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During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Sales (@ $60 per unit) Cost of goods sold (@ $43 per unit) Gross margin Selling and administrative expenses* Net operating income Year 1 $ 1,080,000 774,000 306,000 299,000 $ 7,000 Year 2 $1,680,000 1,204,000 476,000 329,000 $ 147,000 * $3 per unit variable; $245,000 fixed each year. The company's $43 unit product cost is computed as follows: Direct materials Direct labor Variable...
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During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Sales (@ $60 per unit) Cost of goods sold (@ $40 per unit) Gross margin Selling and administrative expenses* Net operating income Year 1 $ 1,080,000 720,000 360,000 302,000 $ 58,000 Year 2 $1,680,000 1,120,000 560,000 332,000 $ 228,000 *$3 per unit variable; $248,000 fixed each year. The company's $40 unit product cost is computed as follows: $ 8 13 Direct materials Direct...
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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 bold ( $38 per unit) Gross margin Selling and administrative expenses Net operating income Year 1 $1,098,000 684,000 414,000 308,000 $\106,000 Year 2 $1,700,000 1,064,000 644,000 338,000 $ 306,000 *$3 per unit variable: $254.000 fixed each year. The company's $38 unit product cost is computed as follows: 12 Direct materials Direct labor Variable manufacturing overhead...
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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 (@ $39 per unit) Gross margin Selling and administrative expenses* Net operating income Year 1 $ 1,098,000 702,000 396,000 307,000 89,000 Year 2 $1,708,000 1,092,000 616,000 337,000 $ 279,000 * $3 per unit variable; $253,000 fixed each year. The company's $39 unit product cost is computed as follows: Direct materials Direct labor Variable manufacturing...
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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 (@ $31 per unit) Gross margin Selling and administrative expenses Net operating income Year 1 $ 1,098,000 558,000 540,000 303,000 $ 1237,000 Year 2 $1,708,000 868,000 840,000 333,000 $ 507,000 *$3 per unit variable: $249,000 fixed each year. The company's $31 unit product cost is computed as follows: Direct materials Direct labor Variable manufacturing...
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Check 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 (@ $41 per unit) Gross margin Selling and administrative expenses Net operating income Year 1 1,098,000 738,000 360,000 308,00e 52,000 Year 2 $1,708,000 1,148, cee 560,000 338,000 $ 222,000 *$3 per unit variable: $254,000 fixed each year. The company's $41 unit product cost is computed as follows: Direct materials Direct labor Variable...
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During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Year 1 Year 2 Sales (@$60 per unit) 900,000 $ 1,500,000 Cost of goods sold (@$42 per unit) 630,000 1,050,000 Gross margin 270,000 450,000 Selling and Admin expense 293,000 323,000 Net operating income (23,000) 127,000 *$3 per unit variable: $248,000 fixed each year. The company's $42 unit product is computer as follows: Direct materials $ 6 Direct labor 13 Variable manufacturing overhead 5...
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During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Sales (@ $63 per unit) Cost of goods sold (@ $43 per unit) Gross margin Selling and administrative expenses* Net operating income Year 1 $ 945,000 645,000 300,000 294,000 $ 6,000 Year 2 $1,575,000 1,075,000 500,000 324,000 $ 176,000 *$3 per unit variable: $249,000 fixed each year. The company's $43 unit product cost is computed as follows: Direct materials Direct labor Variable manufacturing...
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During Heaton Company's first two years of operations, the company reported absorption costing net operating income as follows: $ Sales (@ $60 per unit) Cost of goods sold (@ $39 per unit) Gross margin Selling and administrative expenses* Net operating income Year 1 $1,020,000 663,000 357,000 299,000 $ 58,000 Year 2 1,620,000 1,053,000 567,000 329,000 $ 238,000 *$3 per unit variable; $248,000 fixed each year. The company's $39 unit product cost is computed as follows: $ Direct materials Direct labor...
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During Heaton Company’s first two years of operations, it
reported absorption costing net operating income as follows:
Year 1
Year 2
Sales (@ $60 per unit)
$
1,080,000
$
1,680,000
Cost of goods sold (@ $33 per unit)
594,000
924,000
Gross margin
486,000
756,000
Selling and administrative expenses*
303,000
333,000
Net operating income
$
\183,000\
$
423,000
* $3 per unit variable; $249,000 fixed each year.
