The above answers so far are
correct, please help with the rest. thanks ahead!
Homework Answers
Product cost per unit = Direct Materials 133 + Direct Labor 56 + Variable moh 26 + Fixed manufacturing overhead (183,600/3,400) = 269 per unit
Net operating income (loss)
= (3000*310) - (3000*269) - (3,000*5 + 108,000)
= 0
Comment if you face any issues
Add Answer to:
The above answers so far are
correct, please help with the rest. thanks ahead!
2. Change...
2. Change all of the numbers in the data area of your worksheet so that it...
2. Change all of the numbers in the data area of your worksheet so that it looks like this: A B с 1 Chapter 6: Applying Excel 2 3 4 $ 310 5 6 $ 133 7 Data Selling price per unit Manufacturing costs: Variable per unit produced: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year Selling and administrative expenses: Variable per unit sold Fixed per year $ 56 8 $ 26 9 $ 183,600 10...
Please help! This is all one question. Required information B с A Chapter 6: Applying Excel...
Please help! This is all one question.
Required information B с A Chapter 6: Applying Excel 1 2 $ 309 $ 153 $ 55 3 Data 4 Selling price per unit 5 Manufacturing costs: 6 Variable per unit produced: 7 Direct materials 8 Direct labor 9 Variable manufacturing overhead 10 Fixed manufacturing overhead per year 11 Selling and administrative expenses: 12 Variable per unit sold 13 Fixed per year 14 $ 37 $ 110,000 $ 9 $ 47,000 15 Year...
Required information B с A Chapter 6: Applying Excel 1 2 $ 309 $ 153 $...
Required information B с A Chapter 6: Applying Excel 1 2 $ 309 $ 153 $ 55 3 Data 4 Selling price per unit 5 Manufacturing costs: 6 Variable per unit produced: 7 Direct materials 8 Direct labor 9 Variable manufacturing overhead 10 Fixed manufacturing overhead per year 11 Selling and administrative expenses: 12 Variable per unit sold 13 Fixed per year 14 $ 37 $ 110,000 $ 9 $ 47,000 15 Year 1 Year 2 16 Units in beginning...
(e) The net operating income (loss) under absorption costing is less than the net operating income...
(e) The net operating income (loss) under absorption costing is
less than the net operating income (loss) under variable costing in
Year 2 because: (You may select more than one answer.
Single-click the box with the question mark to produce a checkmark
for a correct answer and double click the box with the question
mark to empty the box for a wrong answer. Any boxes left with a
question mark will be automatically graded as
incorrect.)
Units were left over...
(e) The net operating income (loss) under absorption costing is less than the net operating income...
(e)
The net operating income (loss) under absorption costing is less
than the net operating income (loss) under variable costing in Year
2 because (Select all that apply.):
3.
Make a note of the absorption costing net operating income
(loss) in Year 2.
At the end of Year 1, the company’s board of directors set a
target for Year 2 of net operating income of $70,000 under
absorption costing. If this target is met, a hefty bonus would...
A) What is the net operating income (loss) in Year 2 under absorption costing? B) At...
A) What is the net operating income (loss) in Year 2
under absorption costing?
B) At the end of Year 1, the company’s board of
directors set a target for Year 2 of net operating income of
$20,000 under absorption costing. If this target is met, a hefty
bonus would be paid to the CEO of the company. Keeping everything
else the same from above, change the units produced in Year 2 to
4,400 units.
What is the net operating...
please help me complete the rest of these problems. what is there is right so far....
please help me complete the rest of these problems. what is
there is right so far.
Ch 19 Homework Saved 4 Required information Exercise 19-9 Income statement under absorption costing and varlable costing LO P1, P2 The following information applies to the questions displayed below] Part 4 of 4 Cool Sky reports the following costing data on ts product for its first year of operations. Durng this first year, the company produced 44,000 units and sold 36.000 units at a...
find net operating income (loss) for year 1 under absorption costing find net operating income (loss)...
find net operating income (loss) for year 1 under absorption
costing
find net operating income (loss) for year 2 under absorption
costing
find net operating income (loss) for year 1 under variable
costing
find net operating income (loss) for year 2 under variable
costing
area of your worksheet so that it А B с Chapter 6: Applying Excel Data $ 344 $ 146 Selling price per unit Manufacturing costs: Variable per unit produced: Direct materials Direct labor Variable manufacturing overhead...
A Company manufactures one product that is sold for $79 per unit. The following information pertains to the company...
A Company manufactures one product that is sold for $79 per unit. The following information pertains to the company's first year of operations in which I produced 50,000 units and sold 45,000 units. Variable costs per unit: Manufacturing Direct materials $ 29 Direct labour 16 Variable manufacturing overhead 2 Variable selling and administrative 4 Fixed costs per year: Fixed manufacturing overhead 800,000 Fixed selling and administrative expenses $ 516,000 1. What is the company's total contribution margin under variable costing?...
