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Jon Completion Status $168.000 QUESTION 41 Given Brush Industries cost information for May shown in the...
Indirect costs may be ind Indirect costs vary with tl Question Completion Status: QUESTION 16 The...
Indirect costs may be ind Indirect costs vary with tl Question Completion Status: QUESTION 16 The following information has been taken from the cost records of Maclver Company for the past year $326 686 Raw material used in production Total manufacturing costs charged to production during the year (includes direct material, direct labor, and overhead equal to 60% of direct labor cost) Cost of goods available for sale Selling and Administrative expenses 926 25 Inventories Beginning Ending Raw Material $75...
On June 30, the end of the first year of operations, Johnson Industries, Inc., manufactured 3,700...
On June 30, the end of the first year of operations, Johnson Industries, Inc., manufactured 3,700 units and sold 3,200 units. The following income statement was prepared, based on the variable costing concept: Johnson Industries, Inc. Variable Costing Income Statement For the Year Ended June 30, 2016 Sales $1,728,000 Variable cost of goods sold: Variable cost of goods manufactured $958,300 Less inventory, June 30 129,500 Variable cost of goods sold 828,800 Manufacturing margin $899,200 Variable selling and administrative expenses 208,000...
answer with an explanation Question 1: Talal Industries developed the following information for the product it sell...
answer with an explanation
Question 1: Talal Industries developed the following information for the product it sells: $ $ of total Sales Variable cost of goods sold Fixed cost of goods sold Variable selling costs Variable administrative costs Fixed selling Fixed adminstrative costs Selling price Sales 23.00 800,000 10% 2.00 500,000 300,000 $ S $ 50 100,000 Units "rended December 31, 2017, the company produced and sold 100,000 units of product For the year ended Decem Instructions (a) Prepare a...
- Valuable LOS Nimtrans, Inc. reports the following into for August tollowing information Sales Revenue Variable...
- Valuable LOS Nimtrans, Inc. reports the following into for August tollowing information Sales Revenue Variable costs of Goods Sold fixed cost of Goods sold | Vaguable Selling and Administrative cost Exed Selling and Administrative cost Calculate the gross profit for absorption costing $ 900,000 200,000 45,000 160,ooo 55,000 August using
please provide step by step answer prefairable handwritten Question 1: Talal Industries developed the following information...
please provide step by step answer prefairable handwritten
Question 1: Talal Industries developed the following information for the product itsells: of total Sales Variable cost of goods sold Fixed cost of goods sold Variable selling costs Variable administrative costs Fixed selling adminstrative costs Selling price nunu 23.00 800,000 10% 2.00 500,000 300,000 50 100,000 Fixed Units Sales our ended December 31, 2017, the company produced and sold 100,000 units of produc CVP income statement using the contribution margin format for...
. Andy Basil Industries Inc. reported the following information about the production and sale of its...
. Andy Basil Industries Inc. reported the following information about the production and sale of its only product during the first month of operations: Selling price per unit $225.00 Sales $360,000 Direct materials used $176,000 Direct labor $100,000 Variable factory overhead $44,000 Fixed factory overhead $80,000 Variable selling and administrative expenses $20,000 Fixed selling and administrative expenses $10,000 Production volume variance 0 Ending inventory, Direct Materials 0 Ending inventory, Work-in-process 0 Ending inventory, Finished Goods 400 units Under absorption costing,...
Translate Income statements under absorption costing and variable costing Fresno Industries Inc. manufactures and sells high-quality...
Translate Income statements under absorption costing and variable costing Fresno Industries Inc. manufactures and sells high-quality camping tents. The company began operations on January 1 and operated at 100% of capacity (166,000 units) during the first month, creating an ending inventory of 21,000 units. During February, the company produced 145,000 units during the month but sold 166,000 units at $540 per unit. The February manufacturing costs and selling and administrative expenses were as follows: Number of Total Unit Cost Units...
