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Pandora Pillow Company's planned production for the year just ended was 22,300 units. This production level...
Easton Pump Company's planned production for the year just ended was 19,000 units. This production level...
Easton Pump Company's planned production for the year just ended was 19,000 units. This production level was achieved, and 21,800 units were sold. Other data follow: Direct material used Direct labor incurred Fixed manufacturing overhead Variable manufacturing overhead Fixed selling and administrative expenses Variable selling and administrative expenses Finished-goods inventory, January 1 $573,800 296,400 408,500 193,800 351,500 114,950 3,700 units The cost per unit remained the same in the current year as in the previous year. There were no work-in-process...
Langdon Company produced 9,600 units during the past year, but only 8,300 of the units were...
Langdon Company produced 9,600 units during the past year, but only 8,300 of the units were sold. The following additional information is also available Direct materials used Direct labor incurred Variable manufacturing overhead Fixed manufacturing overhead Fixed selling and administrative expenses Variable selling and administrative expenses $104,100 $28,500 $21,000 $38,400 $71,500 $9,000 There was no work in process inventory at the beginning and end of the year, nor did Langdon have any beginning finished goods inventory X] Your answer is...
Exercise 6-18 Langdon Company produced 9,600 units during the past year, but only 8,500 of the...
Exercise 6-18 Langdon Company produced 9,600 units during the past year, but only 8,500 of the units were sold. The following additional information is also available. Direct materials used Direct labor incurred Variable manufacturing overhead Fixed manufacturing overhead Fixed selling and administrative expenses Variable selling and administrative expenses $93,500 $30,000 $20,500 $48,000 $72,000 $9,000 There was no work in process inventory at the beginning and end of the year, nor did Langdon have any beginning finished goods inventory. What would...
For 2011. Nichols, Inc., had sales of 150,000 units and production of 200,000 units. Other information for the year...
For 2011. Nichols, Inc., had sales of 150,000 units and production of 200,000 units. Other information for the year included: Direct manufacturing labor $187.500 Variable manufacturing overhead 100,000 Direct materials 150.000 Variable selling expenses 100,000 Fixed administrative expenses 100.000 Fixed manufacturing overhead 200,000 There was no beginning inventory. Compute the ending finished goods inventory under absorption costing
Question 5: Variable costing (20 marks in total) Slumberworld Pty Ltd's planned production for the current...
Question 5: Variable costing (20 marks in total) Slumberworld Pty Ltd's planned production for the current year was 15,000 units. This production level was achieved, but only 13,500 units were sold at $60 each. Other data are as follows: $ Direct material used 120,000 Direct labour cost incurred 60,000 Fixed manufacturing overhead (actual and planned) 75,000 Variable manufacturing overhead (actual and planned) 36,000 Fixed selling and administrative expenses 90,000 Variable selling and administrative expenses 13,500 Finished goods inventory, 1 January...
10./For 2018, Baggy Green Caps Inc., had sales of 75 000 units and production of 100...
10./For 2018, Baggy Green Caps Inc., had sales of 75 000 units and production of 100 000 units. Other information for the year included: Direct manufacturing labour Variable manufacturing overhead Direct materials 150 000 Variable selling expenses Fixed administrative expenses Fixed manufacturing overhead $187 500 100 000 100 000 not inventorichte 100 000 200 000 ! There was no beginning inventory. Required: a Compute the ending finished goods inventory under both absorption and variable costing b. Compute the cost of...
For 2011, Nichols, Inc., had sales of 150.000 units and production of 200,000 units. Other information...
For 2011, Nichols, Inc., had sales of 150.000 units and production of 200,000 units. Other information for the year included: Direct manufacturing labor $187.500 Variable manufacturing overhead 100.000 Direct materials 150,000 Variable selling expenses 100,000 Fixed administrative expenses 100,000 Fixed manufacturing overhead 200,000 There was no beginning inventory Compute the cost of goods sold under variable costing
Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations,...
Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred the following costs. Variable Costs per Unit Direct materials $8.70 Direct labor $4.00 Variable manufacturing overhead $6.73 Variable selling and administrative expenses $4.52 Fixed Costs per Year Fixed manufacturing overhead Fixed selling and administrative expenses $266,800 $243,716 Siren Company sells the fishing lures for $29.00. During 2020, the company sold 82,000 lures and produced 92,000 lures. Your answer is incorrect....
company's operations last year follow 7.14 points 250 235 Skipped Units in beginning inventory Units produced...
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...
Kubin Company's relevant range of production is 19,000 to 20,000 units
Kubin Company's relevant range of production is 19,000 to 20,000 units. When it produces and sells 19,500 units, its average costs per unit are as follows: Average Cost per Unit Direct materials$7.90Direct labor$4.90Variable manufacturing overhead$2.40Fixed manufacturing overhead$5.90Fixed selling expense$4.40Fixed administrative expense $3.40Sales commissions$1.90Variable administrative expense$1.40Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 19,500 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 19,500 units? 3. For flinancial accounting purposes,...
Easton Pump Company's planned production for the year just ended was 19,000 units. This production level was achieved, and 21,800 units were sold. Other data follow: Direct material used Direct labor incurred Fixed manufacturing overhead Variable manufacturing overhead Fixed selling and administrative expenses Variable selling and administrative expenses Finished-goods inventory, January 1 $573,800 296,400 408,500 193,800 351,500 114,950 3,700 units The cost per unit remained the same in the current year as in the previous year. There were no work-in-process...
Langdon Company produced 9,600 units during the past year, but only 8,300 of the units were sold. The following additional information is also available Direct materials used Direct labor incurred Variable manufacturing overhead Fixed manufacturing overhead Fixed selling and administrative expenses Variable selling and administrative expenses $104,100 $28,500 $21,000 $38,400 $71,500 $9,000 There was no work in process inventory at the beginning and end of the year, nor did Langdon have any beginning finished goods inventory X] Your answer is...
Exercise 6-18 Langdon Company produced 9,600 units during the past year, but only 8,500 of the units were sold. The following additional information is also available. Direct materials used Direct labor incurred Variable manufacturing overhead Fixed manufacturing overhead Fixed selling and administrative expenses Variable selling and administrative expenses $93,500 $30,000 $20,500 $48,000 $72,000 $9,000 There was no work in process inventory at the beginning and end of the year, nor did Langdon have any beginning finished goods inventory. What would...
For 2011. Nichols, Inc., had sales of 150,000 units and production of 200,000 units. Other information for the year included: Direct manufacturing labor $187.500 Variable manufacturing overhead 100,000 Direct materials 150.000 Variable selling expenses 100,000 Fixed administrative expenses 100.000 Fixed manufacturing overhead 200,000 There was no beginning inventory. Compute the ending finished goods inventory under absorption costing
10./For 2018, Baggy Green Caps Inc., had sales of 75 000 units and production of 100 000 units. Other information for the year included: Direct manufacturing labour Variable manufacturing overhead Direct materials 150 000 Variable selling expenses Fixed administrative expenses Fixed manufacturing overhead $187 500 100 000 100 000 not inventorichte 100 000 200 000 ! There was no beginning inventory. Required: a Compute the ending finished goods inventory under both absorption and variable costing b. Compute the cost of...
For 2011, Nichols, Inc., had sales of 150.000 units and production of 200,000 units. Other information for the year included: Direct manufacturing labor $187.500 Variable manufacturing overhead 100.000 Direct materials 150,000 Variable selling expenses 100,000 Fixed administrative expenses 100,000 Fixed manufacturing overhead 200,000 There was no beginning inventory Compute the cost of goods sold under variable costing
Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred the following costs. Variable Costs per Unit Direct materials $8.70 Direct labor $4.00 Variable manufacturing overhead $6.73 Variable selling and administrative expenses $4.52 Fixed Costs per Year Fixed manufacturing overhead Fixed selling and administrative expenses $266,800 $243,716 Siren Company sells the fishing lures for $29.00. During 2020, the company sold 82,000 lures and produced 92,000 lures. Your answer is incorrect....
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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