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Sales price Fixed costs: S400 per unit per period $72,000 per period $48,000 Marketing and administrative...
Direct Materials Fixed Manufacturing overhead costs Sales Price Variable Manufacturing overhead Direct labor Fixed marketing and...
Direct Materials Fixed Manufacturing overhead costs Sales Price Variable Manufacturing overhead Direct labor Fixed marketing and administrative costs Units produced and sold Variable marketing and administrative cost $25 per unit $157,000 $85 per unit $14 per unit $22 per unit $112,000 20,000 $7 per unit Calculate the contribution margin.
Direct materials Fixed manufacturing overhead costs Sales price Variable manufacturing overhead Direct labor Fixed marketing and...
Direct materials Fixed manufacturing overhead costs Sales price Variable manufacturing overhead Direct labor Fixed marketing and administrative costs Units produced and sold Variable marketing and administrative costs 35 per unit 225,000 190 per unit 20 per unit 30 per unit $ 185,000 $ 5,000 $ 8 per unit Required: a. Prepare a gross margin income statement. b. Prepare a contribution margin income statement. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a...
Which of the following is true of absorption costing? It expenses marketing costs as cost of...
Which of the following is true of absorption costing? It expenses marketing costs as cost of goods sold. It treats direct manufacturing costs as a period cost. It includes fixed manufacturing overhead as an inventoriable D) It treats indirect manufacturing costs as a period cost. Answer: 17. Which of the following is true of variable costing? A) It expenses administrative costs as cost of goods sold. B) It treats direct manufacturing costs as a product cost. It includes fixed manufacturing...
Direct materials Fixed manufacturing overhead costs Sales price Variable manufacturing overhead Direct labor Fixed marketing and...
Direct materials Fixed manufacturing overhead costs Sales price Variable manufacturing overhead Direct labor Fixed marketing and administrative costs Units produced and sold Variable marketing and administrative costs 35 per unit 215,000 205 per unit 19 per unit 34 per unit $ 205,000 $ 5,000 8 per unit Required: a. Prepare a gross margin income statement. b. Prepare a contribution margin income statement. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a gross...
Which of the following is true of absorption costing? It expenses marketing costs as cost of goods sold. It treats...
Which of the following is true of absorption costing? It expenses marketing costs as cost of goods sold. It treats direct manufacturing costs as a period cost. It includes fixed manufacturing overhead as an inventoriable D) It treats indirect manufacturing costs as a period cost. Answer: 17. Which of the following is true of variable costing? A) It expenses administrative costs as cost of goods sold. B) It treats direct manufacturing costs as a product cost. It includes fixed manufacturing...
product at a level of 12,000 $32 16. The estimated unit costs for a company to...
product at a level of 12,000 $32 16. The estimated unit costs for a company to produce and sell a product at a level units per month are as follows: Cost Item Estimated Unit Cost Direct material Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling expenses Fixed selling expenses What are the estimated variable costs per unit? A. $70 B. $38 C. $67 D. $52 E. $18 17. Laner Company has the following data for the production and...
Intercontinental, Inc., provides you with the following data for its single product: Sales price per unit...
Intercontinental, Inc., provides you with the following data for its single product: Sales price per unit Fixed costs (per month) 52.00 Selling, general, and administrative (SG&A) Manufacturing overhead 1,350,000 2,700,000 Variable costs (per unit) Direct labor Direct materials Manufacturing overhead SG&A 7.00 12.00 10.00 5.00 Number of units produced per month 300,000 units Required Compute the amounts for each of the following assuming that both production levels are within the relevant range. (Do not round intermediate calculations. Round your answers...
Intercontinental, Inc., provides you with the following data for its single product: Sales price per unit...
Intercontinental, Inc., provides you with the following data for its single product: Sales price per unit $ 50.00 Fixed costs (per month): Selling, general, and administrative (SG&A) 900,000 Manufacturing overhead 2,700,000 Variable costs (per unit): Direct labor 8.00 Direct materials 12.00 Manufacturing overhead 10.00 SG&A 4.00 Number of units produced per month 300,000 units Required: Compute the amounts for each of the following assuming that both production levels are within the relevant range. (Do not round intermediate calculations. Round your...
Intercontinental, Inc., provides you with the following data for its single product Sales price per unit...
