Homework Answers
As per policy, only four parts of a question are allowed to answer at a time, so answering 1 to 5 here :
| Exercise 2) | |||||||
| 1 & 2) Product unit cost: | |||||||
| Variable costing | Absorption costing | Calculation | |||||
| DM | 24 | 24 | 960000/40000 | ||||
| DL | 14 | 14 | 560000/40000 | ||||
| VMO | 2 | 2 | 80000/40000 | ||||
| FMO | Not applicable | 20 | 800000/40000 | ||||
| Product Unit Cost | 40 | 60 | |||||
| 3) Under the pull approach, we assume that our sales is our production. | |||||||
| So, under absorption costing, considering the pull approach of costing, | |||||||
| we will allocate the Fixed manufacturing overheads to the sold out units | |||||||
| only. Thus, | |||||||
| Absorption costing | Calculation | ||||||
| DM | 24 | 960000/40000 | |||||
| DL | 14 | 560000/40000 | |||||
| VMO | 2 | 80000/40000 | |||||
| FMO | 22.86 | 800000/35000 | |||||
| Product Unit Cost | 62.86 | ||||||
| 4) Total contribution margin: | |||||||
| Under Variable costing, total contribution margin = Unit sale price - Total manufacturing cost = $80 - $40 = $40 | |||||||
| 5) Gross Margin under absorption costing: It is gap of Total Sales and Cost incurred to create units that are sold. | |||||||
| Gross Margin = (Unit Sale price - Unit manufacturing cost under absorption)* units sold | |||||||
| ($80 - $60) * 35000 = $700000 | |||||||
Add Answer to:
Please help me to solve this exercise. I m very very appreciate if you could provide...
Easy Company manufactures one product that is sold for $ 80 per unit. The following information...
Easy Company manufactures one product that is sold for $ 80 per unit. The following information pertains to the company’s first year of operation in which it produced 40,000 units (capacity was 50,000 units) and sold 35,000 units. Manufacturing: Direct materials $960,000 Direct labor $560,000 Variable manufacturing overhead $80,000 Fixed manufacturing overhead $800,000 Selling, General and Administrative: Variable selling and administrative $140,000 Fixed selling, general and administrative $420,000 The company operates in Italy. (So direct labor is considered fixed) Required:...
Could you please help me to solve this exercise, i know it is quite long, but...
Could you please help me to solve this exercise, i know it is
quite long, but please do as much as as you are allowed to do. I
appreciate very much if you can explain in details how the numbers
come from so that I can apply using the way for similar
exercises
Many thanks
) Cost assisgnment Evercise NYz manufactures two products: A and the following per-unit information A rview of the company accounting records revealed per-unit intformation Production...
If you do not know the answer can you please let another tutor answer it? Denton...
If you do not know the answer can you please let another tutor
answer it?
Denton Company manufactures and sells a single product. Cost data for the product are given: $ 6 NWN Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Total variable cost per unit Fixed costs per month: Fixed manufacturing overhead Fixed selling and administrative Total fixed cost per month $ 23 $ 150,000 163,000 $ 313,000 The product sells for...
Could you please help me to solve this exercise, I m very grateful if you can...
Could you please help me to solve this exercise, I m very
grateful if you can leave the formula of calculation in details so
that I can understand how to solve myself for other similar
exercises
Many thanks
CAB Company manufactures two different products: "X" and "Y". The following information is known: Quantity made Direct labor (per unit) Number of components (per unit) Product "X" 10,000 2 minutes Product "Y" 2,000 4 minutes 25 Total fixed manufacturing overhead are $...
Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of ope...
Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 141 Units in beginning inventory Units produced Units sold Units in ending inventory 2,500 2,080 420 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense 40 31 7 ta ta ta ta $50,000 $18,720 The total gross margin for the month...
Please help with how to solve this problem: During Heaton Company's first two years of operations,...
Please help with how to solve this problem:
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 (@ $32 per unit) Gross margin Selling and administrative expenses Net operating income Year 1 $ 1,220,000 640,000 580,000 305,000 275,000 Year 2 $ 1,830,000 960,000 870,000 335,000 $ 535,000 *$3 per unit variable: $245,000 fixed each year. The company's $32 unit product cost is computed...
Could you please help me to solve this exercise. I m very grateful if you can...
Could you please help me to solve this exercise. I m very grateful if you can do it in details with so that i can understand how numbers come from. Many many thanks. Anna. HiTech Products manufactures three types of DVD player, Economy, Standard and Deluxe. The Co. which uses activity- based costing, has identified five activities. Each activity, its budgeted cost and related cost driver is identified below: Activity Cost Cost Drivers Material handling $225,000 No. of parts Material...
Variable vs. Absorption Costing Selling price per unit 50.00 No Video for this worksheet $ Mandturing...
Variable vs. Absorption Costing Selling price per unit 50.00 No Video for this worksheet $ Mandturing cost Variable per unit produced: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year 11.00 6.00 REQUIRED: Calculate the unit cost and prepare a traditional Income statements using absorption costing. Calculate the unit cost and prepare a variable costing Income statement. Check your work using the values on the check figure tab. $ 120,000 Selling and administrative expenses Variable per unit...
