Homework Answers
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| Achilles | Absorption | Variable |
| Direct Materials | 20.00 | 20.00 |
| Direct manufacturing labor | 4.00 | 4.00 |
| Variable manufacturing costs | 1.00 | 1.00 |
| Fixed manufacturing costs ($ 750,000/ 100,000 units) | 7.50 | - |
| Inventorial cost per unit | 32.50 | 25.00 |
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1 A. Ames butleries in 2017, de 100 ans thomave price of it. The following additional...
Achilles Auto makes and sells batteries. In 2017, it made 100,000 batteries and sold 75,000 of...
Achilles Auto makes and sells batteries. In 2017, it made 100,000 batteries and sold 75,000 of them, at an average selling price of $60 per unit. The following additional information relates to Achilles Auto for 2017: Direct materials $20.00 per unit Direct manufacturing labour $ 4.00 per unit Variable manufacturing costs $1.00 per unit Sales commissions 5 5.00 per part Fored manufacturing costs $ 750.000 per year Administrative expenses, all find $ 270,000 per year What is Achilles Auto's inventoriable...
My question relates to Part A. I know the answer is 25 (20 + 4 +...
My question relates to Part A. I know the answer is 25 (20 + 4 +
1), but my question is... why is sales commission (a variable cost)
not included in the inventoriable cost per unit? Please explain.
Thank you!!
Achilles Auto makes and sells batteries. In 2017, it made 100,000 batteries and sold 9-1 75,000 of them, at an average selling price of $60 per unit. The following additional information relates to Achilles Auto for 2017: Direct materials Direct...
The following is information concerning a product manufactured by Ames Brothers. Sales price per unit $...
The following is information concerning a product manufactured by Ames Brothers. Sales price per unit $ 65 Variable cost per unit 43 Total fixed manufacturing and operating costs (per month) 440,000 a. Determine the unit contribution margin. b. Determine the number of units that must be sold each month to break even. (Round your answer to the nearest whole number.) c. Determine the number of units that must be sold to earn an operating income of $234,000 per month. (Round...
The following is information concerning a product manufactured by Ames Brothers. Sales price per unit $...
The following is information concerning a product manufactured by Ames Brothers. Sales price per unit $ 73 Variable cost per unit 43 Total fixed manufacturing and operating costs (per month) 410,000 a. Determine the unit contribution margin. b. Determine the number of units that must be sold each month to break even. (Round your answer to the nearest whole number.) c. Determine the number of units that must be sold to earn an operating income of $234,000 per month. (Round...
The following is information concerning a product manufactured by Ames Brothers. $ Sales price per unit...
The following is information concerning a product manufactured by Ames Brothers. $ Sales price per unit Variable cost per unit Total fixed manufacturing and operating costs (per month) 68 43 390,000 a. Determine the unit contribution margin. b. Determine the number of units that must be sold each month to break even. (Round your answer to the nearest whole number.) c. Determine the number of units that must be sold to earn an operating income of $234,000 per month. (Round...
The following is information concerning a product manufactured by Ames Brothers. Sales price per unit $...
The following is information concerning a product manufactured by Ames Brothers. Sales price per unit $ 65 Variable cost per unit 43 Total fixed manufacturing and operating costs (per month) 430,000 a. Determine the unit contribution margin. b. Determine the number of units that must be sold each month to break even. (Round your answer to the nearest whole number.) c. Determine the number of units that must be sold to earn an operating income of $234,000 per month. (Round...
Which of the following is true of absorption costing? It expenses marketing costs as cost of...
Which of the following is true of absorption costing? It expenses marketing costs as cost of goods sold. It treats direct manufacturing costs as a period cost. It includes fixed manufacturing overhead as an inventoriable D) It treats indirect manufacturing costs as a period cost. Answer: 17. Which of the following is true of variable costing? A) It expenses administrative costs as cost of goods sold. B) It treats direct manufacturing costs as a product cost. It includes fixed manufacturing...
Which of the following is true of absorption costing? It expenses marketing costs as cost of goods sold. It treats...
Which of the following is true of absorption costing? It expenses marketing costs as cost of goods sold. It treats direct manufacturing costs as a period cost. It includes fixed manufacturing overhead as an inventoriable D) It treats indirect manufacturing costs as a period cost. Answer: 17. Which of the following is true of variable costing? A) It expenses administrative costs as cost of goods sold. B) It treats direct manufacturing costs as a product cost. It includes fixed manufacturing...
