Homework Answers
Calculate absorption Costing
| Year 1 | Year 2 | Year 3 | |
| Variable costing income | 110000 | 114400 | 118950 |
| Add (Less) Fixed manufacturing deferred in (released in) Inventory | 1200*2.5 = 3000 | 500*2.5 = -1250 | 100*2.5 = 250 |
| Absorption Costing income | 113000 | 113150 | 119200 |
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Blenders and Mixers Inc. provided the below information below for three recent years. Year 1...
Exercise 18-26B Computing absorption costing income LO P5 A manufacturer reports the information below for three...
Exercise 18-26B Computing absorption costing income LO P5 A manufacturer reports the information below for three recent years. Variable costing income Beginning finished goods inventory (units) Ending finished goods inventory (units) Fixed manufacturing overhead per unit Year 1 Year 2 Year 3 $115,000 $119,400 $123,950 0 1,450 950 1,450 950 1,050 $ 3.00 $ 3.00 $ 3.00 Compute income for each of the three years using absorption costing. Year 2 Year 3 Year 1 115,000 $ 119,400 $ 123,950 Variable...
Exercise 18-26B Computing absorption costing income LO P5 A manufacturer reports the information below for three...
Exercise 18-26B Computing absorption costing income LO P5 A manufacturer reports the information below for three recent years. ek Variable costing income Beginning finished goods inventory (units) Ending finished goods inventory (units) Fixed manufacturing overhead per unit Year 1 Year 2 Year 3 $115,000 $119,400 $123,950 0 1,450 950 1,450 950 1,050 $ 3.00 $ 3.00 $ 3.00 at ences Compute income for each of the three years using absorption costing. Year 1 ear 2 Year 3 Variable costing income...
Required information (The following information applies to the questions displayed below.) Jorgansen Lighting, Inc., manufactures heavy-duty...
Required information (The following information applies to the questions displayed below.) Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year 3 Inventories Beginning (units) Ending (units) Variable costing net operating income 220 170 200 170 200 230 $ 290,000 $269,000 $260,000 The company's fixed manufacturing overhead...
Required information [The following information applies to the questions displayed below.] Part 1 of 2 Jorgansen...
Required information [The following information applies to the questions displayed below.] Part 1 of 2 Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the following data: 1.66 points Year 1 Year 2 Year 3 Inventories Beginning (units) Ending (units) Variable costing net operating income 210 160 $290,000 160 180 $269,000 180 220 $250,000...
Candle Enterprises provided the below information for this year (its first year of operations). 15 per...
Candle Enterprises provided the below information for this year (its first year of operations). 15 per unit 16 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead Units produced this year Units sold this year Ending finished goods inventory in units 4 per unit $160,000 per year 20,000 units 14,000 units 6,000 units 1. Compute the product cost per unit using variable costing. Cost per unit of finished goods using: Variable costing + Cost...
[The following information applies to the questions displayed below.] Jorgansen Lighting, Inc., manufactures heavy-duty street lighting...
[The following information applies to the questions displayed below.] Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year 3 Inventories: Beginning (units) Ending (units) Variable costing net operating income 208 167 $297,900 167 185 $276,000 185 235 $251,800 The company's fixed manufacturing overhead per unit was...
Required information [The following information applies to the questions displayed below.) Jorgansen Lighting, Inc., manufactures heavy-duty...
Required information [The following information applies to the questions displayed below.) Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year 3 Inventories: Beginning (units) Ending (units) Variable costing net operating income 200 170 $1,080,400 170 180 $1,032,400 180 220 $996,400 The company's fixed manufacturing overhead per...
Required information The following information applies to the questions displayed below.) Jorgansen Lighting, Inc., manufactures heavy-duty...
Required information The following information applies to the questions displayed below.) Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year 3 Inventories Beginning (units) Ending (units) Variable costing net operating income 210 160 $290,000 160 200 $279,000 200 240 $250,000 The company's fixed manufacturing overhead per...
