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During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows:...
During Heaton Company's first two years of operations, it reported absorption costing net operating income as...
During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Year 1 $ 1,140,000 741,000 399,000 307,000 Year 2 Sales (e $60 per unit) Cost of goods sold ( $39 per unit) Gross margin Selling and administrative expenses $1,740,000 1,131,000 609,000 337,000 Net operating income 92,000 272,000 $3 per unit variable; $250,000 fixed each year The company's $39 unit product cost is computed as follows Direct materials $ 10 13 Direct labor Variable...
During Heaton Company's first two years of operations, it reported absorption costing net operating income as...
During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Sales (@ $61 per unit) Cost of goods sold (@ $39 per unit) Gross margin Selling and administrative expenses* Net operating income Year 1 $ 1,098,000 702,000 396,000 307,000 89,000 Year 2 $1,708,000 1,092,000 616,000 337,000 $ 279,000 * $3 per unit variable; $253,000 fixed each year. The company's $39 unit product cost is computed as follows: Direct materials Direct labor Variable manufacturing...
During Heaton Company's first two years of operations, it reported absorption costing net operating income as...
During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Sales (@ $63 per unit) Cost of goods sold (@ $43 per unit) Gross margin Selling and administrative expenses* Net operating income Year 1 $ 945,000 645,000 300,000 294,000 $ 6,000 Year 2 $1,575,000 1,075,000 500,000 324,000 $ 176,000 *$3 per unit variable: $249,000 fixed each year. The company's $43 unit product cost is computed as follows: Direct materials Direct labor Variable manufacturing...
During Heaton Company’s first two years of operations, it reported absorption costing net operating income as...
During Heaton Company’s first two years of operations, it reported absorption costing net operating income as follows: Year 1 Year 2 Sales (@ $63 per unit) $ 1,134,000 $ 1,764,000 Cost of goods sold (@ $38 per unit) 684,000 1,064,000 Gross margin 450,000 700,000 Selling and administrative expenses* 307,000 337,000 Net operating income $ 143,000 $ 363,000 * $3 per unit variable; $253,000 fixed each year. The company’s $38 unit product cost is computed as follows: Direct materials $ 9...
During Heaton Company’s first two years of operations, it reported absorption costing net operating income as...
During Heaton Company’s first two years of operations, it reported absorption costing net operating income as follows: Year 1 Year 2 Sales (@ $63 per unit) $ 1,134,000 $ 1,764,000 Cost of goods sold (@ $35 per unit) 630,000 980,000 Gross margin 504,000 784,000 Selling and administrative expenses* 307,000 337,000 Net operating income $ 197,000 $ 447,000 * $3 per unit variable; $253,000 fixed each year. The company’s $35 unit product cost is computed as follows: Direct materials $ 8...
During Heaton Company's first two years of operations, it reported absorption costing net operating income as...
During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Sales (@ $60 per unit) Cost of goods sold (@ $43 per unit) Gross margin Selling and administrative expenses* Net operating income Year 1 $ 1,080,000 774,000 306,000 299,000 $ 7,000 Year 2 $1,680,000 1,204,000 476,000 329,000 $ 147,000 * $3 per unit variable; $245,000 fixed each year. The company's $43 unit product cost is computed as follows: Direct materials Direct labor Variable...
During Heaton Company's first two years of operations, it reported absorption costing net operating income as...
During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows Year 1 Year 2 Sales ( $63 per unit) Cost of goods sold ( $37 per unit) Gross margin Selling and administrative expenses $. 1,260,000 740,000 520,000 312,000 1,890,000 1,110,000 780,000 342,000 Net operating income $ 1208,000 438,000 "$3 per unit variable; $252,000 fixed each year. The company's $37 unit product cost is computed as follows Direct materials Direct labor Variable manufacturing overhead...
During Heaton Company's first two years of operations, the company reported absorption costing net operating income...
During Heaton Company's first two years of operations, the company reported absorption costing net operating income as follows: $ Sales (@ $60 per unit) Cost of goods sold (@ $39 per unit) Gross margin Selling and administrative expenses* Net operating income Year 1 $1,020,000 663,000 357,000 299,000 $ 58,000 Year 2 1,620,000 1,053,000 567,000 329,000 $ 238,000 *$3 per unit variable; $248,000 fixed each year. The company's $39 unit product cost is computed as follows: $ Direct materials Direct labor...
During Heaton Company's first two years of operations, it reported absorption costing net operating income as...
