Homework Answers
| Particulars | Per unit ($) |
| Direct materials | 100.00 |
| Add: Direct labor | 30.00 |
| Add: Variable overhead [$8.00 + $3.00] | 11.00 |
| Add: Fixed Overhead [($600,000 + $120,000) / 50,000 Units] | 14.40 |
| Total product costing using the Absorpotion costing | 155.40 |
| Add: Target Profit [$155.40 x 40%] | 62.16 |
| Target selling price | 217.56 |
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Orange Enterprise
Orange Enterprises manufactures tablets and provided the below Information The absorption costing method is...
Exercise 19-11 Pricing with Absorption Costing $100 $30 Calculate absorption cost per unit: Direct materials Direct...
Exercise 19-11 Pricing with Absorption Costing $100 $30 Calculate absorption cost per unit: Direct materials Direct labor Variable overhead Fixed overhead Total Absorption Cost per unit $8 $12 600,000/50,000 $150 $60 Target Selling price per unit: Absorption Cost per unit $150 Target Selling price per unit $210 Exercise 19-11 Absorption costing and product pricing @P4 Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses absorption costing and has a target markup of 40%...
Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses absorption costin...
Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit. Direct materials cost Direct labor cost Variable overhead cost Fixed overhead cost Variable selling and administrative expenses Fixed selling and administrative expenses Expected production (and sales) ta ta ta ta ta 128 per unit 58 per unit 36 per unit $ 231,000 per year $ 17 per unit $ 190,000...
Exercise 19-11 Absorption costing and product pricing LO P4 Sirhuds Inc., a maker of smartwatches, reports...
Exercise 19-11 Absorption costing and product pricing LO P4 Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit. Direct materials cost $ 106 per unit Direct labor cost $ 36 per unit Variable overhead cost $ 14 per unit Fixed overhead cost $ 220,000 per year Variable selling and administrative expenses $ 6 per unit Fixed selling and...
Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses...
Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit Direct materials cost Direct labor cost Variable overhead cost Fixed overhead cost Variable selling and administrative expenses Fixed selling and administrative expenses Expected production (and sales) 134 per unit $ 64 per unit 42 per unit $192,000 per year 20 per unit $205,000 per year 16,000 units per year Compute...
Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses...
Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit. Direct materials cost Direct labor cost Variable overhead cost Fixed overhead cost Variable selling and administrative expenses Fixed selling and administrative expenses Expected production and sales) $ 128 per unit 58 per unit 36 per unit $231,000 per year 17 per unit $190.000 per year 22,000 units per year Compute...
Sirhuds Inc., a maker of smart watches, reports the information below on its product. The company...
Sirhuds Inc., a maker of smart watches, reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit. Compute the target selling price per unit under absorption costing. Direct Materials Cost.........................................$100 per unit Direct Labor Cost..............................................$30 per unit Variable Overhead Cost......................................$8 per unit Fixed Overhead Cost..........................................$600,000 per year Variable selling and administrative expenses........$3 per unit Fixed selling and administrative expenses...........$120,000 per year Expected production (and sales).........................50,000 units...
Whitman Company has just completed its first year of operations. The company's absorption costing income statement...
Whitman Company has just completed its first year of operations. The company's absorption costing income statement for the year follows: Whitman Company Income Statement Sales (42,000 units * $43.10 per unit) Coat of goods sold (42,000 units * $22 per unit) Gross margin Selling and administrative expenses Net operating income $1,810,200 924,000 886,200 483.000 $ 403,200 The company's selling and administrative expenses consist of $315,000 per year in fixed expenses and $4 per unit sold in variable expenses. The $22...
Exercise 19-5 Absorption costing and variable costing income statements LO P2 Rey Company's single product sells...
Exercise 19-5 Absorption costing and variable costing income statements LO P2 Rey Company's single product sells at a price of $216 per unit. Data for its single product for its first year of operations follow. 20 per unit 28 per unit Direct materials Direct labor Overhead costs Variable overhead Pixed overhead per year Selling and administrative expenses Variable Fixed Units produced and sold 6 per unit $ 160,000 per year 18 per unit $ 200,000 per year 20,000 units 1....
