A company provided the following information about its one and only product: Direct materal used: $45,000 Direct labour: $30,000 Fixed factory overhead: $42,000 Fixed Selling & administrative expenses: $8,000 Variable factory overhead: $28,000 Variable Selling & administrative expenses: $12,000 Selling price de unit: $12 Units produced: 10,000 The unit cost of a unit under the marginal costing approach is a. $5.00 b. $514.50 c. $516.50 d. $510,30

Q: Determine the markup percentage on total cost. 1%

A: Cost-Plus is a method of product pricing, under which price of the product is decided by adding the…

Q: Pina Colada Corporation produces snowboards. The following unit cost information is available:…

A: The target selling price is the price at which a product or service is intended to be sold in order…

Q: Company A has the following documents: - Unit production cost 1,000 VND/product (including variable…

A: Expenses classified as fixed do not change based on production or consumption levels. Within a…

Q: Given the following cost and activity observations for Bounty Company’s utilities, use the high-low…

A: Variable cost is the cost that changes with change in the activity of cost driver used. The variable…

Q: 3. Acme Inc. has the following information available: Actual price paid for material…

A: VarianceVariance AmountFavorable (F) or Unfavorable (U)ExplanationMaterial Price$0.10 (100 units *…

Q: Spicy P Company would like to classify the following costs according to their cost behaviour: Sales…

A: Cost are also classified according to their behaviour. These are classified into these types i.e.…

Q: The following variable production costs apply to goods made by Baird Manufacturing Corporation: Item…

A: Variable cost is the cost that changes with change in the activity of cost driver used. The variable…

Q: Rebel Co. manufactures a single product and has the following cost structure: Variable cost per unit…

A: In absorption costing, all manufacturing costs - both variable and fixed are treated as product…

Q: Cost of Sales under the variable costing method

A: Cost of Sales under the variable costing method = Units sold * Unit variable cost

Q: Vaughn Company incurred the following costs during the year: direct materials $21.10 per unit;…

A: Lets understand the basics.Costing statement can be prepared using,(1) Variable costing(2)…

Q: Event Company produces a single product with the following characteristics: price per unit $24.00,…

A: Sales required to earn desired or target profit is calculated by dividing the sum of total fixed…

Q: fit is $24.00 per unit. ermine the markup percentage using the (a) total cost, (b) product cost, and…

A: The markup is the excess amount charged as compared to product cost. The markup percentage is…

Q: In Marshall Company, data concerning two products are unit contribution margin-Product A $16,…

A: Contribution margin per unit of limited resources:— It is calculated by dividing contribution margin…

Q: Grover Company has the following data for the production and sale of 2,200 units. Sales price per…

A: Prime costs are the product cost which consists of direct material and direct labor cost.Direct…

Q: Campbell Manufacturing Company established the following standard price and cost data:…

A: Flexible budget is the statement prepared to estimate the costs and revenues. The difference between…

Q: Benoit Company produces three products—A, B, and C. Data concerning the three products follow (per…

A: Introduction: The concept of contribution margin can be tailored to individual items, product lines,…

Q: Glew Corporation has provided the following information: Direct materials Direct labor Variable…

A: The costs incurred for the production are classified as the product costs. The costs incurred to…

Q: The following cost details relate to one unit of product Zen. (£) Variable materials Variable…

A: Solution: Under marginal costing, Variable production costs are considered as product cost such as…

Q: Variable manufacturing costs are $86 per unit, and fixed manufacturing costs are $64,800. Sales are…

A: Under variable costing only the variable cost incurred in factory is considered to be product cost…

Q: Analyzing Income under Absorption and Variable Costing Variable manufacturing costs are $85 per…

A: Variable costs are costs that vary with the change in the level of output whereas fixed costs are…

Q: МОН with a hat is the Me Activ

A: Activity based costing is the recent popular technique in Cost Accounting…

Q: Direct material $0.10, Direct laber is $0.25, Variable Overhead is $0.10, Fixed overhead is $0.40…

A: Fixed cost is constant in total. Where as variable cost will vary per unit. Fixed overhead-is fixed…

Q: From the following information, prepare an Income Statement under: (a)  Marginal Costing; (b)…

A:

Q: Jamison Company uses the total cost method of applying the cost-plus approach to product pricing.…

A: when the goods are produced by the company it in needed to be sold by the company above the cost…

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.