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Quamma Corporation makes a product that has the following costs: PerYear Direct materials Direct labor Variable...
Q1. (25 marks) Revelstoke Corporation manufactures a product that has the following costs: Per unit Per...
Q1. (25 marks) Revelstoke Corporation manufactures a product that has the following costs: Per unit Per year Direct materials $6.00 Direct labour 5.00 Variable manufacturing overhead 4.00 Fixed manufacturing overhead |$360,000 Variable SG&A expenses 5.00 Fixed SG&A expenses 120,000 The company uses the absorption costing approach to cost-plus pricing. The pricing calculations are based on budgeted production and sales of 30,000 units per year. The company has invested $600,000 in this product and expects a return on investment of 15%....
B U А. А 01 mark) Revelstoke Corporation manufactures product that has the following Per year...
B U А. А 01 mark) Revelstoke Corporation manufactures product that has the following Per year Per unit WOD 5.00 4.00 Direct materials Direct labour Variable manufacturing overhead Fixed manufacturing overhead Variable SG&A expenses Fixed S&A expenses 5360.000 5.00 120.000 The company uses the absorption costing approach to cost.plus pricing. The pricing calculations are based on budgeted production and sales of 30,000 units per year, The company has invested 5600,000 in this product and expects a return on investment of...
Variable costs per unit: Manufacturing: Direct materials $ 21 Direct labor $ 13 Variable manufacturing overhead...
Variable costs per unit: Manufacturing: Direct materials $ 21 Direct labor $ 13 Variable manufacturing overhead $ 3 Variable selling and administrative $ 2 Fixed costs per year: Fixed manufacturing overhead $ 400,000 Fixed selling and administrative expenses $ 60,000 During its first year of operations, Walsh produced 50,000 units and sold 40,000 units. During its second year of operations, it produced 40,000 units and sold 50,000 units. The selling price of the company’s product is $89 per unit. Required:...
Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $35,...
Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $35, direct labor $24, variable manufacturing overhead $18, fed manufacturing overhead $52, variable selling and administrative expenses $13, and selling and administrative expenses $27. is desired ROI per unit is $20. Compute the marke percentage using variable cost pricing. (Round answer to decimal place 10.S .) Markup percentage 59 Kaspar Corporation makes a commercial-grade cooking griddle. The following information is available for Kaspar Corporation's anticipated...
Kirgan, Inc., manufactures a product with the following costs: Per Year Per Unit $26.40 $15.40 $...
Kirgan, Inc., manufactures a product with the following costs: Per Year Per Unit $26.40 $15.40 $ 3.60 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $1,545,600 $ 3.50 $1,514,700 The company uses the absorption costing approach to cost-plus pricing described in the text. The pricing calculations are based on budgeted production and sales of 96,000 units per year. The company has invested $370,000 in this product and expects...
Variable costs per unit: Manufacturing Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative...
Variable costs per unit: Manufacturing Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative $ $ $ $ 10 4 1 1 $231,000 $141, eee During the year, the company produced 21,000 units and sold 17,000 units. The selling price of the company's product is $40 per unit. Required: 1. Assume that the company uses absorption costing: a. Compute the unit product cost. b. Prepare an income...
$19 Variable cost per unit: Direct materials Fixed costs per year: Direct labor Fixed manufacturing overhead...
$19 Variable cost per unit: Direct materials Fixed costs per year: Direct labor Fixed manufacturing overhead Fixed selling and administrative expenses $250,000 $300,000 $90,000 The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, Bracey produced 20,000 units and sold 18,000 units. The selling price of the company's product is $55 per unit. Required: 1. Assume the company uses super-variable costing: b. Compute the unit product cost for...
Rap Corporation produces outdoor portable fireplace units. The following per unit cost information is available: direct...
Rap Corporation produces outdoor portable fireplace units. The following per unit cost information is available: direct materials $16, direct labor $22, variable manufacturing overhead $12, fixed manufacturing overhead $30, variable selling and administrative expenses $10, and fixed selling and administrative expenses $21. The company's ROI per unit is $9. x Your answer is incorrect. Try again. Compute Rap Corporation's markup percentage using absorption-cost pricing. Absorption-cost pricing markup percentage '92|| x Your answer is incorrect. Try again. Compute Rap Corporation's markup...
Exercise 19-11 Pricing with Absorption Costing $100 $30 Calculate absorption cost per unit: Direct materials Direct...
