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Lattimer Company had the following results of operations for the past year. $185,250 Sales (15,000 units...
Markson Company had the following results of operations for the past year: Sales (8,000 units at...
Markson Company had the following results of operations for the past year: Sales (8,000 units at $20.70) $ 165,600 Variable manufacturing costs $ 88,800 Fixed manufacturing costs 15,700 Variable selling and administrative expenses 14,800 Fixed selling and administrative expenses 20,700 (140,000 ) Operating income $ 25,600 A foreign company whose sales will not affect Markson's market offers to buy 2,000 units at $15.05 per unit. In addition to variable manufacturing costs, selling these units would increase fixed overhead by $1,670...
Benjamin Company had the following results of operations for the past year: Sales (16,000 units at...
Benjamin Company had the following results of operations for the past year: Sales (16,000 units at $10.50) $168,000 Direct materials and direct labor $104,000 Overhead (20% variable) 24,000 Selling and administrative expenses (all fixed) 33,000 (161,000) Operating income $7,000 A foreign company (whose sales will not affect Benjamin's market) offers to buy 5,000 units at $8.60 per unit. In addition to variable manufacturing costs, selling these units would increase fixed overhead by $700 and selling and administrative costs by $400....
Markson Company had the following results of operations for the past year: $ 166,400 Sales (8,000 units at $20.80) Vari...
Markson Company had the following results of operations for the past year: $ 166,400 Sales (8,000 units at $20.80) Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Operating income $89,200 15,800 15,200 20,800 (141,000) $ 25,400 A foreign company whose sales will not affect Markson's market offers to buy 2,000 units at $15.20 per unit. In addition to variable manufacturing costs, selling these units would increase fixed overhead by $1,680 for the...
1) Markson Company had the following results of operations for the past year: Sales (8,000 units...
1) Markson Company had the following results of operations for the past year: Sales (8,000 units at $20.70) $ 165,600 Variable manufacturing costs $ 88,800 Fixed manufacturing costs 15,700 Variable selling and administrative expenses 14,800 Fixed selling and administrative expenses 20,700 (140,000 ) Operating income $ 25,600 A foreign company whose sales will not affect Markson's market offers to buy 2,000 units at $15.05 per unit. In addition to variable manufacturing costs, selling these units would increase fixed overhead by...
Benjamin Company had the following results of operations for the past year: $ 157,600 Sales (16,000...
Benjamin Company had the following results of operations for the past year: $ 157,600 Sales (16,000 units at $9.85) Direct materials and direct labor Overhead (20% variable) Selling and administrative expenses (all fixed) Operating income $93,600 13,600 31,700 (138,900) $ 18,700 A foreign company (whose sales will not affect Benjamin's market) offers to buy 3,700 units at $7.17 per unit. In addition to variable manufacturing costs, selling these units would increase fixed overhead by $570 and selling and administrative costs...
need this asap During the company's first year of operations, Perry, Inc. produced 15,000 units during...
need this asap
During the company's first year of operations, Perry, Inc. produced 15,000 units during the year. Of these, 12,000 were sold for $50 each. Other Perry, Inc. data are shown below. Direct materials $8.00 per unit $6.00 per unit $2.00 per unit Direct labor Variable manufacturing overhead Variable selling and administrative costs $1.00 per unit Fixed manufacturing overhead Fixed selling and administrative costs $50,000 What is Perry, Inc's operating profit using variable costing and absorption $75,000 costing? Operating...
Alpine Luggage has a capacity to produce 420,000 suitcases per year. The company is currently producing...
Alpine Luggage has a capacity to produce 420,000 suitcases per year. The company is currently producing and selling 340,000 units per year at a selling price of $398 per case. The cost of producing and selling one case follows: Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative costs Fixed selling and administrative costs Total costs $ 160 39 81 22 $ 302 The company has received a special order for 30,000 suitcases at a price of $250 per...
lagan, Inc. has collected the following data. (There are no beginning inventories.) Units produced Sales price...
lagan, Inc. has collected the following data. (There are no beginning inventories.) Units produced Sales price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs 700 units $110 per unit $20 per unit $11 per unit $8 per unit $17,200 per year $5 per unit $11,100 per year What is the ending balance in Finished Goods Inventory using variable costing if 400 units are sold? O A. $5,700 OB....
