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Homework Answers
Cost per unit of finished goods under variable costing = Direct materials + Direct labor + Variable overhead
Cost per unit of finished goods under variable costing = $13 + $15 + ($87,000/29,000)
Cost per unit of finished goods under variable costing = $31
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27 Required information The following information applies to the questions displayed below.] Advanced Company reports the...
Required information [The following information applies to the questions displayed below) Advanced Company reports the following...
Required information [The following information applies to the questions displayed below) Advanced Company reports the following information for the current year. All beginning inventory amounts equaled 50 this year Units produced this year Units sold this year 31,000 units 18,600 units 15 per unit 17 per unit $ 5 Tier 3155,000 in total Given Advanced Company's data, and the knowledge that the product is sold for $62 per unit and operating expenses are $260,000, compute the net income under variable...
Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0...
Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Units produced this year 33,000 units Units sold this year 19,800 units Direct materials $ 17 per unit Direct labor $ 19 per unit Variable overhead $ 3 per unit Fixed overhead $ 165,000 in total Given Advanced Company's data, compute cost per unit of finished goods under variable costing. Given Advanced Company's data, compute cost per unit of finished goods under...
Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0...
Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Units produced this year 34,000 units Units sold this year 20,400 units Direct materials $ 18 per unit Direct labor $ 20 per unit Variable overhead $ 102,000 in total Fixed overhead $ 170,000 in total Given Advanced Company's data, compute cost per unit of finished goods under variable costing. $38.00 $43.00 $39.88 $41.00 $46.00
Required information [The following information applies to the questions displayed below.) Cool Sky reports the following...
Required information [The following information applies to the questions displayed below.) Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 44,000 units and sold 36,000 units at a price of $110 per unit. Manufacturing costs Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead for the year Selling and administrative costs Variable selling and administrative cost per unit Fixed selling and...
Required information [The following information applies to the questions displayed below.) Cool Sky reports the following...
Required information [The following information applies to the questions displayed below.) Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 44,000 units and sold 36,000 units at a price of $110 per unit. Manufacturing costs Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead for the year Selling and administrative costs Variable selling and administrative cost per unit Fixed selling and...
Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0...
Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Units produced this year 42,000 units Units sold this year 25,200 units Direct materials $ 26 per unit Direct labor $ 28 per unit Variable overhead $ 126,000 in total Fixed overhead $ 210,000 in total Given Advanced Company's data, and the knowledge that the product is sold for $82 per unit and operating expenses are $370,000, compute the net income under...
4 Required Information [The following information applies to the questions displayed below.] Oak Mart, a producer...
4
Required Information [The following information applies to the questions displayed below.] Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. 3ee per unit 105,000 units 109,000 units 4,000 units $ 560, eee 300,000 $ 850,00 Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (4, eee units * $140) Fixed (4,000 units * $75) Total Manufacturing costs this year...
Required information [The following information applies to the questions displayed below.) Cool Sky reports the following...
Required information [The following information applies to the questions displayed below.) Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 46,000 units and sold 38,000 units at a price of $110 per unit. Manufacturing costs Direct materials per unit $ 42 Direct labor per unit $ 16 Variable overhead per unit $ 5 Fixed overhead for the year $414,000 Selling and administrative costs Variable selling and...
Required information [The following information applies to the questions displayed below) Cool Sky reports the following...
Required information [The following information applies to the questions displayed below) Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 46,000 units and sold 38,000 units at a price of $110 per unit Manufacturing costs Direct materials per unit $ 42 Direct labor per unit $ 16 Variable overhead per unit $ 5 Fixed overhead for the year $414,000 Selling and administrative costs Variable selling and...
Required information [The following information applies to the questions displayed below.] Cool Sky reports the following...
Required information [The following information applies to the questions displayed below.] Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 44,000 units and sold 36,000 units at a price of $120 per unit. $ A 48 18 A A Manufacturing costs Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead for the year Selling and administrative costs Variable selling and administrative...
Required information [The following information applies to the questions displayed below) Advanced Company reports the following information for the current year. All beginning inventory amounts equaled 50 this year Units produced this year Units sold this year 31,000 units 18,600 units 15 per unit 17 per unit $ 5 Tier 3155,000 in total Given Advanced Company's data, and the knowledge that the product is sold for $62 per unit and operating expenses are $260,000, compute the net income under variable...
Required information [The following information applies to the questions displayed below.) Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 44,000 units and sold 36,000 units at a price of $110 per unit. Manufacturing costs Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead for the year Selling and administrative costs Variable selling and administrative cost per unit Fixed selling and...
Required information [The following information applies to the questions displayed below.) Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 44,000 units and sold 36,000 units at a price of $110 per unit. Manufacturing costs Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead for the year Selling and administrative costs Variable selling and administrative cost per unit Fixed selling and...
4
Required Information [The following information applies to the questions displayed below.] Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. 3ee per unit 105,000 units 109,000 units 4,000 units $ 560, eee 300,000 $ 850,00 Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (4, eee units * $140) Fixed (4,000 units * $75) Total Manufacturing costs this year...
Required information [The following information applies to the questions displayed below.) Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 46,000 units and sold 38,000 units at a price of $110 per unit. Manufacturing costs Direct materials per unit $ 42 Direct labor per unit $ 16 Variable overhead per unit $ 5 Fixed overhead for the year $414,000 Selling and administrative costs Variable selling and...
Required information [The following information applies to the questions displayed below) Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 46,000 units and sold 38,000 units at a price of $110 per unit Manufacturing costs Direct materials per unit $ 42 Direct labor per unit $ 16 Variable overhead per unit $ 5 Fixed overhead for the year $414,000 Selling and administrative costs Variable selling and...
Required information [The following information applies to the questions displayed below.] Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 44,000 units and sold 36,000 units at a price of $120 per unit. $ A 48 18 A A Manufacturing costs Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead for the year Selling and administrative costs Variable selling and administrative...
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