Intercontinental, Inc., provides you with the following data for its single product Sales price per unit Fixed costs (per month): 50.00 Selling, general, and administrative (SG&A) Manufacturing overhead 900,000 1,800,000 Variable costs (per unit) Direct labor Direct materials Manufacturing overhead 7.00 11.00 10.00 4.00 SG&A Number of units produced per month 300,000 units Required: Compute the amounts for each of the following assuming that both production levels are within the relevant range. (Do not round intermediate calculations. Round your answers...
Intercontinental, Inc., provides you with the following data for its single product: Sales price per unit...
Intercontinental, Inc., provides you with the following data for its single product: Sales price per unit $ 52.00 Fixed costs (per month): Selling, general, and administrative (SG&A) 1,350,000 Manufacturing overhead 2,700,000 Variable costs (per unit): Direct labor 8.00 Direct materials 12.00 Manufacturing overhead 10.00 SG&A 6.00 Number of units produced per month 300,000 units Required: Compute the amounts for each of the following assuming that both production levels are within the relevant range. (Do not round intermediate calculations. Round your...
Direct Materials Fixed Manufacturing overhead costs Sales Price Variable Manufacturing overhead Direct labor Fixed marketing and administrative costs Units produced and sold Variable marketing and administrative cost $25 per unit $157,000 $85 per unit $14 per unit $22 per unit $112,000 20,000 $7 per unit Calculate the contribution margin.
Direct materials Fixed manufacturing overhead costs Sales price Variable manufacturing overhead Direct labor Fixed marketing and administrative costs Units produced and sold Variable marketing and administrative costs 35 per unit 225,000 190 per unit 20 per unit 30 per unit $ 185,000 $ 5,000 $ 8 per unit Required: a. Prepare a gross margin income statement. b. Prepare a contribution margin income statement. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a...
Which of the following is true of absorption costing? It expenses marketing costs as cost of goods sold. It treats direct manufacturing costs as a period cost. It includes fixed manufacturing overhead as an inventoriable D) It treats indirect manufacturing costs as a period cost. Answer: 17. Which of the following is true of variable costing? A) It expenses administrative costs as cost of goods sold. B) It treats direct manufacturing costs as a product cost. It includes fixed manufacturing...
Direct materials Fixed manufacturing overhead costs Sales price Variable manufacturing overhead Direct labor Fixed marketing and administrative costs Units produced and sold Variable marketing and administrative costs 35 per unit 215,000 205 per unit 19 per unit 34 per unit $ 205,000 $ 5,000 8 per unit Required: a. Prepare a gross margin income statement. b. Prepare a contribution margin income statement. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a gross...
Which of the following is true of absorption costing? It expenses marketing costs as cost of goods sold. It treats direct manufacturing costs as a period cost. It includes fixed manufacturing overhead as an inventoriable D) It treats indirect manufacturing costs as a period cost. Answer: 17. Which of the following is true of variable costing? A) It expenses administrative costs as cost of goods sold. B) It treats direct manufacturing costs as a product cost. It includes fixed manufacturing...
product at a level of 12,000 $32 16. The estimated unit costs for a company to produce and sell a product at a level units per month are as follows: Cost Item Estimated Unit Cost Direct material Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling expenses Fixed selling expenses What are the estimated variable costs per unit? A. $70 B. $38 C. $67 D. $52 E. $18 17. Laner Company has the following data for the production and...
Intercontinental, Inc., provides you with the following data for its single product: Sales price per unit Fixed costs (per month) 52.00 Selling, general, and administrative (SG&A) Manufacturing overhead 1,350,000 2,700,000 Variable costs (per unit) Direct labor Direct materials Manufacturing overhead SG&A 7.00 12.00 10.00 5.00 Number of units produced per month 300,000 units Required Compute the amounts for each of the following assuming that both production levels are within the relevant range. (Do not round intermediate calculations. Round your answers...
Intercontinental, Inc., provides you with the following data for its single product Sales price per unit Fixed costs (per month): 50.00 Selling, general, and administrative (SG&A) Manufacturing overhead 900,000 1,800,000 Variable costs (per unit) Direct labor Direct materials Manufacturing overhead 7.00 11.00 10.00 4.00 SG&A Number of units produced per month 300,000 units Required: Compute the amounts for each of the following assuming that both production levels are within the relevant range. (Do not round intermediate calculations. Round your answers...
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