Homework Answers
Solution:
Fixed Overhead cost per unit if 80000 units are produced = $720000/ 80000 = $9 per unit
Fixed overhead cost deferred in ending inventory = (80000 units - 60000 units) * $9 = $180,000
Therefore, due to fixed overhead deferred, Gross margin would increase by $180,000.
Hence,
Increase in Gross Margin under absorption costing = $180,000 Increase
Add Answer to:
19.12
Jacquie Inc. reports the following annual cost data for its single product. Normal production and...
Jacquie Inc. reports the following annual cost data for its single product. Normal production and sales...
Jacquie Inc. reports the following annual cost data for its single product. Normal production and sales level 60,000 units Sales price 56.00 per unit Direct materials 9.00 per unit Direct labor 6.50 per unit Variable overhead 11.00 per unit $720,000 in total Fixed overhead Complete the below table using absorption costing. (Round cost per unit answers to 2 decimal place.) Production volume Cost of goods sold 60,000 units 80,000 units Cost of goods sold per unit Number of units sold...
Jacquie Inc. reports the following annual cost data for its single product. Normal production and sales...
Jacquie Inc. reports the following annual cost data for its single product. Normal production and sales level 60,000 units Sales price 56.00 per unit Direct materials 9.00 per unit Direct labor 6.50 per unit Variable overhead 11.00 per unit $720,000 in total Fixed overhead Complete the below table using absorption costing. (Round cost per unit answers to 2 decimal place.) Production volume Cost of goods sold 60,000 units 80,000 units Cost of goods sold per unit Number of units sold...
Jacquie Inc. reports the following annual cost data for its single product. Normal production and sales...
Jacquie Inc. reports the following annual cost data for its single product. Normal production and sales level Sales price Direct materials Direct labor Variable overhead Fixed overhead 71,000 units $57.10 per unit $10.10 per unit 7.60 per unit $12.10 per unit $1,086,300 in total Complete the below table using absorption costing. (Round cost per unit answers to 2 decimal place.) Production volume Cost of goods solo: 71,000 units 102,000 units Cost of goods sold per unit Number of units sold...
Exercise 19-12 Absorption costing and overproduction LO C1 Jacquie Inc. reports the following annual cost data...
Exercise 19-12 Absorption costing and overproduction LO C1 Jacquie Inc. reports the following annual cost data for its slingle product. Normal production and sales level Sales price 73,eee units 57.30 per unit 10.30 per unit 7.80 per unit 12.30 per unit $1,160,7ee in total Direct materials Direct labor Variable overhead Fixed overhead Complete the below table using absorption costing. (Round cost per unit answers to 2 decimal place.) Production volume Cost of goods sold: 73,000 units 106,000 units Cost of...
Exercise 19-12 Absorption costing and overproduction LO C1 Jacquie Inc. reports the following annual cost data...
Exercise 19-12 Absorption costing and overproduction LO C1 Jacquie Inc. reports the following annual cost data for its single product 1.25 points eBook Normal production and sales level Sales price Direct materials Direct labor Variable overhead Fixed overhead 78,000 units $ 57.80 per unit $ 10.80 per unit 8.30 per unit $ 12.80 per unit $1,357, 200 in total Hint Ask Complete the below table using absorption costing. (Round cost per unit answers to 2 decimal place.) Production volume 78,000...
Ramort Company reports the following cost data for its single product. The company regularly sells 20,600...
Ramort Company reports the following cost data for its single product. The company regularly sells 20,600 units of its product at a price of $69 per unit. 13 per unit 15 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead per year Selling and administrative costs for the year Variable Fixed Normal production level (in units) $ 6 per unit $41,200 $ 8 per unit $ 65,800 20,600 units If Ramort doubles its production...
Ramort Company reports the following cost data for its single product. The company regularly sells 20,000...
Ramort Company reports the following cost data for its single
product. The company regularly sells 20,000 units of its product at
a price of $60 per unit. If Ramort doubles its production to 40,000
units while sales remain at the current 20,000-unit level, by how
much would the company's contribution margin increase or decrease
under variable costing?
Direct materials
$
10
per unit
Direct labor
$
12
per unit
Overhead costs for the year
Variable
overhead
$
3
per...
Ramort Company reports the following cost data for its single product. The company regularly sells 23,200...
Ramort Company reports the following cost data for its single product. The company regularly sells 23,200 units of its product at a price of $84 per unit. If Ramort doubles its production to 46,400 units while sales remain at the current 23,200-unit level, by how much would the company's contribution margin increase or decrease under variable costing? $ $ 18 per unit 20 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead per year...
Ramort Company reports the following cost data for its single product. The company regularly sells 20,000...
Ramort Company reports the following cost data for its single product. The company regularly sells 20,000 units of its product at a price of $60 per unit. ► 10 per unit 12 per unit ይ ቆ Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead per year Selling and administrative costs for the year Variable Fixed Normal production level (in units) 3 per unit $40,000 ቃ $ 2 per unit $65,200 20,000 units Compute gross margin...
Ramort Company reports the following cost data for its single product. The company regularly sells 16,000...
Ramort Company reports the following cost data for its single product. The company regularly sells 16,000 units of its product at a price of $52.00 per unit. $ $ 9.20 per unit 11.20 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead per year Selling and administrative costs for the year Variable Fixed Normal production level (in units) $ 2.20 per unit $14,400.00 $ $ 1.20 per unit 64,400 16,000 units Compute gross margin...