Exercise 19-11 Pricing with Absorption Costing $100 $30 Calculate absorption cost per unit: Direct materials Direct labor Variable overhead Fixed overhead Total Absorption Cost per unit $8 $12 600,000/50,000 $150 $60 Target Selling price per unit: Absorption Cost per unit $150 Target Selling price per unit $210 Exercise 19-11 Absorption costing and product pricing @P4 Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses absorption costing and has a target markup of 40%...
ncome Statements under The reporting of the costs of manufactured products, normally direct materials, direct labor,...
ncome Statements under The reporting of the costs of manufactured products, normally direct materials, direct labor, and factory overhead, as product costs.Absorption Costing and The concept that considers the cost of products manufactured to be composed only of those manufacturing costs that increase or decrease as the volume of production rises or falls (direct materials, direct labor, and variable factory overhead).Variable Costing Gallatin County Motors Inc. assembles and sells snowmobile engines. The company began operations on July 1 and operated...
Q1. (25 marks) Revelstoke Corporation manufactures a product that has the following costs: Per unit Per year Direct materials $6.00 Direct labour 5.00 Variable manufacturing overhead 4.00 Fixed manufacturing overhead |$360,000 Variable SG&A expenses 5.00 Fixed SG&A expenses 120,000 The company uses the absorption costing approach to cost-plus pricing. The pricing calculations are based on budgeted production and sales of 30,000 units per year. The company has invested $600,000 in this product and expects a return on investment of 15%....
B U А. А 01 mark) Revelstoke Corporation manufactures product that has the following Per year Per unit WOD 5.00 4.00 Direct materials Direct labour Variable manufacturing overhead Fixed manufacturing overhead Variable SG&A expenses Fixed S&A expenses 5360.000 5.00 120.000 The company uses the absorption costing approach to cost.plus pricing. The pricing calculations are based on budgeted production and sales of 30,000 units per year, The company has invested 5600,000 in this product and expects a return on investment of...
Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $35, direct labor $24, variable manufacturing overhead $18, fed manufacturing overhead $52, variable selling and administrative expenses $13, and selling and administrative expenses $27. is desired ROI per unit is $20. Compute the marke percentage using variable cost pricing. (Round answer to decimal place 10.S .) Markup percentage 59 Kaspar Corporation makes a commercial-grade cooking griddle. The following information is available for Kaspar Corporation's anticipated...
Kirgan, Inc., manufactures a product with the following costs: Per Year Per Unit $26.40 $15.40 $ 3.60 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $1,545,600 $ 3.50 $1,514,700 The company uses the absorption costing approach to cost-plus pricing described in the text. The pricing calculations are based on budgeted production and sales of 96,000 units per year. The company has invested $370,000 in this product and expects...
Variable costs per unit: Manufacturing Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative $ $ $ $ 10 4 1 1 $231,000 $141, eee During the year, the company produced 21,000 units and sold 17,000 units. The selling price of the company's product is $40 per unit. Required: 1. Assume that the company uses absorption costing: a. Compute the unit product cost. b. Prepare an income...
$19 Variable cost per unit: Direct materials Fixed costs per year: Direct labor Fixed manufacturing overhead Fixed selling and administrative expenses $250,000 $300,000 $90,000 The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, Bracey produced 20,000 units and sold 18,000 units. The selling price of the company's product is $55 per unit. Required: 1. Assume the company uses super-variable costing: b. Compute the unit product cost for...
Rap Corporation produces outdoor portable fireplace units. The following per unit cost information is available: direct materials $16, direct labor $22, variable manufacturing overhead $12, fixed manufacturing overhead $30, variable selling and administrative expenses $10, and fixed selling and administrative expenses $21. The company's ROI per unit is $9. x Your answer is incorrect. Try again. Compute Rap Corporation's markup percentage using absorption-cost pricing. Absorption-cost pricing markup percentage '92|| x Your answer is incorrect. Try again. Compute Rap Corporation's markup...
Exercise 19-11 Pricing with Absorption Costing $100 $30 Calculate absorption cost per unit: Direct materials Direct labor Variable overhead Fixed overhead Total Absorption Cost per unit $8 $12 600,000/50,000 $150 $60 Target Selling price per unit: Absorption Cost per unit $150 Target Selling price per unit $210 Exercise 19-11 Absorption costing and product pricing @P4 Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses absorption costing and has a target markup of 40%...
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