Provide answer this accounting question A cement manufacturer has supplied the following data:Tons of cement produced and sold 268,000Sales revenue$1,098,800Variable manufacturing expense $437,000Fixed manufacturing expenseVariable selling and administrative$234,000$99,000expenseFixed selling and administrative$224,000expenseNet operating income$104,800What is the company's unit contribution margin?A. $2.00 per unitB. $2.10 per unitC. $4.10 per unitD. S0.12 per unit

Step 1: Define Contribution Margin AnalysisThe contribution margin analysis usually involves…

Answered: A cement manufacturer has supplied the…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PB: The following product costs are available for Stellis Company on the production of erasers: direct...

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A cement manufacturer has supplied the following data: Tons of cement produced and sold Sales revenue 260,000 $ 1,118,000 Variable manufacturing expense $ 429,000 Fixed manufacturing expense $ 288,000 $ 91,000 Variable selling and administrative expense Fixed selling and administrative expense Net operating income $ 228,000 $82,000 What is the company's unit contribution margin? (Round your intermediate calculations to 2 decimal places.) Multiple Choice $4.30 per unit $0.32 per unit h
A cement manufacturer has supplied the following data: Tons of cement produced and sold Sales revenue Variable manufacturing expense Fixed manufacturing expense Variable selling and administrative expense Fixed selling and administrative expense Net operating income What is the company's unit contribution margin? (Round your intermediate calculations to 2 decimal places.) Multiple Choice $2.00 per unit $0.32 per unit O $4.30 per unit 235,000 $1,010,500 $ 416,000 $ 275,000 $ 54,000 $ 215,000 $ 50,500 $2.30 per unit
8) A cement manufacturer has supplied the following data: Tons of cement produced and sold=220000 sales revenue=$924,000 variable manufacturing exp=$297,000 fixed manufacturing exp=$280,000 variable selling and admin. exp.=$180,000 fixed selling and admin. exp.=$82,000 The company's contribution margin and net income are: Group of answer choices $447,000 and $85,000 $562,000 and $100,000 $347,000 and $85,000 $662,000 and $82,000
A manufacturer of potting soil has the following financial data: Pounds produced and sold 31,000 Sales $248,000 Less: Variable manufacturing costs 157,500 Fixed manufacturing costs 12,600 Variable selling and administrative costs 37,800 Fixed selling and administrative costs 18,900 Net operating income $21,200 (a) What is the company's per unit contribution margin? (Round answer to 2 decimal places, e.g. 1.64.) Per unit contribution margin $
A manufacturer of flour has supplied the following data: Tons of flour produced and sold 254,000 Sales revenue $ 1,066,800 Variable manufacturing expense $ 423,000 Fixed manufacturing expense $ 282,000 Variable selling and administrative expense $ 85,000 Fixed selling and administrative expense $ 222,000 Net operating income $ 54,800 What is the company's unit contribution margin?
Dobosh Corporation has provided the following information: Cost per Unit $ 7.65 $ 4.25 $ 2.20 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling andadministrative expense $ 2.10 $ 1.15 Cost per Period $ 132,600 Required: a. For financial reporting purposes, what is the total amount of product costs incurred to make 9,240 units? b. For financial reporting purposes, what is the total amount of period costs incurred to sell 9,240 units? c. If 10,000 units are sold, what is the variable cost per unit sold? Note: Round "Per unit" answer to 2 decimal places. d. If 10,240 units are sold, what is the total amount of variable costs related to the units sold? a. Total product cost b. Total period cost c. Variable cost per unit sold d. Total variable costs $ 51,450 e. If 10,240 units are produced, what is the total amount of manufacturing overhead cost incurred? f. If the selling price is…
The Absorption Costing Income Statement of a company is as follows:Normal Capacity in units25,000Sales in units28,000Production in units27,000Rs.Rs.Sales Revenue @ Rs. 50 per unit14,00,000Less : Manufacturing Cost of Goods Sold :Direct Material @ Rs. 5 each1,35,000Direct Labour @ Rs. 10 each2,70,000Variable Overhead @ Rs. 5 each1,35,000Fixed Manufacturing Cost at the Rate of Rs. 8 each2,16,000Total Manufacturing Cost7,56,000Add : Opening Stock : 3,000 units @ Rs. 28 each84,0008,40,000Less : Closing Stock :2,000 units @ Rs. 28 each56,000Cost of Goods Sold7,84,000Gross Profit before Adjustment6,16,000Add : Fixed Cost over Absorbed16,000Gross Profit after Adjustment6,32,000Less : Non-manufacturing Overhead :Fixed Office and Administrative1,50,000Variable Selling Overhead56,000Fixed Selling Overhead92,000Total Non-manufacturing Cost2,98,000Net Income3,34,000Additional Information:The fixed manufacturing and office overhead includes depreciation of Rs. 74,000.Required:(i) Break-even sales…
The Love Manufacturing Company has the following financial information:· Manufacturing overhead P300,800· Direct materials increased by 130, 000· Work in process increased by 90, 000· Finished goods decreased by 320, 400Manufacturing overhead amounts to 50% of direct labor, and the direct labor and manufacturing overhead combined equal 50% of the total cost of manufacturing.How much is the cost of goods sold?
Vinubhai
The standard cost card for a product shows, Material cost 2 kg @ GH¢2.50 each = GH¢5.00 per unit Labour 2 hours @ GH¢10 each = GH¢20 per unit The actual which has emerged from business operations are as follows. Production – 8,000 units, material consumed – 16,500 kg @ GH¢2.40 each = GH¢39,600, Wages paid 18,000 hours @ GH¢8 each = GH¢144, 000 Calculate; a) Labour Cost Variance b) Labour Rate Variance c) Labour Efficiency Variance d) Material Cost Variance e) Material Price Variance f) Material Quantity Variance
How would each of the following costs be classified if units produced is the activity base? a. Salary of factory supervisor ($120,000 per year) b. Straight-line depreciation of plant and equipment c. Property rent of $11,500 per month on plant and equipment
What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials, $17,000; direct labor, $33,000; and manufacturing overhead, $70,000? A. $16,000 B. $50,000 C. $103,000 D. $120000

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