Homework Answers
19.
| Acutal Fixed manufacturing OH (4.2*100,000 | 420,000 |
| Applied Fixed manufacturing OH (4.2*90,000) | 378,000 |
| Underapplied Fixed manufacturing OH | 42,000 |
Option (d) P42,000 over and P0
20.
| Sales (97500*50) | 4,875,000 |
| COGS (97500*33.7) | 3,285,750 |
| Gross margin | 1,589,250 |
| Selling cost | 348,000 |
| Unadjusted net income | 1,241,250 |
| Less: Adjustment to COGS | 42,000 |
| Adjusted net income | 1,199,250 |
Option (a) P1,199,250
Add Answer to:
Shell Corporation manufactures bottled vinegar. Data pertaining to the company's 2017 operations follow: Actual price and...
Sims Company, a manufacturer of tablet computers, began operations on January 1, 2017. Its cost and...
Sims Company, a manufacturer of tablet computers, began operations on January 1, 2017. Its cost and sales information for this year follows. $40 per unit $60 per unit $3,000,000 $7,000,000 Manufacturing costs Direct materials Direct labor. Overhead costs for the year Variable overhead Fixed overhead ... Selling and administrative costs for the year Variable. Fixed Production and sales for the year Units produced Units sold ... Sales price per unit $770,000 $4,250,000 100,000 units 70,000 units $350 per unit 1....
Crystal Clear Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating...
Crystal Clear Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January, February, and March 2017 are as follows: The selling price per unit is $3,600. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 1,100 units. There are no price, efficiency, or spending variances. Any production-volume variance is written off to cost of goods sold in the month in which it occurs. January February March 0...
White Water Rafting Company manufactures kayaks, which sell for $565 each. The variable costs of production...
White Water Rafting Company manufactures kayaks, which sell for $565 each. The variable costs of production (per unit) are as follows: Direct Material $ 200 Direct labor 110 Variable manufacturing overhead 80 Budgeted fixed overhead in 20x1 was $400,000 and budgeted production was 50,000 kayaks. The year’s actual production was 50,000 units, of which 47,000 were sold. Variable selling and administrative costs were $5 per unit sold; fixed selling and administrative costs were $75,000. Required: 1. Calculate the product cost...
Please show all calculations. White Water Rafting Company manufactures kayaks, which sell for $565 each. The...
Please show all calculations.
White Water Rafting Company manufactures kayaks, which sell for $565 each. The variable costs of production (per unit) are as follows: Direct Material $ 200 Direct labor 110 Variable manufacturing overhead 80 Budgeted fixed overhead in 20x1 was $400,000 and budgeted production was 50,000 kayaks. The year's actual production was 50,000 units, of which 47,000 were sold. Variable selling and administrative costs were $5 per unit sold; fixed selling and administrative costs were $75,000. Required: 1....
Sims Company, a manufacturer of tablet computers, began operations on January 1, 2017. Its cost and...
Sims Company, a manufacturer of tablet computers, began operations on January 1, 2017. Its cost and sales information for this year follows. 40 per unit 60 per unit Manufacturing costs Direct materials Direct labor Overhead costs for the year Variable overhead Pixed overhead Selling and administrative costs for the year Variable Fixed Production and sales for the year Units produced Units sold Sales price per unit $2,100,000 $8,400,000 $ 725,000 $4,250,000 105,000 units 75,000 unita 350 per unit 1. Prepare...
Horace Company manufacturers a professional-grade vacuum cleaner and began operations in 2017. For 2017, Horace budgeted...
Horace Company manufacturers a professional-grade vacuum cleaner and began operations in 2017. For 2017, Horace budgeted to produce and sell 25,000 units. The company had no price, spending, or efficiency variances and writes off production-volume variance to cost of goods sold. Actual data for 2017 are given as follows: Data: Units produced 21,000 Units sold 18,500 Selling price $432 Variable cost: Manufacturing cost per unit produced: Direct materials $33 Direct manufacturing labor $23 Manufacturing Overhead $62 Marketing cost per unit...
TV Plus Corporation manufacturers and sells 50-inch television sets and uses standard costing. Actual data relating...
TV Plus Corporation manufacturers and sells 50-inch
television sets and uses standard costing. Actual data relating to
January, February, and March 2017 are attached.
The selling price per unit is $2,200. The budgeted
level of production used to calculate the budgeted fixed
manufacturing cost per unit is 1,500 units. There are no price,
efficiency, or spending variances. Any production-volume variance
is written off to cost if goods sold in the month in which it
occurs.
1. Prepare income statements for...
Accelerate Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April...
Accelerate Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May 2017 are as follows: E: (Click the icon to view the data.) The selling price per vehicle is $28,000. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 600 units. There are no price, efficiency, or spending variances. Any production-volume variance is written off to cost of goods sold in the month in which it...
QUESTION 1 (25 MARKS) Tayar Rambo Bhd manufactures a single product, a tyre, which the selling...