Denton Company manufactures and sells a single product. Cost data for the product are given: Variable...
Denton Company manufactures and sells a single product. Cost data for the product are given: Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Total variable cost per unit Fixed costs per month: Fixed manufacturing overhead Fixed selling and administrative Total fixed cost per month $ 21 $162,000 163,000 $325,000 The product sells for $46 per unit. Production and sales data for July and August, the first two months of operations, follow: Units Produced...
The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per...
The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production Selling and administrative Fixed costs per year: Production Selling and administrative $170, 100 $139,480 Last year. 6.300 units were produced and 6.200 units were sold. There was no beginning inventory The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be: Muple Choice the same as absorption costing 0 $6.200 greater than under absorpson...
Denton Company manufactures and sells a single product. Cost data for the product are given below:...
Denton Company manufactures and sells a single product. Cost data for the product are given below: Variable costs per unit: Direct materials $7 Direct labor 10 Variable manufacturing overhead 5 Variable selling and administrative 3 Total variable cost per unit $25 Fixed costs per month: Fixed manufacturing overhead $ 315,000 Fixed selling and administrative 245,000 Total fixed cost per month $ 560,000 The product sells for $60 per unit. Production and sales data for July and August, the first two...
Indirect costs may be ind Indirect costs vary with tl Question Completion Status: QUESTION 16 The following information has been taken from the cost records of Maclver Company for the past year $326 686 Raw material used in production Total manufacturing costs charged to production during the year (includes direct material, direct labor, and overhead equal to 60% of direct labor cost) Cost of goods available for sale Selling and Administrative expenses 926 25 Inventories Beginning Ending Raw Material $75...
answer with an explanation
Question 1: Talal Industries developed the following information for the product it sells: $ $ of total Sales Variable cost of goods sold Fixed cost of goods sold Variable selling costs Variable administrative costs Fixed selling Fixed adminstrative costs Selling price Sales 23.00 800,000 10% 2.00 500,000 300,000 $ S $ 50 100,000 Units "rended December 31, 2017, the company produced and sold 100,000 units of product For the year ended Decem Instructions (a) Prepare a...
- Valuable LOS Nimtrans, Inc. reports the following into for August tollowing information Sales Revenue Variable costs of Goods Sold fixed cost of Goods sold | Vaguable Selling and Administrative cost Exed Selling and Administrative cost Calculate the gross profit for absorption costing $ 900,000 200,000 45,000 160,ooo 55,000 August using
please provide step by step answer prefairable handwritten
Question 1: Talal Industries developed the following information for the product itsells: of total Sales Variable cost of goods sold Fixed cost of goods sold Variable selling costs Variable administrative costs Fixed selling adminstrative costs Selling price nunu 23.00 800,000 10% 2.00 500,000 300,000 50 100,000 Fixed Units Sales our ended December 31, 2017, the company produced and sold 100,000 units of produc CVP income statement using the contribution margin format for...
Translate Income statements under absorption costing and variable costing Fresno Industries Inc. manufactures and sells high-quality camping tents. The company began operations on January 1 and operated at 100% of capacity (166,000 units) during the first month, creating an ending inventory of 21,000 units. During February, the company produced 145,000 units during the month but sold 166,000 units at $540 per unit. The February manufacturing costs and selling and administrative expenses were as follows: Number of Total Unit Cost Units...
Denton Company manufactures and sells a single product. Cost data for the product are given: Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Total variable cost per unit Fixed costs per month: Fixed manufacturing overhead Fixed selling and administrative Total fixed cost per month $ 21 $162,000 163,000 $325,000 The product sells for $46 per unit. Production and sales data for July and August, the first two months of operations, follow: Units Produced...
The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production Selling and administrative Fixed costs per year: Production Selling and administrative $170, 100 $139,480 Last year. 6.300 units were produced and 6.200 units were sold. There was no beginning inventory The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be: Muple Choice the same as absorption costing 0 $6.200 greater than under absorpson...
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