Shell Corporation manufactures bottled vinegar. Data pertaining to the company's 2017 operations follow: Actual price and...
Shell Corporation manufactures bottled vinegar. Data pertaining to the company's 2017 operations follow: Actual price and cost data for 2017 are as follows: Selling price P50 Variable Selling cost per unit P2.80 Direct Material per unit 18 Fixed Selling costs 75.000 Direct Labor per unit 10 Budgeted Production 100,000 units Variable Overhead per unit 1.50 Actual Production 90.000 units Fixed Overhead 4.20 Sales for the Year 97,500 units Beginning inventory 17.500 units Fixed manufacturing overhead assigned to units of production...
Questions: 1) Determine the product (inventoriable) cost per unit under: a) Absorption costing [1 mark] b)...
Questions: 1) Determine the product (inventoriable) cost per
unit under: a) Absorption costing [1 mark] b) Variable costing. [1
mark]
2) Prepare the statement of profit and loss for periods 1-4
under absorption costing by using the gross margin approach. [12
marks]
3) Prepare the statement of profit and loss for periods 1-4
under variable costing by using the contribution margin approach.
[12 marks]
4) Reconcile the absorption and variable costing operating
profit figures for each period and explain the...
Achilles Auto makes and sells batteries. In 2017, it made 100,000 batteries and sold 75,000 of them, at an average selling price of $60 per unit. The following additional information relates to Achilles Auto for 2017: Direct materials $20.00 per unit Direct manufacturing labour $ 4.00 per unit Variable manufacturing costs $1.00 per unit Sales commissions 5 5.00 per part Fored manufacturing costs $ 750.000 per year Administrative expenses, all find $ 270,000 per year What is Achilles Auto's inventoriable...
My question relates to Part A. I know the answer is 25 (20 + 4 +
1), but my question is... why is sales commission (a variable cost)
not included in the inventoriable cost per unit? Please explain.
Thank you!!
Achilles Auto makes and sells batteries. In 2017, it made 100,000 batteries and sold 9-1 75,000 of them, at an average selling price of $60 per unit. The following additional information relates to Achilles Auto for 2017: Direct materials Direct...
The following is information concerning a product manufactured by Ames Brothers. $ Sales price per unit Variable cost per unit Total fixed manufacturing and operating costs (per month) 68 43 390,000 a. Determine the unit contribution margin. b. Determine the number of units that must be sold each month to break even. (Round your answer to the nearest whole number.) c. Determine the number of units that must be sold to earn an operating income of $234,000 per month. (Round...
Which of the following is true of absorption costing? It expenses marketing costs as cost of goods sold. It treats direct manufacturing costs as a period cost. It includes fixed manufacturing overhead as an inventoriable D) It treats indirect manufacturing costs as a period cost. Answer: 17. Which of the following is true of variable costing? A) It expenses administrative costs as cost of goods sold. B) It treats direct manufacturing costs as a product cost. It includes fixed manufacturing...
Which of the following is true of absorption costing? It expenses marketing costs as cost of goods sold. It treats direct manufacturing costs as a period cost. It includes fixed manufacturing overhead as an inventoriable D) It treats indirect manufacturing costs as a period cost. Answer: 17. Which of the following is true of variable costing? A) It expenses administrative costs as cost of goods sold. B) It treats direct manufacturing costs as a product cost. It includes fixed manufacturing...
Shell Corporation manufactures bottled vinegar. Data pertaining to the company's 2017 operations follow: Actual price and cost data for 2017 are as follows: Selling price P50 Variable Selling cost per unit P2.80 Direct Material per unit 18 Fixed Selling costs 75.000 Direct Labor per unit 10 Budgeted Production 100,000 units Variable Overhead per unit 1.50 Actual Production 90.000 units Fixed Overhead 4.20 Sales for the Year 97,500 units Beginning inventory 17.500 units Fixed manufacturing overhead assigned to units of production...
Questions: 1) Determine the product (inventoriable) cost per
unit under: a) Absorption costing [1 mark] b) Variable costing. [1
mark]
2) Prepare the statement of profit and loss for periods 1-4
under absorption costing by using the gross margin approach. [12
marks]
3) Prepare the statement of profit and loss for periods 1-4
under variable costing by using the contribution margin approach.
[12 marks]
4) Reconcile the absorption and variable costing operating
profit figures for each period and explain the...
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