Please need answer A company produces a single product.Variable production costs$12.8unitperVariable selling and administrative expenses $3.8 per unitFixed manufacturing overhead totals$44,000Fixed selling and administration expenses $48,000totalAssuming a beginning inventory of zero, production of 4,800units, and sales of 4,000 units, the dollar value of the endinginventory under variable costing would be:A. $10,240B. $17,440C. $13,280D. $7,200

Step 1: To get the value of our ending inventory we first need to identify the numbers of ending…

Answered: A company produces a single product.…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter7: Variable Costing For Management analysis

Section: Chapter Questions

Problem 4BE

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Similar questions

Total costs for ABC Distributing are $250,000 when the activity level is 10,000 units. If variable costs are $5 per unit, what are their fixed costs? $240,000 $200,000 $260,000 Their fixed costs cannot be determined from the information presented.
Grand Canyon Manufacturing Inc. produces and sells a product with a price of 100 per unit. The following cost data have been prepared for its estimated upper and lower limits of activity: Overhead: Selling and administrative expenses: Required: 1. Classify each cost element as either variable, fixed, or semi-variable. (Hint: Recall that variable expenses must go up in direct proportion to changes in the volume of activity.) 2. Calculate the break-even point in units and dollars. (Hint: First use the high-low method illustrated in Chapter 4 to separate costs into their fixed and variable components.) 3. Prepare a break-even chart. 4. Prepare a contribution income statement, similar in format to the statement appearing on page 540, assuming sales of 5,000 units. 5. Recompute the break-even point in units, assuming that variable costs increase by 20% and fixed costs are reduced by 50,000.
Starling Co. manufactures one product with a selling price of 18 and variable cost of 12. Starlings total annual fixed costs are 38,400. If operating income last year was 28,800, what was the number of units Starling sold? a. 4,800 b. 6,400 c. 5,600 d. 11,200
Under absorption costing, the cost of goods sold would be: A. 39,000 B. 62,400 C. 70,200D. 71,000
Assuming operating income under variable costing is P1,800, operating income under absorption costing is:
Please provide correct solution
be determined using the above information Mazoon Company has information on its revenue and costs is as follows: Selling price per unit $125; Variable costs per unit includes: Direct material $15, Direct manufacturing labor $10, Manufacturing overhead $5, and Selling costs $10; Annual fixed costs $78,000. What is the contribution margin percentage? O a. None of the given answers O b. 68% O c. 70% d. 32% e. 60% NEXT PAGE AGEVindows but Jail ENG G 4)
Mazoon Company has information on its revenue and costs is as follows: Selling price per unit $175; Variable costs per unit includes: Direct material $60, Direct manufacturing labor $8, Manufacturing overhead $8, and Selling costs $10; Annual fixed costs $45,000. What is the contribution margin percentage? O a. 56.6% O b. 61.1% O c. None of the given answers d. 50.9% Ое. 49.1%
Mazoon Company has information on its revenue and costs is as follows: Selling price per unit $120; Variable costs per unit includes: Direct material $16, Direct manufacturing labor $8, Manufacturing overhead $8, and Selling costs $10; Annual fixed costs $60,000. What is the contribution margin percentage? О a. 35% O b. 73.3% 80% O d. 65% O e. None of the given answers
Information concerning a product produced by Rundle Company appears as follows. Sales price per unit Variable cost per unit Total annual fixed manufacturing and operating costs Required Determine the following: $ 171 $92 $ 505,600 a. Contribution margin per unit. b. Number of units that Rundle must sell to break even. c. Sales level in units that Rundle must reach to earn a profit of $205,400. a. Contribution margin per unit b. Break-even in units c. Required sales in units
1. What is the net income under variable costing method? 2. What is the net income under absorption costing method?
Mazoon Company has information on its revenue and costs is as follows: Selling price per unit $70; Variable costs per unit includes: Direct material $16, Direct manufacturing labor $8, Manufacturing overhead $8, and Selling costs $10; Annual fixed costs $85,000. What is the contribution margin percentage? a. 40% b. 52.5% C. 60% d. None of the given answers e. 70%

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