Help Save & E Gabuat Corporation, which has only one product, has provided the following data...
Help Save & E Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 136 Units in beginning inventory Units produced Units sold Units in ending inventory 3,400 2,920 480 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense wwww $68,000 $14,600 The total gross margin for the month under the...
Can you please provide complete work/steps to solve requirements 1--3 for this problem?? Thank you! During...
Can you please provide complete work/steps to solve
requirements 1--3 for this problem?? Thank you!
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 (@ $37 per unit) Gross margin Selling and administrative expenses* Net operating income Year 1 $ 1,071,000 629,000 442,000 305,000 $ \137,000 Year 2 $ 1,701,000 999,000 702,000 335,000 $ 367,000 * $3 per unit variable; $254,000 fixed each...
Could you please help me to solve this exercise, i know it is
quite long, but please do as much as as you are allowed to do. I
appreciate very much if you can explain in details how the numbers
come from so that I can apply using the way for similar
exercises
Many thanks
) Cost assisgnment Evercise NYz manufactures two products: A and the following per-unit information A rview of the company accounting records revealed per-unit intformation Production...
If you do not know the answer can you please let another tutor
answer it?
Denton Company manufactures and sells a single product. Cost data for the product are given: $ 6 NWN Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Total variable cost per unit Fixed costs per month: Fixed manufacturing overhead Fixed selling and administrative Total fixed cost per month $ 23 $ 150,000 163,000 $ 313,000 The product sells for...
Could you please help me to solve this exercise, I m very
grateful if you can leave the formula of calculation in details so
that I can understand how to solve myself for other similar
exercises
Many thanks
CAB Company manufactures two different products: "X" and "Y". The following information is known: Quantity made Direct labor (per unit) Number of components (per unit) Product "X" 10,000 2 minutes Product "Y" 2,000 4 minutes 25 Total fixed manufacturing overhead are $...
Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 141 Units in beginning inventory Units produced Units sold Units in ending inventory 2,500 2,080 420 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense 40 31 7 ta ta ta ta $50,000 $18,720 The total gross margin for the month...
Please help with how to solve this problem:
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 (@ $32 per unit) Gross margin Selling and administrative expenses Net operating income Year 1 $ 1,220,000 640,000 580,000 305,000 275,000 Year 2 $ 1,830,000 960,000 870,000 335,000 $ 535,000 *$3 per unit variable: $245,000 fixed each year. The company's $32 unit product cost is computed...
Variable vs. Absorption Costing Selling price per unit 50.00 No Video for this worksheet $ Mandturing cost Variable per unit produced: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year 11.00 6.00 REQUIRED: Calculate the unit cost and prepare a traditional Income statements using absorption costing. Calculate the unit cost and prepare a variable costing Income statement. Check your work using the values on the check figure tab. $ 120,000 Selling and administrative expenses Variable per unit...
Help Save & E Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 136 Units in beginning inventory Units produced Units sold Units in ending inventory 3,400 2,920 480 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense wwww $68,000 $14,600 The total gross margin for the month under the...
Can you please provide complete work/steps to solve
requirements 1--3 for this problem?? Thank you!
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 (@ $37 per unit) Gross margin Selling and administrative expenses* Net operating income Year 1 $ 1,071,000 629,000 442,000 305,000 $ \137,000 Year 2 $ 1,701,000 999,000 702,000 335,000 $ 367,000 * $3 per unit variable; $254,000 fixed each...
Most questions answered within 3 hours.
-
Please answer ASAP 2) Choose a point at random from the unit
square [0, 1] ×...
asked 12 minutes ago -
Draw the Lewis structures and determine which of these
molecules has a central atom that unavoidably...
asked 12 minutes ago -
Do we typically carry antibodies against the RH antigen in our
blood plasma?
asked 15 minutes ago -
What are the differences between an antibiotic, a semisynthetic,
and a synthetic as types of antimicrobials?
asked 11 minutes ago -
One mole of oxygen gas is at a pressure of 5.90 atm and a
temperature of...
asked 18 minutes ago -
The primary side of a transformer has 935 turns and is connected
to 118 Volts A/C....
asked 17 minutes ago -
This must be done in Java and it must contain a public static
void (string []args)...
asked 20 minutes ago -
An economy has a Cobb–Douglas production function:
Y=Kα(LE)1−αY=Kα(LE)1−α
The economy has a capital share of 0.30,...
asked 35 minutes ago -
60.0 mL of a silver chlorate solution with a concentration of
0.654 M is mixed with...
asked 40 minutes ago -
Asked if he has any regrets about the way he's handled the
coronavirus crisis so far,...
asked 51 minutes ago -
True or False?
Considering a door as a rigid body. Its angular motion happens
in a...
asked 55 minutes ago -
In
IUPAC naming, do we concider the prefix in alphabatizing?
In other words do we look...
asked 1 hour ago