Please help with how to solve this problem: During Heaton Company's first two years of operations,...
Please help with how to solve this problem:
During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Sales @ $61 per unit) Cost of goods sold (@ $32 per unit) Gross margin Selling and administrative expenses Net operating income Year 1 $ 1,220,000 640,000 580,000 305,000 275,000 Year 2 $ 1,830,000 960,000 870,000 335,000 $ 535,000 *$3 per unit variable: $245,000 fixed each year. The company's $32 unit product cost is computed...
2. Change all of the numbers in the data area of your worksheet so that it looks like this: A B с 1 Chapter 6: Applying Excel 2 3 4 $ 310 5 6 $ 133 7 Data Selling price per unit Manufacturing costs: Variable per unit produced: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year Selling and administrative expenses: Variable per unit sold Fixed per year $ 56 8 $ 26 9 $ 183,600 10...
Please help! This is all one question.
Required information B с A Chapter 6: Applying Excel 1 2 $ 309 $ 153 $ 55 3 Data 4 Selling price per unit 5 Manufacturing costs: 6 Variable per unit produced: 7 Direct materials 8 Direct labor 9 Variable manufacturing overhead 10 Fixed manufacturing overhead per year 11 Selling and administrative expenses: 12 Variable per unit sold 13 Fixed per year 14 $ 37 $ 110,000 $ 9 $ 47,000 15 Year...
Required information B с A Chapter 6: Applying Excel 1 2 $ 309 $ 153 $ 55 3 Data 4 Selling price per unit 5 Manufacturing costs: 6 Variable per unit produced: 7 Direct materials 8 Direct labor 9 Variable manufacturing overhead 10 Fixed manufacturing overhead per year 11 Selling and administrative expenses: 12 Variable per unit sold 13 Fixed per year 14 $ 37 $ 110,000 $ 9 $ 47,000 15 Year 1 Year 2 16 Units in beginning...
(e) The net operating income (loss) under absorption costing is
less than the net operating income (loss) under variable costing in
Year 2 because: (You may select more than one answer.
Single-click the box with the question mark to produce a checkmark
for a correct answer and double click the box with the question
mark to empty the box for a wrong answer. Any boxes left with a
question mark will be automatically graded as
incorrect.)
Units were left over...
(e)
The net operating income (loss) under absorption costing is less
than the net operating income (loss) under variable costing in Year
2 because (Select all that apply.):
3.
Make a note of the absorption costing net operating income
(loss) in Year 2.
At the end of Year 1, the company’s board of directors set a
target for Year 2 of net operating income of $70,000 under
absorption costing. If this target is met, a hefty bonus would...
A) What is the net operating income (loss) in Year 2
under absorption costing?
B) At the end of Year 1, the company’s board of
directors set a target for Year 2 of net operating income of
$20,000 under absorption costing. If this target is met, a hefty
bonus would be paid to the CEO of the company. Keeping everything
else the same from above, change the units produced in Year 2 to
4,400 units.
What is the net operating...
please help me complete the rest of these problems. what is
there is right so far.
Ch 19 Homework Saved 4 Required information Exercise 19-9 Income statement under absorption costing and varlable costing LO P1, P2 The following information applies to the questions displayed below] Part 4 of 4 Cool Sky reports the following costing data on ts product for its first year of operations. Durng this first year, the company produced 44,000 units and sold 36.000 units at a...
find net operating income (loss) for year 1 under absorption
costing
find net operating income (loss) for year 2 under absorption
costing
find net operating income (loss) for year 1 under variable
costing
find net operating income (loss) for year 2 under variable
costing
area of your worksheet so that it А B с Chapter 6: Applying Excel Data $ 344 $ 146 Selling price per unit Manufacturing costs: Variable per unit produced: Direct materials Direct labor Variable manufacturing overhead...
A Company manufactures one product that is sold for $79 per unit. The following information pertains to the company's first year of operations in which I produced 50,000 units and sold 45,000 units. Variable costs per unit: Manufacturing Direct materials $ 29 Direct labour 16 Variable manufacturing overhead 2 Variable selling and administrative 4 Fixed costs per year: Fixed manufacturing overhead 800,000 Fixed selling and administrative expenses $ 516,000 1. What is the company's total contribution margin under variable costing?...
Please help with how to solve this problem:
During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Sales @ $61 per unit) Cost of goods sold (@ $32 per unit) Gross margin Selling and administrative expenses Net operating income Year 1 $ 1,220,000 640,000 580,000 305,000 275,000 Year 2 $ 1,830,000 960,000 870,000 335,000 $ 535,000 *$3 per unit variable: $245,000 fixed each year. The company's $32 unit product cost is computed...
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