Homework Answers
Answer : 56.50
Average cost of producing each pair
= Direct materials + direct labour + manufacturing overhead/ total units produced
= (30,400 + 24,900 + 35,100)/1,600
= 56.50
Note:
Average cost of production
= total cost of production/ units produced
Cost of production includes direct materials, direct labour and manufacturing overhead.
Operating expenses does not comes under cost of production.
Add Answer to:
Playltloud is in its first month of operations manufacturing headphones. In the first month, Playıtloud incurred...
Hi Fi Jams is in its first month of operations manufacturing bluetooth speakers. In the first...
Hi Fi Jams is in its first month of operations manufacturing bluetooth speakers. In the first month, Hi Fi Jams incurred the following costs. Direct Materials 30,400 Direct Labor 24,900 Manufacturing Overhead 35,100 Operating Expenses 22,000 In that month, Hi Fi Jams produced 800 units. What is the average cost of producing each speaker? (Answer is rounded to nearest penny). 38.00 140.5 43.88 113.00
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the...
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: $77,000 $39,000 $18,200 30,400 $48,600 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Variable selling expense Fixed selling expense Total selling expense Variable administrative expense Fixed administrative expense Total administrative expense $13,600 21,200 $34,800 $ 4,800 26,600 $31,400 Required: 1. With respect to cost classifications for preparing financial statements: a. What is...
During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials,...
During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $5 per unit, Direct labor, $3 per unit, Variable overhead, $4 per unit, and Fixed overhead, $290,000. The company produced 29,000 units, and sold 19,500 units, leaving 9,500 units in inventory at year-end. What is the value of ending inventory under absorption costing?
During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials,...
During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $4 per unit, Direct labor, $3 per unit, Variable overhead, $3 per unit, and Fixed overhead, $342,000. The company produced 38,000 units, and sold 29,500 units, leaving 8,500 units in inventory at year-end. What is the value of ending inventory under absorption costing?
During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials,...
During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $7 per unit, Direct labor, $5 per unit, Variable overhead, $6 per unit, and Fixed overhead, $270,000. The company produced 27,000 units, and sold 18,500 units, leaving 8,500 units in inventory at year-end. Income calculated under variable costing is determined to be $355,000. How much income is reported under absorption costing?
During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct Materials,...
During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct Materials, $7 per unitto be $335,, Direct labor $5 per unit, Variable overhead $6 per unit and fixed overhead, $253,000. The company produced 23000 units and sold 16,500 units leaving 6,500 in inventory at year end. Income calculated under variable costing is determined to be $335,000. How much income is reported under absorption costing?
During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials,...
During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $5 per unit, Direct labor, $2 per unit, Variable overhead, $4 per unit, and Fixed overhead, $390,000. The company produced 39,000 units, and sold 30,000 units, leaving 9,000 units in inventory at year-end. Income calculated under variable costing is determined to be $415,000. How much income is reported under absorption costing? Multiple Choice $415,000 $325,000 $805,000 $505,000
During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials,...
During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $5 per unit, Direct labor, $2 per unit, Variable overhead, $4 per unit, and Fixed overhead, $324,000. The company produced 36,000 units, and sold 28,500 units, leaving 7,500 units in inventory at year-end. Income calculated under variable costing is determined to be $400,000. How much income is reported under absorption costing? Multiple Choice $400,000 $332,500 $724,000 $467,500
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the...
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: $ 79,000 $ 40,000 $ 19,000 31,000 $ 50,000 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Variable selling expense Fixed selling expense Total selling expense Variable administrative expense Pixed administrative expense Total administrative expense $ 14,000 22,000 $ 36,000 $ 5,000 27,000 $ 32,000 Required: 1. With respect to cost classifications...
Dunn Company produced 500 units during its first month of operations and reported the following costs:...
Dunn Company produced 500 units during its first month of operations and reported the following costs: Direct labor $40,000 Direct materials $65,000 Fixed administrative expense $62,000 Fixed manufacturing overhead $30,000 Fixed selling expenses $44,000 Variable administrative expense $12,000 Variable manufacturing overhead $15,000 Variable selling expense $13,000 What is the amount of Dunn's period costs? a. $145,000 b. $136,000 c. $131,000 d. $150,000 Dunn Company produced 500 units during its first month of operations and reported the following costs: Direct labor...
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: $77,000 $39,000 $18,200 30,400 $48,600 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Variable selling expense Fixed selling expense Total selling expense Variable administrative expense Fixed administrative expense Total administrative expense $13,600 21,200 $34,800 $ 4,800 26,600 $31,400 Required: 1. With respect to cost classifications for preparing financial statements: a. What is...
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: $ 79,000 $ 40,000 $ 19,000 31,000 $ 50,000 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Variable selling expense Fixed selling expense Total selling expense Variable administrative expense Pixed administrative expense Total administrative expense $ 14,000 22,000 $ 36,000 $ 5,000 27,000 $ 32,000 Required: 1. With respect to cost classifications...
Dunn Company produced 500 units during its first month of operations and reported the following costs: Direct labor $40,000 Direct materials $65,000 Fixed administrative expense $62,000 Fixed manufacturing overhead $30,000 Fixed selling expenses $44,000 Variable administrative expense $12,000 Variable manufacturing overhead $15,000 Variable selling expense $13,000 What is the amount of Dunn's period costs? a. $145,000 b. $136,000 c. $131,000 d. $150,000 Dunn Company produced 500 units during its first month of operations and reported the following costs: Direct labor...
Most questions answered within 3 hours.
-
Calculate the pH of each of the following solutions.
0.50 M HBr
3.1×10−4 M KOH
4.2×10−5...
asked 1 hour ago -
For the year ended December 31, Depot Max’s cost of merchandise
sold was $85,600. Inventory at the...
asked 1 hour ago -
Week 10 - Professional Memo Assignment
Professional Memo Assignment
Your mission for this week, should you...
asked 1 hour ago -
Write a Python program that stores the data for each
player on the team, and it...
asked 2 hours ago -
In
the last 3 months, mike never knows when he is going to get his
allowance...
asked 2 hours ago -
Is Ca(OH)2 a Bronsted base, Lewis base, or both? Why?
asked 2 hours ago -
1A- Why don’t voters complain about U.S. tariffs on imported
sugar?
Because sugar is only a...
asked 2 hours ago -
Cash Payback Period
Primera Banco is evaluating two capital investment proposals for
a drive-up ATM kiosk,...
asked 2 hours ago -
Create a button in Swift (Xcode) that will create a charge,
create a charge using Stripe's...
asked 2 hours ago -
The reaction rate of CO and NO2 in the reaction
CO(g) + NO2(g) → CO2(g) +...
asked 2 hours ago -
Imagine that a chemist puts 6.40 mol each of
C3H8 and O2 in a 1.00-L container...
asked 2 hours ago -
How much money should be invested today in order to have $8340
at the end of...
asked 2 hours ago