Homework Answers
| 1 | Direct materials | 9.80 |
| Direct labor | 3.60 | |
| Variable manufacturing overhead | 1.25 | |
| Variable manufacturing cost per unit $ | 14.65 | |
| 2 | Dance Creations | |
| Contribution Margin Income Statement | ||
| For the Last Month | ||
| Sales revenue (1440 x $31) | 44640 | |
| Variable expenses: | ||
| Variable cost of goods sold (1440 x $14.65) | 21096 | |
| Variable selling and administrative expense (1440 x $0.65) | 936 | |
| Contribution margin | 22608 | |
| Fixed expenses: | ||
| Fixed manufacturing overheads | 16800 | |
| Fixed selling and administrative expense | 5150 | |
| Net operating income | 658 | |
| 3 | Direct materials | 9.80 |
| Direct labor | 3.60 | |
| Variable manufacturing overhead | 1.25 | |
| Fixed manufacturing overhead ($16800/1600) | 10.50 | |
| Full manufacturing cost per unit $ | 25.15 | |
| 4 | Dance Creations | |
| Absorption Costing Income Statement | ||
| For the Last Month | ||
| Sales revenue (1440 x $31) | 44640 | |
| Cost of goods sold (1440 x $25.15) | 36216 | |
| Gross margin | 8424 | |
| Selling and administrative expense [(1440 x $0.65) + $5150] | 6086 | |
| Net operating income $ | 2338 | |
Per HOMEWORKLIB RULES the first 4 parts have been answered. Please post the remaining parts separately. Thank you.
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Dance For Life Creations manufactures authentic Hawaiian hula skirts that are purchased for traditional Hawaiian celebrations,...
Dance Creations manufactures authentic Hawaiian hula skirts that are purchased for traditional Hawaiian celebrations, costume parties,...
Dance Creations manufactures authentic Hawaiian hula skirts that are purchased for traditional Hawaiian celebrations, costume parties, and other functions. During its first year of business, the company incurred the following costs: 9.85 Variable Cost per Hula Skirt Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses 3.65 1.30 0.70 Fixed Cost per Month Fixed manufacturing overhead Fixed selling and administrative expenses $16,125 5,200 Dance Creations charges $32 for each skirt that it sells. During the first month...
Dance Creations manufactures authentic Hawaiian hula skirts that are purchased for traditional Hawaiian celebrations, costume parties,...
Dance Creations manufactures authentic Hawaiian hula skirts that are purchased for traditional Hawaiian celebrations, costume parties, and other functions. During its first year of business, the company incurred the following costs: Variable Cost per Hula Skirt Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses $ 10.25 4.05 1.20 0.50 Fixed Cost per Month Fixed manufacturing overhead Fixed selling and administrative expenses $19, 140 5, 600 Dance Creations charges $33 for each skirt that it sells. During...
Dance Creations manufactures authentic Hawaiian hula skirts that are purchased for traditional Hawaiian celebrations, costume parties,...
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Dance Creations manufactures authentic Hawaiian hula skirts that are purchased for traditional Hawaiian celebrations, costume parties,...
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