During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: ear Sales ( $61 per unit) s 1,037,000 1,647,000 680,000 357,000 11080 Cost of goods sold e $40 per unit) 567,000 335,000 Gross margin Selling and administrative expenses305,000 Net operating income $152,000 232,000 $3 per unit variable; $254,000 fixed each year. The company's $40 unit product cost is computed as follows: Direet materials Direct labor Variable manufacturing overhead Pixed manufacturing overhead ($396,000 22,000...
During Heaton Company’s first two years of operations, it reported absorption costing net operating income as...
During Heaton Company’s first two years of operations, it
reported absorption costing net operating income as follows:
* $3 per unit variable; $250,000 fixed each year.
The company’s $43 unit product cost is computed as follows:
Forty percent of fixed manufacturing overhead consists of wages
and salaries; the remainder consists of depreciation charges on
production equipment and buildings.
Production and cost data for the first two years of operatons
are:
Required:
1. Using variable costing, what is the unit product...
During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Year 1 $ 1,140,000 741,000 399,000 307,000 Year 2 Sales (e $60 per unit) Cost of goods sold ( $39 per unit) Gross margin Selling and administrative expenses $1,740,000 1,131,000 609,000 337,000 Net operating income 92,000 272,000 $3 per unit variable; $250,000 fixed each year The company's $39 unit product cost is computed as follows Direct materials $ 10 13 Direct labor Variable...
During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Sales (@ $61 per unit) Cost of goods sold (@ $39 per unit) Gross margin Selling and administrative expenses* Net operating income Year 1 $ 1,098,000 702,000 396,000 307,000 89,000 Year 2 $1,708,000 1,092,000 616,000 337,000 $ 279,000 * $3 per unit variable; $253,000 fixed each year. The company's $39 unit product cost is computed as follows: Direct materials Direct labor Variable manufacturing...
During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Sales (@ $63 per unit) Cost of goods sold (@ $43 per unit) Gross margin Selling and administrative expenses* Net operating income Year 1 $ 945,000 645,000 300,000 294,000 $ 6,000 Year 2 $1,575,000 1,075,000 500,000 324,000 $ 176,000 *$3 per unit variable: $249,000 fixed each year. The company's $43 unit product cost is computed as follows: Direct materials Direct labor Variable manufacturing...
During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Sales (@ $60 per unit) Cost of goods sold (@ $43 per unit) Gross margin Selling and administrative expenses* Net operating income Year 1 $ 1,080,000 774,000 306,000 299,000 $ 7,000 Year 2 $1,680,000 1,204,000 476,000 329,000 $ 147,000 * $3 per unit variable; $245,000 fixed each year. The company's $43 unit product cost is computed as follows: Direct materials Direct labor Variable...
During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows Year 1 Year 2 Sales ( $63 per unit) Cost of goods sold ( $37 per unit) Gross margin Selling and administrative expenses $. 1,260,000 740,000 520,000 312,000 1,890,000 1,110,000 780,000 342,000 Net operating income $ 1208,000 438,000 "$3 per unit variable; $252,000 fixed each year. The company's $37 unit product cost is computed as follows Direct materials Direct labor Variable manufacturing overhead...
During Heaton Company's first two years of operations, the company reported absorption costing net operating income as follows: $ Sales (@ $60 per unit) Cost of goods sold (@ $39 per unit) Gross margin Selling and administrative expenses* Net operating income Year 1 $1,020,000 663,000 357,000 299,000 $ 58,000 Year 2 1,620,000 1,053,000 567,000 329,000 $ 238,000 *$3 per unit variable; $248,000 fixed each year. The company's $39 unit product cost is computed as follows: $ Direct materials Direct labor...
During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: ear Sales ( $61 per unit) s 1,037,000 1,647,000 680,000 357,000 11080 Cost of goods sold e $40 per unit) 567,000 335,000 Gross margin Selling and administrative expenses305,000 Net operating income $152,000 232,000 $3 per unit variable; $254,000 fixed each year. The company's $40 unit product cost is computed as follows: Direet materials Direct labor Variable manufacturing overhead Pixed manufacturing overhead ($396,000 22,000...
During Heaton Company’s first two years of operations, it
reported absorption costing net operating income as follows:
* $3 per unit variable; $250,000 fixed each year.
The company’s $43 unit product cost is computed as follows:
Forty percent of fixed manufacturing overhead consists of wages
and salaries; the remainder consists of depreciation charges on
production equipment and buildings.
Production and cost data for the first two years of operatons
are:
Required:
1. Using variable costing, what is the unit product...
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