Homework Answers
Contribution Margin = Sales revenue - Variable costs
= (170*1400) - [(1400*60)+(1400*10)]
= 140,000
Option A is the answer
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Hyper Color Company manufactures widgets. The following data is related to sales and production of the...
Hyper Color Company manufactures widgets. The following data is related to sales and production of the...
Hyper Color Company manufactures widgets. The following data is related to sales and production of the widgets for last year. Selling price per unit Variable manufacturing costs per unit Variable selling and administrative expenses per unit Fixed manufacturing overhead (in total) Fixed selling and administrative expenses (in total) Units produced during the year Units sold during year $170 $62 $9 $30,000 $9,000 1,600 1,000 Using absorption costing, what is operating income for last year? (Round any intermediary calculations to the...
Hyper Color Company manufactures widgets. The following data is related to sales and production of the...
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MSU manufactures widgets. The following data is related to sales and production of the widgets for...
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Using absorption costing, what is operating income for last
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Widget Inc. manufactures widgets. The company has the capacity to produce 100,000 widgets per year, but...
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Widget Inc, manufactures widgets. The company has the capacity to produce 100,000 widgets per year, but...
Widget Inc, manufactures widgets. The company has the capacity to produce 100,000 widgets per year, but it currently produces and sells 75,000 widgets per year. The following information relates to current production: Sales price per unit S41 Variable costs per unit Manufacturing Marketing and administrative $23 $6 Total fred costs: Manufacturing $75,000 Marketing and administrative $24,000 Ha enorial sales are arranter for 5 winnettarin 37 narunt fiv e remain unchanged and a variable marketing and aiministrativash will O A. Increase...
The Heartlake Corporation manufactures and sells toy gyroscopes. The following data is related to sales and...
The Heartlake Corporation manufactures and sells toy gyroscopes. The following data is related to sales and production of the toy gyroscopes for last year. Selling price per unit Variable manufacturing costs per unit Variable selling and administrative expenses per unit Fixed manufacturing overhead (in total) Fixed selling and administrative expenses in total) Units produced during the year Units sold during year $8.10 $1.86 $4.95 $77,000 $85,000 520,000 170,000 Using variable costing, what is the contribution margin for last year? O...
Widget Inc, manufactures widgets. The company has the capacity to produce 100,000 widgets per year, but...
Widget Inc, manufactures widgets. The company has the capacity to produce 100,000 widgets per year, but it currently produces and sells 75,000 widgets per year. The following information relates to current production Sale price per unit $40 Variable costs per unit: Manufacturing Marketing and administrative $23 $5 Total fixed costs: Manufacturing Marketing and administrative $75,000 $22.000 If a special sales order is accepted for 2.900 widgets at a price of $33 per unit, foxed costs increase by $7.000, and variable...
Hyper Color Company manufactures widgets. The following data is related to sales and production of the widgets for last year. Selling price per unit Variable manufacturing costs per unit Variable selling and administrative expenses per unit Fixed manufacturing overhead (in total) Fixed selling and administrative expenses (in total) Units produced during the year Units sold during year $170 $62 $9 $30,000 $9,000 1,600 1,000 Using absorption costing, what is operating income for last year? (Round any intermediary calculations to the...
MSU manufactures widgets. The following data is related to
sales and production of the widgets for last year.
Using absorption costing, what is operating income for last
year?
a. $ 39,300
b. $ 66,300
c. $219,700
d. $143,000
Selling price per unit Variable manufacturing costs per unit Variable selling and administrative expenses per unit Fixed manufacturing overhead (in total) Fixed selling and administrative expenses (in total) Units produced during the year Units sold during year $ 130.00 $ 6200 $5.00...
5) MSU manufactures and sells toy gyroscopes. The following data is related to sales and production of the toy gyroscopes for last year. $8.00 $ 1.83 Selling price per unit Variable manufacturing costs per unit Variable selling and administrative expenses per unit Fixed manufacturing overhead (in total) Fixed selling and administrative expenses (in total) Units produced during the year Units sold during the year $ 75,000 $ 80,000 500,000 150,000 Using variable costing, what is the operating income for last...
The Heartlake Corporation manufactures and sells toy gyroscopes. The following data is related to sales and production of the toy gyroscopes for last year. Selling price per unit Variable manufacturing costs per unit Variable selling and administrative expenses per unit Fixed manufacturing overhead (in total) Fixed selling and administrative expenses (in total) Units produced during the year Units sold during year $8.20 $1.84 $4.45 $79,000 $83,000 520,000 190,000 Using variable costing, what is the contribution margin for last year? O...
Widget Inc. manufactures widgets. The company has the capacity to produce 100,000 widgets per year, but it currently produces and sells 75,000 widgets per year The following information relates to current production: Sales price per unit $40 Variable costs per unit Manufacturing Marketing and administrative $22 $5 Total fixed costs: $78,000 $25,000 Manufacturing Marketing and administrative If a snecial eales order is accented for 6.900 widoets at a.price.of $42.ner.unit and fixed.costs.remain unchanned how would oneratinn income.he affected2.(NOTE Decrease by $103,500...
Widget Inc, manufactures widgets. The company has the capacity to produce 100,000 widgets per year, but it currently produces and sells 75,000 widgets per year. The following information relates to current production: Sales price per unit S41 Variable costs per unit Manufacturing Marketing and administrative $23 $6 Total fred costs: Manufacturing $75,000 Marketing and administrative $24,000 Ha enorial sales are arranter for 5 winnettarin 37 narunt fiv e remain unchanged and a variable marketing and aiministrativash will O A. Increase...
The Heartlake Corporation manufactures and sells toy gyroscopes. The following data is related to sales and production of the toy gyroscopes for last year. Selling price per unit Variable manufacturing costs per unit Variable selling and administrative expenses per unit Fixed manufacturing overhead (in total) Fixed selling and administrative expenses in total) Units produced during the year Units sold during year $8.10 $1.86 $4.95 $77,000 $85,000 520,000 170,000 Using variable costing, what is the contribution margin for last year? O...
Widget Inc, manufactures widgets. The company has the capacity to produce 100,000 widgets per year, but it currently produces and sells 75,000 widgets per year. The following information relates to current production Sale price per unit $40 Variable costs per unit: Manufacturing Marketing and administrative $23 $5 Total fixed costs: Manufacturing Marketing and administrative $75,000 $22.000 If a special sales order is accepted for 2.900 widgets at a price of $33 per unit, foxed costs increase by $7.000, and variable...
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