A1 Original Data:23456789101112 Part 113141516Estimated MOHEstimated DLHS2829BSelling price per unitDirect materials per unitDirect labour per unitDirect labour-hours per unitEstimated annual productioPOR:1718 Sales19 Less product costs20212223 Total product costs24 Product marginDirect materialsDirect labourManufacturing overhead25 Units produced and sold:26 Product margin per unit27$1,350,000112,500High Grade$212.50$83.50$30.001.0075,000High GradeDProfessional$387.00$212.00$45.001.5025,000per DLHsProfessionalTotal

Income statement is one of financial statement being prepared in business. It shows all incomes and…

3 1 5 16 7 28 9 10 Original Data: Estimated MOH Estimated DLHS 11 12 Part 1 13 14 15 16 17 Selling price per unit Direct materials per unit Direct labour per unit Direct labour-hours per unit Estimated annual productio POR: 18 Sales 19 Less product costs 20 21 Direct materials Direct labour Manufacturing overhead. 22 23 Total product costs 24 Product margin 25 Units produced and sold 26 Product margin per unit 27 28 $1,350,000 112,500 High Grade $212.50 $83.50 $30.00 1.00 75,000 High Grade Professional $387.00 $212.00 $45.00 1.50 25,000 per DLHS Professional Total

3 1 5 16 7 28 9 10 Original Data: Estimated MOH Estimated DLHS 11 12 Part 1 13 14 15 16 17 Selling price per unit Direct materials per unit Direct labour per unit Direct labour-hours per unit Estimated annual productio POR: 18 Sales 19 Less product costs 20 21 Direct materials Direct labour Manufacturing overhead. 22 23 Total product costs 24 Product margin 25 Units produced and sold 26 Product margin per unit 27 28 $1,350,000 112,500 High Grade $212.50 $83.50 $30.00 1.00 75,000 High Grade Professional $387.00 $212.00 $45.00 1.50 25,000 per DLHS Professional Total

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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