QUESTION 1 (25 MARKS) Tayar Rambo Bhd manufactures a single product, a tyre, which the selling price is RM285 each. Budgeted fixed overhead was RM690,000 and budgeted production was 30,000 units. The company's actual production for the year was 30,000 units, of which 27,000 units were sold. The variable costs of production were as follows: Direct material Direct labor Variable manufacturing overhead RM 105 48 30 Variable selling and administrative costs were RM20 per unit sold; fixed selling and administrative...
Linden Company manufactures and sells a single product. Cost data for the product follow: Variable costs...
Linden Company manufactures and sells a single product. Cost data for the product follow: Variable costs per unit: Direct materials Direct labor Variable factory overhead Variable selling and administrative Total variable costs per unit $19 108,000 Fixed costs per month: Fixed manufacturing overhead Fixed selling and administrative 175,000 Total fixed cost per month 283,000 The product sells for $50 per unit. Production and sales data for May and June, the first two months of operations, are as follows: Units Produced...
Sims Company, a manufacturer of tablet computers, began operations on January 1, 2017. Its cost and sales information for this year follows. $40 per unit $60 per unit $3,000,000 $7,000,000 Manufacturing costs Direct materials Direct labor. Overhead costs for the year Variable overhead Fixed overhead ... Selling and administrative costs for the year Variable. Fixed Production and sales for the year Units produced Units sold ... Sales price per unit $770,000 $4,250,000 100,000 units 70,000 units $350 per unit 1....
Crystal Clear Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January, February, and March 2017 are as follows: The selling price per unit is $3,600. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 1,100 units. There are no price, efficiency, or spending variances. Any production-volume variance is written off to cost of goods sold in the month in which it occurs. January February March 0...
Please show all calculations.
White Water Rafting Company manufactures kayaks, which sell for $565 each. The variable costs of production (per unit) are as follows: Direct Material $ 200 Direct labor 110 Variable manufacturing overhead 80 Budgeted fixed overhead in 20x1 was $400,000 and budgeted production was 50,000 kayaks. The year's actual production was 50,000 units, of which 47,000 were sold. Variable selling and administrative costs were $5 per unit sold; fixed selling and administrative costs were $75,000. Required: 1....
Sims Company, a manufacturer of tablet computers, began operations on January 1, 2017. Its cost and sales information for this year follows. 40 per unit 60 per unit Manufacturing costs Direct materials Direct labor Overhead costs for the year Variable overhead Pixed overhead Selling and administrative costs for the year Variable Fixed Production and sales for the year Units produced Units sold Sales price per unit $2,100,000 $8,400,000 $ 725,000 $4,250,000 105,000 units 75,000 unita 350 per unit 1. Prepare...
TV Plus Corporation manufacturers and sells 50-inch
television sets and uses standard costing. Actual data relating to
January, February, and March 2017 are attached.
The selling price per unit is $2,200. The budgeted
level of production used to calculate the budgeted fixed
manufacturing cost per unit is 1,500 units. There are no price,
efficiency, or spending variances. Any production-volume variance
is written off to cost if goods sold in the month in which it
occurs.
1. Prepare income statements for...
Accelerate Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May 2017 are as follows: E: (Click the icon to view the data.) The selling price per vehicle is $28,000. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 600 units. There are no price, efficiency, or spending variances. Any production-volume variance is written off to cost of goods sold in the month in which it...
QUESTION 1 (25 MARKS) Tayar Rambo Bhd manufactures a single product, a tyre, which the selling price is RM285 each. Budgeted fixed overhead was RM690,000 and budgeted production was 30,000 units. The company's actual production for the year was 30,000 units, of which 27,000 units were sold. The variable costs of production were as follows: Direct material Direct labor Variable manufacturing overhead RM 105 48 30 Variable selling and administrative costs were RM20 per unit sold; fixed selling and administrative...
Linden Company manufactures and sells a single product. Cost data for the product follow: Variable costs per unit: Direct materials Direct labor Variable factory overhead Variable selling and administrative Total variable costs per unit $19 108,000 Fixed costs per month: Fixed manufacturing overhead Fixed selling and administrative 175,000 Total fixed cost per month 283,000 The product sells for $50 per unit. Production and sales data for May and June, the first two months of operations, are as follows: Units Produced...
Most questions answered within 3 hours.
-
You are one of the first engineers hired into the
manufacturing engineering department at a brand...
asked 6 minutes ago -
Suppose car models A, B, and C are popular among drivers.
Suppose 12% of the drivers...
asked 23 minutes ago -
write a program that finds the number of zeros in an 8-bit data
item using assembly...
asked 24 minutes ago -
Which statement is always true: The total energy of a closed
system...
A) is always equally...
asked 38 minutes ago -
find the critical value associated with a right sided hypothesis of
the mean using a sample...
asked 2 hours ago -
Which of the following statements is true with respect to a
simple linear regression model?
a....
asked 3 hours ago -
The energy required to remove an electron from a surface of a
solid element is called...
asked 4 hours ago -
How would you train your employees to avoid risks of using
mobile devices?
asked 5 hours ago -
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 6 hours ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 6 hours ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 7 hours ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 8 hours ago