The company’s $33 unit product cost is computed as follows:
Direct materials
$
6...
During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Sales (@ $60 per unit) Cost of goods sold (@ $43 per unit) Gross margin Selling and administrative expenses* Net operating income Year 1 $ 1,080,000 774,000 306,000 299,000 $ 7,000 Year 2 $1,680,000 1,204,000 476,000 329,000 $ 147,000 * $3 per unit variable; $245,000 fixed each year. The company's $43 unit product cost is computed as follows: Direct materials Direct labor Variable...
During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Sales (@ $60 per unit) Cost of goods sold (@ $40 per unit) Gross margin Selling and administrative expenses* Net operating income Year 1 $ 1,080,000 720,000 360,000 302,000 $ 58,000 Year 2 $1,680,000 1,120,000 560,000 332,000 $ 228,000 *$3 per unit variable; $248,000 fixed each year. The company's $40 unit product cost is computed as follows: $ 8 13 Direct materials Direct...
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 bold ( $38 per unit) Gross margin Selling and administrative expenses Net operating income Year 1 $1,098,000 684,000 414,000 308,000 $\106,000 Year 2 $1,700,000 1,064,000 644,000 338,000 $ 306,000 *$3 per unit variable: $254.000 fixed each year. The company's $38 unit product cost is computed as follows: 12 Direct materials Direct labor Variable manufacturing overhead...
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 (@ $39 per unit) Gross margin Selling and administrative expenses* Net operating income Year 1 $ 1,098,000 702,000 396,000 307,000 89,000 Year 2 $1,708,000 1,092,000 616,000 337,000 $ 279,000 * $3 per unit variable; $253,000 fixed each year. The company's $39 unit product cost is computed as follows: Direct materials Direct labor Variable manufacturing...
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 (@ $31 per unit) Gross margin Selling and administrative expenses Net operating income Year 1 $ 1,098,000 558,000 540,000 303,000 $ 1237,000 Year 2 $1,708,000 868,000 840,000 333,000 $ 507,000 *$3 per unit variable: $249,000 fixed each year. The company's $31 unit product cost is computed as follows: Direct materials Direct labor Variable manufacturing...
Check 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 (@ $41 per unit) Gross margin Selling and administrative expenses Net operating income Year 1 1,098,000 738,000 360,000 308,00e 52,000 Year 2 $1,708,000 1,148, cee 560,000 338,000 $ 222,000 *$3 per unit variable: $254,000 fixed each year. The company's $41 unit product cost is computed as follows: Direct materials Direct labor Variable...
During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Year 1 Year 2 Sales (@$60 per unit) 900,000 $ 1,500,000 Cost of goods sold (@$42 per unit) 630,000 1,050,000 Gross margin 270,000 450,000 Selling and Admin expense 293,000 323,000 Net operating income (23,000) 127,000 *$3 per unit variable: $248,000 fixed each year. The company's $42 unit product is computer as follows: Direct materials $ 6 Direct labor 13 Variable manufacturing overhead 5...
During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Sales (@ $63 per unit) Cost of goods sold (@ $43 per unit) Gross margin Selling and administrative expenses* Net operating income Year 1 $ 945,000 645,000 300,000 294,000 $ 6,000 Year 2 $1,575,000 1,075,000 500,000 324,000 $ 176,000 *$3 per unit variable: $249,000 fixed each year. The company's $43 unit product cost is computed as follows: Direct materials Direct labor Variable manufacturing...
During Heaton Company's first two years of operations, the company reported absorption costing net operating income as follows: $ Sales (@ $60 per unit) Cost of goods sold (@ $39 per unit) Gross margin Selling and administrative expenses* Net operating income Year 1 $1,020,000 663,000 357,000 299,000 $ 58,000 Year 2 1,620,000 1,053,000 567,000 329,000 $ 238,000 *$3 per unit variable; $248,000 fixed each year. The company's $39 unit product cost is computed as follows: $ Direct materials Direct labor...