Bonita Industries sells its product for $7100 per unit. Variable costs per unit are: manufacturing, $3000,...
Bonita Industries sells its product for $7100 per unit. Variable costs per unit are: manufacturing, $3000, and selling and administrative, $100. Fixed costs are: $18000 manufacturing overhead, and $24000 selling and administrative. There was no beginning inventory at 1/1/15. Production was 20 units per year in 2015–2017. Sales were 20 units in 2015, 16 units in 2016, and 24 units in 2017. Income under absorption costing for 2016 is
Homework Answers
| Fixed manufacturing overhead per unit | 900 | =18000/20 |
| Unit product cost | 3900 | =3000+900 |
| Sales revenue | 113600 | =16*7100 |
| Less: Cost of goods sold | 62400 | =16*3900 |
| Gross margin | 51200 | |
| Less: Selling and administrative expenses | 25600 | =24000+(16*100) |
| Income under absorption costing for 2016 | 25600 |
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Bonita Industries sells its product for $7100 per unit. Variable
costs per unit are: manufacturing, $3000,...
Green Company sells its product for $10200 per unit. Variable costs per unit are: manufacturing, $5200; and selling and administrative, $135. Fixed costs are: $28800 manufacturing overhead, and $38800 selling and administrative. There was no beginning inv
Green Company sells its product for $10200 per unit. Variable costs per unit are: manufacturing, $5200; and selling and administrative, $135. Fixed costs are: $28800 manufacturing overhead, and $38800 selling and administrative. There was no beginning inventory at 1/1/18. Production was 24units per year in 2018–2020. Sales were 24 units in 2018, 20 units in 2019, and 28 units in 2020. Income under absorption costing for 2019 isA) $29700.B) $34500.C) $37200.D) $64200.
Variable and Absorption Costing Chandler Company sells its product for $116 per unit. Variable manufacturing costs...
Variable and Absorption Costing Chandler Company sells its product for $116 per unit. Variable manufacturing costs per unit are 551 and fed manufacturing costs at the normal operating level of 12,000 units are $240,000. Variable selling expenses are $24 per unit sold. Fored administrative expenses total $104,000 Chandler had no beginning inventory in 2016 During 2016, the company produced 12.000 units and sold 9,000. Would net income for Chandler Company in 2016 be higher if calculated using variable costing or...
Variable and Absorption Costing Chandler Company sells its product for $104 per unit. Variable manufacturing costs...
Variable and Absorption Costing Chandler Company sells its product for $104 per unit. Variable manufacturing costs per unit are 545, and fixed manufacturing costs at the normal operating level of 12,000 units are $240,000. Variable selling expenses are $15 per unit sold. Fixed administrative expenses total $104,000. Chandler had no beginning inventory in 2016. During 2016, the company produced 12,000 units and sold 9,000. Would net income for Chandler Company in 2016 be higher if calculated using variable costing or...
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The Colin Division of Mochrie Company sells its product for $37 per unit. Variable costs per unit are: manufacturing, $14; and selling and administrative, $4. Fixed costs are: $420000 manufacturing overhead, and $57000 selling and administrative. There was no beginning inventory. Expected sales for next year are 60000 units. Ryan Stiles, the manager of the Colin Division, is under pressure to improve the performance of the Division. As he plans for next year, he has to decide whether to produce 60000 units or 70000 units. What would the manufacturing...
Variable and Absorption Costing Chandler Company sells its product for $116 per unit. Variable manufacturing costs...
Variable and Absorption Costing Chandler Company sells its product for $116 per unit. Variable manufacturing costs per unit are $51, and fixed manufacturing costs at the normal operating level of 12,000 units are $240,000. Variable selling expenses are $24 per unit sold. Fixed administrative expenses total $104,000. Chandler had no beginning inventory in 2016. During 2016, the company produced 12,000 units and sold 9,000. Would net income for Chandler Company in 2016 be higher if calculated using variable costing or...
Variable and Absorption Costing Chandler Company sells its product for $100 per unit. Variable manufacturing costs...
Variable and Absorption Costing Chandler Company sells its product for $100 per unit. Variable manufacturing costs per unit are $40, and fixed manufacturing costs at the normal operating level of 12,000 units are $240,000. Variable selling expenses are $16 per unit sold. Fixed administrative expenses total $104,000. Chandler had no beginning inventory in 2016. During 2016, the company produced 12,000 units and sold 9,000. Would net income for Chandler Company in 2016 be higher if calculated using variable costing or...
Variable and Absorption Costing Chandler Company sells its product for $120 per unit. Variable manufacturing costs...
Variable and Absorption Costing Chandler Company sells its product for $120 per unit. Variable manufacturing costs per unit are $49, and fixed manufacturing costs at the normal operating level of 12,000 units are $240,000. Variable selling expenses are $21 per unit sold. Fixed administrative expenses total $104,000. Chandler had no beginning inventory in 2016. During 2016, the company produced 12,000 units and sold 9,000. Would net income for Chandler Company in 2016 be higher if calculated using variable costing or...
Variable and Absorption Costing Grant Company sells its product for $53 per unit Variable manufacturing costs...
Variable and Absorption Costing Grant Company sells its product for $53 per unit Variable manufacturing costs per unit are $32, and fixed manufacturing costs at the normal operating level of 18,000 units are $90,000. Variable selling expenses are $4 per unit sold. Fixed administrative expenses total $155,000. Grant had 7,000 units at a per-unit cast of $37 in beginning inventory in 2016. During 2016, the company produced 18,000 units and sold 20,000. Would net income for Grant Company in 2016...
Variable and Absorption Costing Chandler Company sells its product for $100 per unit. Variable manufacturing costs...
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Variable and Absorption Costing Chandler Company sells its product for $116 per unit. Variable manufacturing costs per unit are 551 and fed manufacturing costs at the normal operating level of 12,000 units are $240,000. Variable selling expenses are $24 per unit sold. Fored administrative expenses total $104,000 Chandler had no beginning inventory in 2016 During 2016, the company produced 12.000 units and sold 9,000. Would net income for Chandler Company in 2016 be higher if calculated using variable costing or...
Variable and Absorption Costing Chandler Company sells its product for $104 per unit. Variable manufacturing costs per unit are 545, and fixed manufacturing costs at the normal operating level of 12,000 units are $240,000. Variable selling expenses are $15 per unit sold. Fixed administrative expenses total $104,000. Chandler had no beginning inventory in 2016. During 2016, the company produced 12,000 units and sold 9,000. Would net income for Chandler Company in 2016 be higher if calculated using variable costing or...
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Variable and Absorption Costing Grant Company sells its product for $53 per unit Variable manufacturing costs per unit are $32, and fixed manufacturing costs at the normal operating level of 18,000 units are $90,000. Variable selling expenses are $4 per unit sold. Fixed administrative expenses total $155,000. Grant had 7,000 units at a per-unit cast of $37 in beginning inventory in 2016. During 2016, the company produced 18,000 units and sold 20,000. Would net income for Grant Company in 2016...
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