A business operated at 100% capacity during its first month of operations, with the following results:   Sales (90 units)   $90,000 Production costs (100 units)         Direct materials $40,000       Direct labor   20,000       Variable factory overhead     2,000       Fixed factory overhead     7,000              Total manufacturing costs     69,000 Operating expenses:         Variable            Variable operating expenses $ 8,000          Fixed operating expenses     1,000              Total operating expenses       9,000   Use this information to complete a variable costing income statement.

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A: Product cost is the cost incurred on the production or making of a product. It is the cost that…

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A: Unit costs include all manufacturing fixed and variable cost. Variable costs are flexible as per…

Q: Ans

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Q: The following information was collected for the first year of manufacturing for Appliance Apps:…

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A: Product cost is the amount of cost incurred by the entity on the making of the goods. It includes…

Q: Sales (90 units)   $90,000 Production costs (100 units)        Direct materials $40,000…

A: Variable costing income statement refers to all the variable costs which are subtracted from income…

Q: .A business operated at 100% of capacity during its first month, with the following results: Sales…

A: Introduction: Variable costing: Variable costing product cost = Direct materials + Direct labor +…

Q: A business operated at 100% of capacity during its first month, with the following results: Sales…

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Q: A business operated at 100% of capacity during its first month, with the following results: Sales…

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A:

Q: What is the net operating income for the month under variable costing?

A: Here is the calculation of operating income for the month under variable costing method: -

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Q: A business operated at 100% of capacity during its first month, with the following results: Sales…

A: Absorption costing is one of the techniques used to calculate the amount of profit generated by the…

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A: Step 1: Introduction to the Absorption Costing:Under the absorption costing method, the fixed…

Q: A business operated at 100% of capacity during its first month, with the following results: Sales…

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A: Variable costing is a cost accounting and management concept that deducts fixed manufacturing…

Q: A business operated at 100% of capacity during its first month, with the following results: Sales…

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Q: A business operated at 100% of capacity during its first month, with the following results: Sales…

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Q: A business operated at 100% of capacity during its first month, with the following results: Sales…

A: Ending Inventory (in units) = 27 units Cost per unit = Total Production CostNumber of units…

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A: “Since you have posted a many questions, we will solve first question for you. To get the remaining…

Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.