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Ramort Company reports the following cost data for its single product. The company regularly sells 20,000 units of its product at a price of $60 per unit 1 Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead per year Selling and administrative costs for the year Variable Fixed Normal production level (in units) points $ 10 per unit 12 per unit Skipped $ $40,000 3 per unit $ $65,200 20,e00 units 2 per unit oBcok Print...
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Ramort Company reports the following cost data for its single product. The company regularly sells 20,000 units of its product at a price of $60 per unit. ► 10 per unit 12 per unit ይ ቆ Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead per year Selling and administrative costs for the year Variable Fixed Normal production level (in units) 3 per unit $40,000 ቃ $ 2 per unit $65,200 20,000 units Compute gross margin...
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QS 19-1 Computing unit cost under absorption costing LO P1 Vijay Company reports the following information regarding its production costs. 10 per unit 20 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead Units produced 10 per unit $160,000 20,000 units Compute its product cost per unit under absorption costing. Product cost per unit QS 19-2 Computing unit cost under variable costing LO P1 Vijay Company reports the following information regarding its production costs....
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Ramort Company reports the following cost data for its single
product. The company regularly sells 20,000 units of its product at
a price of $60 per unit. If Ramort doubles its production to 40,000
units while sales remain at the current 20,000-unit level, by how
much would the company's contribution margin increase or decrease
under variable costing?
Direct materials
$
10
per unit
Direct labor
$
12
per unit
Overhead costs for the year
Variable
overhead
$
3
per...
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Ramort Company reports the following cost data for its single product. The company regularly sells 16,000 units of its product at a price of $52.00 per unit. $ $ 9.20 per unit 11.20 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead per year Selling and administrative costs for the year Variable Fixed Normal production level (in units) $ 2.20 per unit $14,400.00 $ $ 1.20 per unit 64,400 16,000 units Compute gross margin...
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Ramort Company reports the following cost data for its single product. The company regularly sells 20,600 units of its product at a price of $69 per unit. 13 per unit 15 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead per year Selling and administrative costs for the year Variable Fixed Normal production level (in units) $ 6 per unit $41,200 $ 8 per unit $ 65,800 20,600 units If Ramort doubles its production...
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Ramort Company reports the following cost data for its single product. The company regularly sells 23,200 units of its product at a price of $84 per unit. If Ramort doubles its production to 46,400 units while sales remain at the current 23,200-unit level, by how much would the company's contribution margin increase or decrease under variable costing? $ $ 18 per unit 20 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead per year...
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Ramort Company reports the following cost data for its single product. The company regularly sells 24,000 units of its product at a price of $68.00 per unit. $ 10.80 per unit $ 12.80 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead per year Selling and administrative costs for the year Variable Fixed Normal production level (in units) $ 3.80 per unit $ 78,400 $ 2.80 per unit $ 66,000 24,000 units Compute contribution...
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Exercise 19-12 Absorption costing and overproduction LO C1 Jacquie Inc. reports the following annual cost data for its slingle product. Normal production and sales level Sales price 73,eee units 57.30 per unit 10.30 per unit 7.80 per unit 12.30 per unit $1,160,7ee in total Direct materials Direct labor Variable overhead Fixed overhead Complete the below table using absorption costing. (Round cost per unit answers to 2 decimal place.) Production volume Cost of goods sold: 73,000 units 106,000 units Cost of...
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Exercise 19-12 Absorption costing and overproduction LO C1 Jacquie Inc. reports the following annual cost data for its single product 1.25 points eBook Normal production and sales level Sales price Direct materials Direct labor Variable overhead Fixed overhead 78,000 units $ 57.80 per unit $ 10.80 per unit 8.30 per unit $ 12.80 per unit $1,357, 200 in total Hint Ask Complete the below table using absorption costing. (Round cost per unit answers to 2 decimal place.) Production volume 78,000...
Ramort Company reports the following cost data for its single product. The company regularly sells 20,000 units of its product at a price of $60 per unit 1 Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead per year Selling and administrative costs for the year Variable Fixed Normal production level (in units) points $ 10 per unit 12 per unit Skipped $ $40,000 3 per unit $ $65,200 20,e00 units 2 per unit oBcok Print...
Ramort Company reports the following cost data for its single product. The company regularly sells 20,000 units of its product at a price of $60 per unit. ► 10 per unit 12 per unit ይ ቆ Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead per year Selling and administrative costs for the year Variable Fixed Normal production level (in units) 3 per unit $40,000 ቃ $ 2 per unit $65,200 20,000 units Compute gross margin...
QS 19-1 Computing unit cost under absorption costing LO P1 Vijay Company reports the following information regarding its production costs. 10 per unit 20 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead Units produced 10 per unit $160,000 20,000 units Compute its product cost per unit under absorption costing. Product cost per unit QS 19-2 Computing unit cost under variable costing LO P1 Vijay Company reports the following information regarding its production costs....
Ramort Company reports the following cost data for its single
product. The company regularly sells 20,000 units of its product at
a price of $60 per unit. If Ramort doubles its production to 40,000
units while sales remain at the current 20,000-unit level, by how
much would the company's contribution margin increase or decrease
under variable costing?
Direct materials
$
10
per unit
Direct labor
$
12
per unit
Overhead costs for the year
Variable
overhead
$
3
per...
Ramort Company reports the following cost data for its single product. The company regularly sells 16,000 units of its product at a price of $52.00 per unit. $ $ 9.20 per unit 11.20 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead per year Selling and administrative costs for the year Variable Fixed Normal production level (in units) $ 2.20 per unit $14,400.00 $ $ 1.20 per unit 64,400 16,000 units Compute gross margin...
Ramort Company reports the following cost data for its single product. The company regularly sells 20,600 units of its product at a price of $69 per unit. 13 per unit 15 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead per year Selling and administrative costs for the year Variable Fixed Normal production level (in units) $ 6 per unit $41,200 $ 8 per unit $ 65,800 20,600 units If Ramort doubles its production...
Ramort Company reports the following cost data for its single product. The company regularly sells 23,200 units of its product at a price of $84 per unit. If Ramort doubles its production to 46,400 units while sales remain at the current 23,200-unit level, by how much would the company's contribution margin increase or decrease under variable costing? $ $ 18 per unit 20 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead per year...
Ramort Company reports the following cost data for its single product. The company regularly sells 24,000 units of its product at a price of $68.00 per unit. $ 10.80 per unit $ 12.80 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead per year Selling and administrative costs for the year Variable Fixed Normal production level (in units) $ 3.80 per unit $ 78,400 $ 2.80 per unit $ 66,000 24,000 units Compute contribution...
Exercise 19-12 Absorption costing and overproduction LO C1 Jacquie Inc. reports the following annual cost data for its slingle product. Normal production and sales level Sales price 73,eee units 57.30 per unit 10.30 per unit 7.80 per unit 12.30 per unit $1,160,7ee in total Direct materials Direct labor Variable overhead Fixed overhead Complete the below table using absorption costing. (Round cost per unit answers to 2 decimal place.) Production volume Cost of goods sold: 73,000 units 106,000 units Cost of...
Exercise 19-12 Absorption costing and overproduction LO C1 Jacquie Inc. reports the following annual cost data for its single product 1.25 points eBook Normal production and sales level Sales price Direct materials Direct labor Variable overhead Fixed overhead 78,000 units $ 57.80 per unit $ 10.80 per unit 8.30 per unit $ 12.80 per unit $1,357, 200 in total Hint Ask Complete the below table using absorption costing. (Round cost per unit answers to 2 decimal place.) Production volume 78,000...