Solution
Fixed manufacturing overheads included in ending inventory in Absorbtion costing (275 x 15) | $ 4,125.00 |
.
Ida Sidha Karya Company | ||
Variable costing income statement | ||
Sales | $ 220,500.00 | |
Variable Cost | ||
Variable cost of Goods Sold | $ 120,375.00 | |
Variable Selling & administrative | $ 4,500.00 | |
Total variable cost | $ 124,875.00 | |
Contribution margin | $ 95,625.00 | |
Fixed Costs: | ||
Fixed Cost of Goods Sold | $ 66,000.00 | |
Fixed Selling & Administrative | $ 28,000.00 | |
Total Fixed Cost | $ 94,000.00 | |
Net Income | $ 1,625.00 |
Working
Fixed manufacturing overheads | $ 66,000.00 |
Units produced | 240 |
Fixed manufacturing overheads per unit (66000/240) | $ 275 |
Fixed manufacturing overheads included in ending inventory in Absorbtion costing (275 x 15) | $ 4,125.00 |
Fixed manufacturing overheads included in Cost of goods sold in Absorbtion costing (275 x 225) | $ 61,875.00 |
Ida Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia....
2. Ida Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $860. Selected data for the company’s operations last year follow: 1. Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. Prepare an income statement for last year using...
Ida Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $985. Selected data for the company's operations last year follow: 1.66 points 0 20,000 17,000 3,000 eBook 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...
2 Ida Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $980. Selected data for the company's operations last year follow 240 225 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:...
Ida Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $950. Selected data for the company's operations last year follow: 230 20 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...
Ida Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $950. Selected data for the company’s operations last year follow: Units in beginning inventory 0 Units produced 250 Units sold 230 Units in ending inventory 20 Variable costs per unit: Direct materials $ 125 Direct labor $ 335 Variable manufacturing overhead $...
Ida Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $960. Selected data for the company's operations last year follow: 230 200 30 Unit: in beginning inventory Units produced Units sold Units in ending inventory Variable conto per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs:...
Ida Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $920. Selected data for the company’s operations last year follow: Units in beginning inventory 0 Units produced 275 Units sold 260 Units in ending inventory 15 Variable costs per unit: Direct materials $ 110 Direct labor $ 320 Variable manufacturing overhead $...
Ida Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $950. Selected data for the company's operations last year follow: 230 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...
Ida Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $970. Selected data for the company’s operations last year follow: Units in beginning inventory 0 Units produced 200 Units sold 180 Units in ending inventory 20 Variable costs per unit: Direct materials $ 130 Direct labor $ 300 Variable manufacturing overhead $...
Ida Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $920. Selected data for the company’s operations last year follow: Units in beginning inventory 0 Units produced 275 Units sold 260 Units in ending inventory 15 Variable costs per unit: Direct materials $ 110 Direct labor $ 320 Variable manufacturing overhead $...