Homework Answers
| Part a | Caclulation of Variable manufacturing cost per unit | |
| Direct material cost per unit | $ 170 | |
| Direct labor cost per unit | $ 120 | |
| Variable Manufacturing overhead cost per unit | $ 34 | |
| Variable manufacturing cost per unit | $ 324 | |
| Part b | Caclulation of Variable cost per unit | |
| Direct material cost per unit | $ 170 | |
| Direct labor cost per unit | $ 120 | |
| Variable Manufacturing overhead cost per unit | $ 34 | |
| Variable Marketing and administrative cost per unit | $ 26 | |
| Variable cost per unit | $ 350 | |
| Part c | Caclulation of Full absorption cost per unit | |
| Direct material cost per unit | $ 170 | |
| Direct labor cost per unit | $ 120 | |
| Variable Manufacturing overhead cost per unit | $ 34 | |
| Fixed Manufacturing overhead cost per unit($165,600/2400 units) | $ 69 | |
| Full absorption cost per unit | $ 393 | |
| Part d | Caclulation of Full cost per unit | |
| Direct material cost per unit | $ 170 | |
| Direct labor cost per unit | $ 120 | |
| Variable Manufacturing overhead cost per unit | $ 34 | |
| Fixed Manufacturing overhead cost per unit($165,600/2400 units) | $ 69 | |
| Variable Marketing and administrative cost per unit | $ 26 | |
| Fixed Marketing and administrative cost per unit($105,600/2400 units) | $ 44 | |
| Full cost per unit | $ 463 | |
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Required Information [The following information applies to the questions displayed below.) Madrid Corporation has compiled the...
Question 1: Question 2: Required information [The following information applies to the questions displayed below.) Madrid...
Question 1:
Question 2:
Required information [The following information applies to the questions displayed below.) Madrid Corporation has compiled the following information from the accounting system for the one product it sells. $ 630 per unit $ 140,400 $ 164,700 Sales price Fixed costs (for the month) Marketing and administrative Manufacturing overhead Variable costs (per unit) Marketing and administrative Direct materials Manufacturing overhead Direct labor Units produced and sold (for the month) $ 26 $ 180 $ 26 110 2,700...
Required information [The following information applies to the questions displayed below.) Cool Sky reports the following...
Required information [The following information applies to the questions displayed below.) Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 44,000 units and sold 36,000 units at a price of $110 per unit. Manufacturing costs Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead for the year Selling and administrative costs Variable selling and administrative cost per unit Fixed selling and...
Required information [The following information applies to the questions displayed below.) Cool Sky reports the following...
Required information [The following information applies to the questions displayed below.) Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 44,000 units and sold 36,000 units at a price of $110 per unit. Manufacturing costs Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead for the year Selling and administrative costs Variable selling and administrative cost per unit Fixed selling and...
Required information [The following information applies to the questions displayed below.) Cool Sky reports the following...
Required information [The following information applies to the questions displayed below.) Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 46,000 units and sold 38,000 units at a price of $110 per unit. Manufacturing costs Direct materials per unit $ 42 Direct labor per unit $ 16 Variable overhead per unit $ 5 Fixed overhead for the year $414,000 Selling and administrative costs Variable selling and...
Required information [The following information applies to the questions displayed below.] Cool Sky reports the following...
Required information
[The following information applies to the questions
displayed below.]
Cool Sky reports the following costing data on its product for
its first year of operations. During this first year, the company
produced 40,000 units and sold 32,000 units at a price of $110 per
unit.
Manufacturing costs
Direct materials per unit
$
42
Direct labor per unit
$
16
Variable overhead per unit
$
5
Fixed overhead for the year
$
360,000
Selling and administrative costs
Variable...
Required information [The following information applies to the questions displayed below.] Cool Sky reports the following...
Required information [The following information applies to the questions displayed below.] Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 44,000 units and sold 36,000 units at a price of $120 per unit. $ A 48 18 A A Manufacturing costs Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead for the year Selling and administrative costs Variable selling and administrative...
Required information [The following information applies to the questions displayed below.) Cool Sky reports the following...
Required information [The following information applies to the questions displayed below.) Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 44,000 units and sold 36,000 units at a price of $140 per unit. Manufacturing costs Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead for the year Selling and administrative costs Variable selling and administrative cost per unit Pixed selling and...
of 4 Required information (The following information applies to the questions displayed below.) Cool Sky reports...
of 4 Required information (The following information applies to the questions displayed below.) Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 44,000 units and sold 36,000 units at a price of $140 per unit. Manufacturing costs Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead for the year Selling and administrative costs Variable selling and administrative cost per unit Fixed...
Required information The following information applies to the questions displayed below.) Diego Company manufactures one product...
Required information The following information applies to the questions displayed below.) Diego Company manufactures one product that is sold for $73 per unit. The following information pertains to the company's first year of operations in which it produced 44,000 units and sold 39,000 units. Variable costs per unit: Manufacturing: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses $748,000 $400,000 7. What is the amount of...
Required information The following information applies to the questions displayed below) Oak Mart, a producer of...
Required information The following information applies to the questions displayed below) Oak Mart, a producer of solid oak tables, reports the following data from its second year of business $ 310 per unit 110,000 units 114,000 units 4,000 units $ 520,000 200,00 $800,000 Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (4,000 units * $130) Fixed (4,000 units X $70) Total Manufacturing costs this year Direct materials Direct...
Question 1:
Question 2:
Required information [The following information applies to the questions displayed below.) Madrid Corporation has compiled the following information from the accounting system for the one product it sells. $ 630 per unit $ 140,400 $ 164,700 Sales price Fixed costs (for the month) Marketing and administrative Manufacturing overhead Variable costs (per unit) Marketing and administrative Direct materials Manufacturing overhead Direct labor Units produced and sold (for the month) $ 26 $ 180 $ 26 110 2,700...
Required information [The following information applies to the questions displayed below.) Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 44,000 units and sold 36,000 units at a price of $110 per unit. Manufacturing costs Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead for the year Selling and administrative costs Variable selling and administrative cost per unit Fixed selling and...
Required information [The following information applies to the questions displayed below.) Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 44,000 units and sold 36,000 units at a price of $110 per unit. Manufacturing costs Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead for the year Selling and administrative costs Variable selling and administrative cost per unit Fixed selling and...
Required information [The following information applies to the questions displayed below.) Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 46,000 units and sold 38,000 units at a price of $110 per unit. Manufacturing costs Direct materials per unit $ 42 Direct labor per unit $ 16 Variable overhead per unit $ 5 Fixed overhead for the year $414,000 Selling and administrative costs Variable selling and...
Required information
[The following information applies to the questions
displayed below.]
Cool Sky reports the following costing data on its product for
its first year of operations. During this first year, the company
produced 40,000 units and sold 32,000 units at a price of $110 per
unit.
Manufacturing costs
Direct materials per unit
$
42
Direct labor per unit
$
16
Variable overhead per unit
$
5
Fixed overhead for the year
$
360,000
Selling and administrative costs
Variable...
Required information [The following information applies to the questions displayed below.] Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 44,000 units and sold 36,000 units at a price of $120 per unit. $ A 48 18 A A Manufacturing costs Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead for the year Selling and administrative costs Variable selling and administrative...
Required information [The following information applies to the questions displayed below.) Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 44,000 units and sold 36,000 units at a price of $140 per unit. Manufacturing costs Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead for the year Selling and administrative costs Variable selling and administrative cost per unit Pixed selling and...
of 4 Required information (The following information applies to the questions displayed below.) Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 44,000 units and sold 36,000 units at a price of $140 per unit. Manufacturing costs Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead for the year Selling and administrative costs Variable selling and administrative cost per unit Fixed...
Required information The following information applies to the questions displayed below.) Diego Company manufactures one product that is sold for $73 per unit. The following information pertains to the company's first year of operations in which it produced 44,000 units and sold 39,000 units. Variable costs per unit: Manufacturing: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses $748,000 $400,000 7. What is the amount of...
Required information The following information applies to the questions displayed below) Oak Mart, a producer of solid oak tables, reports the following data from its second year of business $ 310 per unit 110,000 units 114,000 units 4,000 units $ 520,000 200,00 $800,000 Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (4,000 units * $130) Fixed (4,000 units X $70) Total Manufacturing costs this year Direct materials Direct...
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