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Sully Company provided the following information for last month. Production in units 3,000 Direct materials cost $7,000...
THE Company provided the following cost information for last year when they produced and sold 120,000...
THE Company provided the following cost information for last year when they produced and sold 120,000 units: direct materials direct labor manufacturing overhead selling and administrative expenses $200,000 100,000 180,000 150,000 All costs are variable except for $100,000 of the manufacturing overhead and $50,000 of the selling and administrative expenses. Assume the selling price is $10 per unit. The net income THE Company would report from producing and selling 150,000 units would be equal to: $712,500 O $735,000 $750,000 $826,500...
Doon Company incurred the following costs while producing 480 units direct materials. 511 per unit direct...
Doon Company incurred the following costs while producing 480 units direct materials. 511 per unit direct labor, 529 per unit variable manufacturing overhead. 518 per unit total feed manufacturing overhead costs, 57,680 variable selling and administrative costs, S4 per unit, total feed selling and administrative costs, S4320 There are no beginning inventories What is the ending balance in Finished Goods Inventory using variable costing if 440 units are sold? O A. $5,280 OB. $7.920 OC. 52.480 OD. $2,320
Cost of Goods Sold, Sales Revenue, Income Statement Jasper Company provided the following information for last...
Cost of Goods Sold, Sales Revenue, Income Statement Jasper Company provided the following information for last year: Sales in units 280,000 Selling price $12 Direct materials 190,000 Direct labor 585,000 Manufacturing overhead 110,000 Selling expense 437,000 Administrative expense 854,000 Last year, beginning and ending inventories of work in process and finished goods equaled zero. Required: Calculate the cost of goods sold for last year.
Panther Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and...
Panther Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 5,000 units, its average costs per unit are as follows: Direct materials Average Cost per Unit $ 6.6 $ 4.65 $ 2.5 $ 2.8 Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense 0.7 0.4 $ $ $ $ 0.5 0.45 If 4,000 units are sold, the total variable cost is closest to:...
Waldhauser Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and...
Waldhauser Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 5,000 units, its average costs per unit are as follows: Average Cost per Unit Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense $ 6.10 $ 3.45 $ 1.75 $ 3.30 $ 0.75 $ 0.60 $ 1.50 $ 0.45 If 6,000 units are sold, the total variable cost is closest to:...
Bellucci Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing...
Bellucci Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost per cost per Unit Period $7.10 $3.95 $1.75 $105,300 $1.00 $0.50 $ 36,450 The incremental manufacturing cost that the company will incur if it increases production from 9,000 to 9,001 units is closest to (assume that the increase is within the relevant range): Multiple Choice $26.75 Oo oo $12.80 $30.05 UUULI MIL....
OBJECTIVE2 Exercise 2-31 Cost Classification Loring Company incurred the following costs last year: Sua Direct materials...
OBJECTIVE2 Exercise 2-31 Cost Classification Loring Company incurred the following costs last year: Sua Direct materials Factory rent Direct labor Factory utilities Supervision in the factory Indirect labor in the factory Depreciation on factory equipment Sales commissions Sales salaries Advertising Depreciation on the headquarters building Salary of the corporate receptionist Other administrative costs Salary of the factory receptionist S216,000 24,000 120,000 6,300 50,000 30,000 9,000 27,000 65,000 37,000 10,000 30,000 175,000 28,000 (Continued) Required: 1. Classify each of the costs...
Saxbury Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and...
Saxbury Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 5,400 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 5.30 Direct labor $ 3.55 Variable manufacturing overhead $ 1.60 Fixed manufacturing overhead $ 4.00 Fixed selling expense $ 0.70 Fixed administrative expense $ 0.55 Sales commissions $ 0.45 Variable administrative expense $ 0.45 Required: f. If 6,400 units are produced, what is the total amount...
QUESTION 2 Butteco Corporation has provided the following cost data for last year when 100,000 units...
