Freetown Corporation incurred fixed manufacturing costs of 26000 during 2017. Other information f...
Freetown Corporation incurred fixed manufacturing costs of 26000 during 2017. Other information for 2017
The budgeted denominator level is 2600
Units produced total 1500 units
Units sold total 1300
Beginning inventor was 0
The company uses absorption costing and the fixed manufacturing cost rate is based on the budgeted denominator level. Manufacturing variances are closed to costs of goods sold. Fixed manufacturing cost expensed on the income statements total
- 12077
- 0
- 22533
- 26000
Jupiter Corporation incurred fixed manufacturing cots of 19000 during 2017. Other information for 2017 includes
The budgeted denominator level is 2300
Units produced total 2600 units
Units sold total 1700
Variable costs per unit is 6
Beginning inventor is 0
The fixed manufacturing costs rate is based on the budgeted denominator level. Under absorbing costing, the production volume variance is _
- 0
- 2478
- 4278
- 2300
Sandra clothing company has invested 51000000 in its business. The target rate of the company is 12% has long term assets of 23000000. Costs of debt for the company 12000 units in the upcoming .what will be the target operating income per unit for Sandra’s clothing company?
- 153
- 510
- 340
- 230
Costing systems measure_
- Sunk costs
- Locked in costs
- Out of pocked costs
- Costs incurrence
Homework Answers
1)
| Fixed manufacturing costs (26000/2600x13000 | $ 13,000.00 |
| Fixed manufacturing costs included in ending inventory total: (26000/2600x200 | $ 2,000.00 |
| The production-volume variance is: ((2600-1500)x26000/2600 | $ 11,000.00 |
| Total Fixed Manufacturing cost | $ 26,000.00 |
2) production volume variance=19,000/2300 x300
=2,478
3)23,000,000 x 12%/12000
=$340
4)d.Cost incurrence
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