Required information (The following information applies to the questions displayed below.] Jorgansen Lighting, Inc., manufactures heavy-duty...
Required information (The following information applies to the questions displayed below.] Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for Internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year 3 220 190 Inventories Beginning (units) Ending (units) Variable costing net operating income 160 190 $300,000 $279.000 $250.680 The company's fixed manufacturing overhead per unit was...
Required information (The following information applies to the questions displayed below.) Jorgansen Lighting, Inc., manufactures heavy-duty...
Required information (The following information applies to the questions displayed below.) Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year 3 Inventories Beginning (units) Ending (units) Variable costing net operating income 210 160 $300,eee 160 190 $269,000 190 220 $260,000 The company's fixed manufacturing overhead per...
Exercise 18-26B Computing absorption costing income LO P5 A manufacturer reports the information below for three recent years. Variable costing income Beginning finished goods inventory (units) Ending finished goods inventory (units) Fixed manufacturing overhead per unit Year 1 Year 2 Year 3 $115,000 $119,400 $123,950 0 1,450 950 1,450 950 1,050 $ 3.00 $ 3.00 $ 3.00 Compute income for each of the three years using absorption costing. Year 2 Year 3 Year 1 115,000 $ 119,400 $ 123,950 Variable...
Exercise 18-26B Computing absorption costing income LO P5 A manufacturer reports the information below for three recent years. ek Variable costing income Beginning finished goods inventory (units) Ending finished goods inventory (units) Fixed manufacturing overhead per unit Year 1 Year 2 Year 3 $115,000 $119,400 $123,950 0 1,450 950 1,450 950 1,050 $ 3.00 $ 3.00 $ 3.00 at ences Compute income for each of the three years using absorption costing. Year 1 ear 2 Year 3 Variable costing income...
Required information (The following information applies to the questions displayed below.) Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year 3 Inventories Beginning (units) Ending (units) Variable costing net operating income 220 170 200 170 200 230 $ 290,000 $269,000 $260,000 The company's fixed manufacturing overhead...
Required information [The following information applies to the questions displayed below.] Part 1 of 2 Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the following data: 1.66 points Year 1 Year 2 Year 3 Inventories Beginning (units) Ending (units) Variable costing net operating income 210 160 $290,000 160 180 $269,000 180 220 $250,000...
Candle Enterprises provided the below information for this year (its first year of operations). 15 per unit 16 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead Units produced this year Units sold this year Ending finished goods inventory in units 4 per unit $160,000 per year 20,000 units 14,000 units 6,000 units 1. Compute the product cost per unit using variable costing. Cost per unit of finished goods using: Variable costing + Cost...
[The following information applies to the questions displayed below.] Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year 3 Inventories: Beginning (units) Ending (units) Variable costing net operating income 208 167 $297,900 167 185 $276,000 185 235 $251,800 The company's fixed manufacturing overhead per unit was...
Required information [The following information applies to the questions displayed below.) Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year 3 Inventories: Beginning (units) Ending (units) Variable costing net operating income 200 170 $1,080,400 170 180 $1,032,400 180 220 $996,400 The company's fixed manufacturing overhead per...
Required information The following information applies to the questions displayed below.) Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year 3 Inventories Beginning (units) Ending (units) Variable costing net operating income 210 160 $290,000 160 200 $279,000 200 240 $250,000 The company's fixed manufacturing overhead per...
Required information (The following information applies to the questions displayed below.] Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for Internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year 3 220 190 Inventories Beginning (units) Ending (units) Variable costing net operating income 160 190 $300,000 $279.000 $250.680 The company's fixed manufacturing overhead per unit was...
Required information (The following information applies to the questions displayed below.) Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year 3 Inventories Beginning (units) Ending (units) Variable costing net operating income 210 160 $300,eee 160 190 $269,000 190 220 $260,000 The company's fixed manufacturing overhead per...
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