QUESTION 2 Butteco Corporation has provided the following cost data for last year when 100,000 units were produced and sold: Raw materials ................ Direct labor.... Manufacturing overhead ............. Selling and administrative expense................... $200,000 $100,000 $200,000 $150,000 All costs are variable except for $100,000 of manufacturing overhead and $100,000 of selling and administrative expense. There are no beginning or ending inventories. If the selling price is $10 per unit, the net operating income from producing and selling 110,000 units would be:...
Pedregon Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $...
Pedregon Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 7.00 Direct labor $ 3.60 Variable manufacturing overhead $ 1.25 Fixed manufacturing overhead $ 10,800 Sales commissions $ 0.45 Variable administrative expense $ 0.55 Fixed selling and administrative expense $ 3,200 If 3,000 units are sold, the total variable cost is closest to:
THE Company provided the following cost information for last year when they produced and sold 120,000 units: direct materials direct labor manufacturing overhead selling and administrative expenses $200,000 100,000 180,000 150,000 All costs are variable except for $100,000 of the manufacturing overhead and $50,000 of the selling and administrative expenses. Assume the selling price is $10 per unit. The net income THE Company would report from producing and selling 150,000 units would be equal to: $712,500 O $735,000 $750,000 $826,500...
Doon Company incurred the following costs while producing 480 units direct materials. 511 per unit direct labor, 529 per unit variable manufacturing overhead. 518 per unit total feed manufacturing overhead costs, 57,680 variable selling and administrative costs, S4 per unit, total feed selling and administrative costs, S4320 There are no beginning inventories What is the ending balance in Finished Goods Inventory using variable costing if 440 units are sold? O A. $5,280 OB. $7.920 OC. 52.480 OD. $2,320
Cost of Goods Sold, Sales Revenue, Income Statement Jasper Company provided the following information for last year: Sales in units 280,000 Selling price $12 Direct materials 190,000 Direct labor 585,000 Manufacturing overhead 110,000 Selling expense 437,000 Administrative expense 854,000 Last year, beginning and ending inventories of work in process and finished goods equaled zero. Required: Calculate the cost of goods sold for last year.
Panther Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 5,000 units, its average costs per unit are as follows: Direct materials Average Cost per Unit $ 6.6 $ 4.65 $ 2.5 $ 2.8 Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense 0.7 0.4 $ $ $ $ 0.5 0.45 If 4,000 units are sold, the total variable cost is closest to:...
Waldhauser Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 5,000 units, its average costs per unit are as follows: Average Cost per Unit Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense $ 6.10 $ 3.45 $ 1.75 $ 3.30 $ 0.75 $ 0.60 $ 1.50 $ 0.45 If 6,000 units are sold, the total variable cost is closest to:...
Bellucci Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost per cost per Unit Period $7.10 $3.95 $1.75 $105,300 $1.00 $0.50 $ 36,450 The incremental manufacturing cost that the company will incur if it increases production from 9,000 to 9,001 units is closest to (assume that the increase is within the relevant range): Multiple Choice $26.75 Oo oo $12.80 $30.05 UUULI MIL....
OBJECTIVE2 Exercise 2-31 Cost Classification Loring Company incurred the following costs last year: Sua Direct materials Factory rent Direct labor Factory utilities Supervision in the factory Indirect labor in the factory Depreciation on factory equipment Sales commissions Sales salaries Advertising Depreciation on the headquarters building Salary of the corporate receptionist Other administrative costs Salary of the factory receptionist S216,000 24,000 120,000 6,300 50,000 30,000 9,000 27,000 65,000 37,000 10,000 30,000 175,000 28,000 (Continued) Required: 1. Classify each of the costs...
QUESTION 2 Butteco Corporation has provided the following cost data for last year when 100,000 units were produced and sold: Raw materials ................ Direct labor.... Manufacturing overhead ............. Selling and administrative expense................... $200,000 $100,000 $200,000 $150,000 All costs are variable except for $100,000 of manufacturing overhead and $100,000 of selling and administrative expense. There are no beginning or ending inventories. If the selling price is $10 per unit, the net operating income from producing and selling 110,000 units would be:...
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