t8Question 1 of 2 - Chapter 19 HW

Part 2: Based on the data presented in the Unit VII Spreadsheet Template in Excel (Full Variable tab), complete thecalculations listed below.• Calculate the value of ending inventory under full or absorption costing.• Calculate the value of ending inventory under variable costing.Which method you think is more helpful to managers and why.  Cookie Business     Productions Costs:   Direct material  $        0.60 Direct labor  $        1.00 Variable manufacturing overhead  $        0.40 Total variable manufacturing costs per unit  $        2.00     Fixed manufacturing overhead per year  $  139,000.00     In addition, the company has fixed selling and administrative costs: Fixed selling costs per year  $    50,000.00 Fixed administrative costs per year  $    65,000.00     Selling price per cookie   $              3.75     Number of cookies produced        2,780,000 Number of cookies sold        2,600,000     Full (absorption) costing :       Full…

Compute the product margins for the B300 and T500 under the company’s traditional costing system. 2. Compute the product margins for B300 and T500 under the activity-based costing system. 3. Prepare a quantitative comparison of the traditional and activity-based cost assignments.

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The following information pertanis to maverick industries

Blueberry Company reports the following information: Direct Materials $10 / unit Direct Labor $20 / unit Variable Overhead $10 / unit Fixed Overhead $160,000 for the year Units Produced $20,000 Units Sold $18,000 IF we use absorption costing - what is the product cost / unit? How much cost would be added to ending inventory for the period. IF we use variable costing - what is the product cost / unit? How much cost would be added to ending inventory for the period?

Prepare Income statement for the month of December 2020 assuming absorption Costing and Variable Costing and state the reason for difference in income computed between absorption costing and variable costing.

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Info in images Required: 1. Compute the product margins for the B300 and T500 under the company’s traditional costing system. 2. Compute the product margins for B300 and T500 under the activity-based costing system. 3. Prepare a quantitative comparison of the traditional and activity-based cost assignments.   1. Compute the product margins for the B300 and T500 under the company’s traditional costing system. (Round your intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount.)       B300 T500 Total Product margin     $0 2. Compute the product margins for B300 and T500 under the activity-based costing system. (Negative product margins should be indicated by a minus sign. Round your intermediate calculations to 2 decimal places.)     B300 T500 Total Product margin     $0 3. Prepare a quantitative comparison of the traditional and activity-based cost assignments. (Round your intermediate calculations to 2…

Info in images Required: 1. Compute the product margins for the B300 and T500 under the company’s traditional costing system. 2. Compute the product margins for B300 and T500 under the activity-based costing system. 3. Prepare a quantitative comparison of the traditional and activity-based cost assignments.   1. Compute the product margins for the B300 and T500 under the company’s traditional costing system. (Round your intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount.)       B300 T500 Total Product margin     $0 2. Compute the product margins for B300 and T500 under the activity-based costing system. (Negative product margins should be indicated by a minus sign. Round your intermediate calculations to 2 decimal places.)     B300 T500 Total Product margin     $0 3. Prepare a quantitative comparison of the traditional and activity-based cost assignments. (Round your intermediate calculations to 2…

Brindle Arts uses Variable Costing for internal purposes, but uses Absorption Costing for their financial reports. The following information is for Quarter 4, 2021 and Quarter 1, 2022.     Calculate unit product costs for Quarters 4 and 1 for Variable and Absorption Costing. Prepare an income statement for each method, then show why there is a difference between the two.                   Selling price per unit  $            150                           Quarter 4 Quarter 1   Variable costs per unit   Units in beginning inventory                    -                 1,750   Direct materials  $        45.00   Production (in units)           15,000            10,750   Direct labor  $        20.00   Sales (in units)           13,250            12,500   Variable overhead  $        15.00   Ending inventory             1,750                     -      Variable S&A  $        10.00                 Fixed Costs in total per quarter         Fixed manufacturing overhead…

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show Total Period cost by using absorption costing.

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Determine the variable cost per order shipped ??

What is the unit product cost for the year using absorption costing ?