Alpine Luggage has a capacity to produce 380,000 suitcases per year. The company is currently producing...
Alpine Luggage has a capacity to produce 380,000 suitcases per
year. The company is currently producing and selling 300,000 units
per year at a selling price of $403 per case. The cost of producing
and selling one case follows:
Variable manufacturing costs
$
156
Fixed manufacturing costs
41
Variable selling and administrative costs
80
Fixed selling and administrative costs
20
Total costs
$
297
The company has received a special order for 40,000 suitcases at a
price of $251 per...
The following is a summarized master budget that Tu Company prepared for JanuarY: Sales 9000 units...
The following is a summarized master budget that Tu Company prepared for JanuarY: Sales 9000 units Sales Revenue $450000 Less variable costs: Manufacturing $270000 Selling and admin $18000 Contribution Margin $162000 Less fixed costs: Manufacturing $72000 Selling and admin $27000 Operating income $63000 Actual results for January were as follows: Units produced and sold 8500 units Selling price per unit $55 Variable costs per unit: Manufacturing $32 Selling and admin $1.50 Total fixed cost $99 What was the flexible budget...
Markson Company had the following results of operations for the past year: $ 166,400 Sales (8,000 units at $20.80) Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Operating income $89,200 15,800 15,200 20,800 (141,000) $ 25,400 A foreign company whose sales will not affect Markson's market offers to buy 2,000 units at $15.20 per unit. In addition to variable manufacturing costs, selling these units would increase fixed overhead by $1,680 for the...
Benjamin Company had the following results of operations for the past year: $ 157,600 Sales (16,000 units at $9.85) Direct materials and direct labor Overhead (20% variable) Selling and administrative expenses (all fixed) Operating income $93,600 13,600 31,700 (138,900) $ 18,700 A foreign company (whose sales will not affect Benjamin's market) offers to buy 3,700 units at $7.17 per unit. In addition to variable manufacturing costs, selling these units would increase fixed overhead by $570 and selling and administrative costs...
need this asap
During the company's first year of operations, Perry, Inc. produced 15,000 units during the year. Of these, 12,000 were sold for $50 each. Other Perry, Inc. data are shown below. Direct materials $8.00 per unit $6.00 per unit $2.00 per unit Direct labor Variable manufacturing overhead Variable selling and administrative costs $1.00 per unit Fixed manufacturing overhead Fixed selling and administrative costs $50,000 What is Perry, Inc's operating profit using variable costing and absorption $75,000 costing? Operating...
Alpine Luggage has a capacity to produce 420,000 suitcases per year. The company is currently producing and selling 340,000 units per year at a selling price of $398 per case. The cost of producing and selling one case follows: Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative costs Fixed selling and administrative costs Total costs $ 160 39 81 22 $ 302 The company has received a special order for 30,000 suitcases at a price of $250 per...
lagan, Inc. has collected the following data. (There are no beginning inventories.) Units produced Sales price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs 700 units $110 per unit $20 per unit $11 per unit $8 per unit $17,200 per year $5 per unit $11,100 per year What is the ending balance in Finished Goods Inventory using variable costing if 400 units are sold? O A. $5,700 OB....
Alpine Luggage has a capacity to produce 380,000 suitcases per
year. The company is currently producing and selling 300,000 units
per year at a selling price of $403 per case. The cost of producing
and selling one case follows:
Variable manufacturing costs
$
156
Fixed manufacturing costs
41
Variable selling and administrative costs
80
Fixed selling and administrative costs
20
Total costs
$
297
The company has received a special order for 40,000 suitcases at a
price of $251 per...
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