Jacquie Inc. reports the following annual cost data for its single product. Normal production and sales level 60,000 units Sales price 56.00 per unit Direct materials 9.00 per unit Direct labor 6.50 per unit Variable overhead 11.00 per unit $720,000 in total Fixed overhead Complete the below table using absorption costing. (Round cost per unit answers to 2 decimal place.) Production volume Cost of goods sold 60,000 units 80,000 units Cost of goods sold per unit Number of units sold...
Jacquie Inc. reports the following annual cost data for its single product. Normal production and sales level 60,000 units Sales price 56.00 per unit Direct materials 9.00 per unit Direct labor 6.50 per unit Variable overhead 11.00 per unit $720,000 in total Fixed overhead Complete the below table using absorption costing. (Round cost per unit answers to 2 decimal place.) Production volume Cost of goods sold 60,000 units 80,000 units Cost of goods sold per unit Number of units sold...
Jacquie Inc. reports the following annual cost data for its single product. Normal production and sales level Sales price Direct materials Direct labor Variable overhead Fixed overhead 71,000 units $57.10 per unit $10.10 per unit 7.60 per unit $12.10 per unit $1,086,300 in total Complete the below table using absorption costing. (Round cost per unit answers to 2 decimal place.) Production volume Cost of goods solo: 71,000 units 102,000 units Cost of goods sold per unit Number of units sold...
Exercise 19-12 Absorption costing and overproduction LO C1 Jacquie Inc. reports the following annual cost data for its slingle product. Normal production and sales level Sales price 73,eee units 57.30 per unit 10.30 per unit 7.80 per unit 12.30 per unit $1,160,7ee in total Direct materials Direct labor Variable overhead Fixed overhead Complete the below table using absorption costing. (Round cost per unit answers to 2 decimal place.) Production volume Cost of goods sold: 73,000 units 106,000 units Cost of...
Exercise 19-12 Absorption costing and overproduction LO C1 Jacquie Inc. reports the following annual cost data for its single product 1.25 points eBook Normal production and sales level Sales price Direct materials Direct labor Variable overhead Fixed overhead 78,000 units $ 57.80 per unit $ 10.80 per unit 8.30 per unit $ 12.80 per unit $1,357, 200 in total Hint Ask Complete the below table using absorption costing. (Round cost per unit answers to 2 decimal place.) Production volume 78,000...
Ramort Company reports the following cost data for its single product. The company regularly sells 20,600 units of its product at a price of $69 per unit. 13 per unit 15 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead per year Selling and administrative costs for the year Variable Fixed Normal production level (in units) $ 6 per unit $41,200 $ 8 per unit $ 65,800 20,600 units If Ramort doubles its production...
Ramort Company reports the following cost data for its single
product. The company regularly sells 20,000 units of its product at
a price of $60 per unit. If Ramort doubles its production to 40,000
units while sales remain at the current 20,000-unit level, by how
much would the company's contribution margin increase or decrease
under variable costing?
Direct materials
$
10
per unit
Direct labor
$
12
per unit
Overhead costs for the year
Variable
overhead
$
3
per...
Ramort Company reports the following cost data for its single product. The company regularly sells 23,200 units of its product at a price of $84 per unit. If Ramort doubles its production to 46,400 units while sales remain at the current 23,200-unit level, by how much would the company's contribution margin increase or decrease under variable costing? $ $ 18 per unit 20 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead per year...
Ramort Company reports the following cost data for its single product. The company regularly sells 20,000 units of its product at a price of $60 per unit. ► 10 per unit 12 per unit ይ ቆ Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead per year Selling and administrative costs for the year Variable Fixed Normal production level (in units) 3 per unit $40,000 ቃ $ 2 per unit $65,200 20,000 units Compute gross margin...
Ramort Company reports the following cost data for its single product. The company regularly sells 16,000 units of its product at a price of $52.00 per unit. $ $ 9.20 per unit 11.20 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead per year Selling and administrative costs for the year Variable Fixed Normal production level (in units) $ 2.20 per unit $14,400.00 $ $ 1.20 per unit 64,400 16,000 units Compute gross margin...
Most questions answered within 3 hours.
-
A firm is considering the purchase of a machine which would
represent an investment of $23...
asked 2 minutes from now -
Flower colour in a plant species is determined by two genes,
gene B and gene P....
asked 52 seconds ago -
findWordCrossIndex(horizontalWord, verticalWord) This function
finds and returns the index in the string "horizontalWord" of the
first...
asked 3 minutes ago -
evaluate the statements below and select those that correctly apply
to the role of PAMPs and...
asked 10 minutes ago -
Congratulations! You have just won the Lottery. The Lottery
Commission informs you that you can choose...
asked 16 minutes ago -
bulk flow (in respiration) moves blood from?
Air in and out of lungs?
air into lungs?...
asked 21 minutes ago -
Which of the following describes a private network?
1. A wide area network (WAN) linking sites...
asked 35 minutes ago -
The purpose of this
lab: Wireshark Intro Lab
is to get students
familiar with the use of...
asked 44 minutes ago -
Question 3
A 50 percent deduction is allowed for amounts paid or incurred for
dues and...
asked 42 minutes ago -
Assuming that the wave speed varies little when sound waves are
traveling through a material that...
asked 57 minutes ago -
The rise of online shopping and Amazon, in particular, has
created major dilemmas for large food/CPG...
asked 56 minutes ago -
Is oxygen difluoride polar or nonpolar?
nonpolar
polar
ionic
none of the above
asked 1 hour ago