Question

Hyper Color Company manufactures widgets. The following data is related to sales and production of the widgets for last year.
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Solution:

Unit product cost = Variable manufacturing cost per unit + Fixed manufacturing cost per unit =$62 + ($30,000 / 1600) = $81 per unit

Operating income for last year = Sales revenue - Cost of goods sold - Selling and administrative expenses

= (1000*$170) - (1000*$81) - (1000*$9 + $9,000)

= $71,000

Hence option D is correct.

Add a comment
Know the answer?
Add Answer to:
Hyper Color Company manufactures widgets. The following data is related to sales and production of the...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Hyper Color Company manufactures widgets. The following data is related to sales and production of the...

    Hyper Color Company manufactures widgets. The following data is related to sales and production of the widgets for last year. Selling price per unit $160 Variable manufacturing costs per unit $60 Variable selling and administrative expenses per unit $7 Fixed manufacturing overhead​ (in total) $31,000 Fixed selling and administrative expenses​ (in total) $5,000 Units produced during the year 1,500 Units sold during year 1,100 Using absorption​ costing, what is gross profit for last​ month? (Round any intermediary calculations to the...

  • Hyper Color Company manufactures widgets. The following data is related to sales and production of the...

    Hyper Color Company manufactures widgets. The following data is related to sales and production of the widgets for last year. Selling price per unit Variable manufacturing costs per unit Variable selling and administrative expenses per unit Fixed manufacturing overhead (in total) Fixed selling and administrative expenses (in total) Units produced during the year Units sold during year $170 $60 $10 $32,000 $5,000 2,000 1,400 Using variable costing, what is the contribution margin for last year? OA. $140,000 OB. $84,000 O...

  • MSU manufactures widgets. The following data is related to sales and production of the widgets for...

    MSU manufactures widgets. The following data is related to sales and production of the widgets for last year. Using absorption costing, what is operating income for last year? a. $ 39,300 b. $ 66,300 c. $219,700 d. $143,000 Selling price per unit Variable manufacturing costs per unit Variable selling and administrative expenses per unit Fixed manufacturing overhead (in total) Fixed selling and administrative expenses (in total) Units produced during the year Units sold during year $ 130.00 $ 6200 $5.00...

  • 5) MSU manufactures and sells toy gyroscopes. The following data is related to sales and production...

    5) MSU manufactures and sells toy gyroscopes. The following data is related to sales and production of the toy gyroscopes for last year. $8.00 $ 1.83 Selling price per unit Variable manufacturing costs per unit Variable selling and administrative expenses per unit Fixed manufacturing overhead (in total) Fixed selling and administrative expenses (in total) Units produced during the year Units sold during the year $ 75,000 $ 80,000 500,000 150,000 Using variable costing, what is the operating income for last...

  • 1. The following data is related to sales and production of the Tarkio Corporation for last...

    1. The following data is related to sales and production of the Tarkio Corporation for last year. Selling price per unit $60.00 Variable manufacturing cost per unit $25.00 Variable selling and administrative expense per unit $6.00 Fixed manufacturing overhead (in total) $50,000 Fixed selling and administrative expenses (in total) $8,000 Units produced during year 10,000 Units sold during year 8,000 Units in beginning inventory 0 Units in ending inventory 2,000 a. How much is Tarkio’s Gross Margin for last year?...

  • The Heartlake Corporation manufactures and sells toy gyroscopes. The following data is related to sales and...

    The Heartlake Corporation manufactures and sells toy gyroscopes. The following data is related to sales and production of the toy gyroscopes for last year. Selling price per unit Variable manufacturing costs per unit Variable selling and administrative expenses per unit Fixed manufacturing overhead (in total) Fixed selling and administrative expenses (in total) Units produced during the year Units sold during year $8.20 $1.84 $4.45 $79,000 $83,000 520,000 190,000 Using variable costing, what is the contribution margin for last year? O...

  • The Heartlake Corporation manufactures and sells toy gyroscopes. The following data is related to sales and...

    The Heartlake Corporation manufactures and sells toy gyroscopes. The following data is related to sales and production of the toy gyroscopes for last year. Selling price per unit Variable manufacturing costs per unit Variable selling and administrative expenses per unit Fixed manufacturing overhead (in total) Fixed selling and administrative expenses in total) Units produced during the year Units sold during year $8.10 $1.86 $4.95 $77,000 $85,000 520,000 170,000 Using variable costing, what is the contribution margin for last year? O...

  • Neef Corporation has provided the following data for its two most recent years of operation: Selling...

    Neef Corporation has provided the following data for its two most recent years of operation: Selling price per unit $ 84 Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials $ 12 Direct labor $ 5 Variable manufacturing overhead $ 4 Fixed manufacturing overhead per year $ 432,000 Selling and administrative expenses: Variable selling and administrative expense per unit sold $ 5 Fixed selling and administrative expense per year $ 61,000 Year 1 Year 2 Units in beginning inventory...

  • 66 Aaron Corporation, which has only one product, has provided the following data concerning its most...

    66 Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 127 Units in beginning inventory 0 Units produced 6,650 Units sold 6,350 Units in ending inventory 300 Variable costs per unit: Direct materials $ 19 Direct labor $ 49 Variable manufacturing overhead $ 13 Variable selling and administrative expense $ 13 Fixed costs: Fixed manufacturing overhead $ 179,550 Fixed selling and administrative expense $ 26,100 What is...

  • Walsh Company manufactures and sells one product. The following information pertains to each of the company’s...

    Walsh Company manufactures and sells one product. The following information pertains to each of the company’s first two years of operations: Variable costs per unit: Manufacturing: Direct materials $ 26 Direct labor $ 13 Variable manufacturing overhead $ 7 Variable selling and administrative $ 6 Fixed costs per year: Fixed manufacturing overhead $ 320,000 Fixed selling and administrative expenses $ 80,000 During its first year of operations, Walsh produced 50,000 units and sold 40,000 units. During its second year of...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT