Question

question 3

Beamish Inc., which produces a single product, has provided the following 3 data for its most recent month of operations: 6,400 $ $ $ 60 54 4 Number of units produced Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $ 17 $236,800 $492,800

also part of the question3

question 4

Answer 1

Answer :- Cost per Unit as per absorption = $155 Per Unit (Working attached)

Particulars Direct Material Direct Labor Variable Manufacturing Overhead Fixed Manufacturing Overhead Total Cost Production Cost Per Unit Unit Product Cost Under Absorption Costing Amount ($) 3,84,000.00 3,45,600.00 25,600.00 2,36,800.00 9,92,000.00 6,400.00 155.00

Answer :- Gross Profit = $77,810 (Working attached)

Income Statement (Absorption Costing) Amount ($) 147.00 2,510.00 3,68,970.00 Particulars Selling Price Per Unit Units Sold Sales Revenue Less :- Cost of goods sold Opening Inventory Add :- Cost of goods manufactured Less - Closing Inventory Gross Profit 3,31,760.00 -40,600.00 77,810.00

Particulars Direct Material Direct Labor Variable Manufacturing Overhead Fixed Manufacturing Overhead Total Cost Production Cost Per Unit Unit Product Cost Under Absorption Costing Amount ($) 1,40,140.00 65,780.00 31,460.00 94,380.00 3,31,760.00 2,860.00 116.00