yr What is the unit product cost for the year using variable costing? Urban Company reports the following information regarding its production cost 25...
Lavender Inc has the following information for its first year of operations: Units produced Units sold Unit sales price Direct material per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead Variable selling expenses Fixed selling and administrative expenses 4,800 3,840 $ 210.00 $ 42.00 $ 52.50 $ 10.50 $120,000 $ 10.50 $ 27,000 a. Prepare Lavender's full absorption costing income statement. (Do not round your intermediate calculations. Round your answers to nearest dollar amounts.) b....
QUESTION 3 NTM MANUFACTURING HAS THE FOLLOWING INFORMATION Selling price per unit R50 1 600 units 2 000 units R13 Sales for the month Production for the month Variable production costs per unit Variable selling and administrative costs per unit Fixed production costs Fixed selling and administration costs R6 R11 900 R6 200 Required 1. Prepare the Income statement for February 2019 according to the marginal costing method 2. Prepare the Income statement for February 2019 according to the absorption...
Kirgan, Inc., manufactures a product with the following costs: Per Year Per Unit $26.40 $15.40 $ 3.60 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $1,545,600 $ 3.50 $1,514,700 The company uses the absorption costing approach to cost-plus pricing described in the text. The pricing calculations are based on budgeted production and sales of 96,000 units per year. The company has invested $370,000 in this product and expects...
Brief Exercise 6-18 Burns Company incurred the following costs during the year: direct materials $22.90 per unit; direct labor $15.10 per unit; variable manufacturing overhead $17.80 per unit; variable selling and administrative costs $11.70 per unit; fixed manufacturing overhead $122,000; and fixed selling and administrative costs $11,000. Burns produced 6,100 units and sold 6000 units. Determine the manufacturing cost per unit under (a) absorption costing and (b) variable costing. (Round answers to 2 decimal places, e.g. 52.75.) Manufacturing cost (a)...
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