QS 19-17 Absorption costing and product pricing LO P4 A manufacturer reports the following information on...
QS 19-17 Absorption costing and product pricing LO P4 A manufacturer reports the following information on its product. 1.25 points eBook Direct materials cost Direct labor cost Variable overhead cost Fixed overhead cost Target markup $ 52.00 per unit $ 12.20 per unit $ 6.20 per unit $ 2.20 per unit 30 % Hint Ask Print Compute the target selling price per unit under absorption costing. References Target selling price per unit
Exercise 19-11 Absorption costing and product pricing LO P4 Help Save & EX Sirhuds Inc., a...
Exercise 19-11 Absorption costing and product pricing LO P4 Help Save & EX Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit Check Direct materials cost Direct Labor cost Variable overhead cost Pixed overhead cost Variable selling and administrative expenses Fixed selling and administrative expenses Expected production (and sales) 100 per unit 30 per unit per unit $600,000 per...
Exercise 19-11 Pricing with Absorption Costing $100 $30 Calculate absorption cost per unit: Direct materials Direct labor Variable overhead Fixed overhead Total Absorption Cost per unit $8 $12 600,000/50,000 $150 $60 Target Selling price per unit: Absorption Cost per unit $150 Target Selling price per unit $210 Exercise 19-11 Absorption costing and product pricing @P4 Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses absorption costing and has a target markup of 40%...
Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit. Direct materials cost Direct labor cost Variable overhead cost Fixed overhead cost Variable selling and administrative expenses Fixed selling and administrative expenses Expected production (and sales) ta ta ta ta ta 128 per unit 58 per unit 36 per unit $ 231,000 per year $ 17 per unit $ 190,000...
Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit Direct materials cost Direct labor cost Variable overhead cost Fixed overhead cost Variable selling and administrative expenses Fixed selling and administrative expenses Expected production (and sales) 134 per unit $ 64 per unit 42 per unit $192,000 per year 20 per unit $205,000 per year 16,000 units per year Compute...
Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit. Direct materials cost Direct labor cost Variable overhead cost Fixed overhead cost Variable selling and administrative expenses Fixed selling and administrative expenses Expected production and sales) $ 128 per unit 58 per unit 36 per unit $231,000 per year 17 per unit $190.000 per year 22,000 units per year Compute...
Whitman Company has just completed its first year of operations. The company's absorption costing income statement for the year follows: Whitman Company Income Statement Sales (42,000 units * $43.10 per unit) Coat of goods sold (42,000 units * $22 per unit) Gross margin Selling and administrative expenses Net operating income $1,810,200 924,000 886,200 483.000 $ 403,200 The company's selling and administrative expenses consist of $315,000 per year in fixed expenses and $4 per unit sold in variable expenses. The $22...
Exercise 19-5 Absorption costing and variable costing income statements LO P2 Rey Company's single product sells at a price of $216 per unit. Data for its single product for its first year of operations follow. 20 per unit 28 per unit Direct materials Direct labor Overhead costs Variable overhead Pixed overhead per year Selling and administrative expenses Variable Fixed Units produced and sold 6 per unit $ 160,000 per year 18 per unit $ 200,000 per year 20,000 units 1....
QS 19-17 Absorption costing and product pricing LO P4 A manufacturer reports the following information on its product. 1.25 points eBook Direct materials cost Direct labor cost Variable overhead cost Fixed overhead cost Target markup $ 52.00 per unit $ 12.20 per unit $ 6.20 per unit $ 2.20 per unit 30 % Hint Ask Print Compute the target selling price per unit under absorption costing. References Target selling price per unit
Exercise 19-11 Absorption costing and product pricing LO P4 Help Save & EX Sirhuds Inc., a maker of smartwatches, reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit Check Direct materials cost Direct Labor cost Variable overhead cost Pixed overhead cost Variable selling and administrative expenses Fixed selling and administrative expenses Expected production (and sales) 100 per unit 30 per unit per unit $600,000 per...
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