A company reports sales of $260,000, wages totaling $100,000 for production workers, and the plant manager's salary of $75,000. Under the variable costing method, the manufacturing margin is A) $85,000 B) $160,000 C) $360,000 D) None of the above
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- 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 following data are from the accounting records of Niles Castings for year 2. Units produced and sold 87,000 Total revenues and costs Sales revenue $ 290,000 Direct materials costs 68,000 Direct labor costs 39,000 Variable manufacturing overhead 13,000 Fixed manufacturing overhead 47,000 Variable marketing and administrative costs 14,000 Fixed marketing and administrative costs 36,000 Required: a. Prepare a gross margin income statement. b. Prepare a contribution margin income statement. Please answer reuired a,bThe data given below relate to Frempomaa Ltd. for the year ended 31/12/2000: Fixed factory overhead cost was GHC160,000 Production units 1,000 units Sales 800 units at GHC500 Administration cost was GHC40,000 Variable selling and distribution overheads GHC80 Direct labour GHC70 per unit Direct material GHC50 per unit Prepare the profit and loss account using each of the following cost techniques: (a) Marginal Costing (b) Absorption Costing
- Kindly respond to the following questionAsplund Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost per Unit $ 6.95 Cost per Period $ 3.60 $ 2.00 $ 20,800 $ 1.50 $ 0.45 $ 8,900 Required: a. For financial reporting purposes, what is the total amount of product costs incurred to make 5,280 units? b. For financial reporting purposes, what is the total amount of period costs incurred to sell 5,280 units? a. Total product cost b. Total period costThe accounting records for Grant Manufacturing Company included the following cost information relating to its first year of operations: Direct materials Direct labor $ 22,500 $ 55,000 $ 35,000 Fixed manufacturing overhead Variable manufacturing overhead $ 25,000 Assume the company produced 10,000 units of inventory and sold 7,500 of these units during the year for $131,250. Under variable costing, what is the contribution margin for the year? (Ignore selling and administrative expenses.) Multiple Choice $39,500 $58,375 Saved None of these answers are correct. $2.500 1
- Please answer in text form without image, answer all requirementsPlease help meXYZ Co. has provided the following data concerning its overhead costs for the coming year: Wages and salaries $ 340,000 Depreciation 120,000 Rent 140,000 Total $ 600,000 The company has an activity-based costing system with the following three activity cost pools and estimated activity for the coming year: Activity Cost Pool Total Activity Assembly 30,000 labor-hours Order processing 510 orders Other Not applicable The Other activity cost pool does not have a measure of activity; it is used to accumulate costs of idle capacity and organization- sustaining costs. The distribution of resource consumption across activity cost pools is given below: Activity Cost Pools Order Assembly Processing Other Total Wages and salaries 35% 40% 25% 100% Depreciation 15% 45% 40% 100% Utilities 35% 30% 35% 100% The activity rate for the Order Processing activity cost pool is closest to:
- Please explain how to find the answer.Please provide answer in text (Without image)XYZ Corporation has provided the following data concerning its overhead costs for the coming year: Wages and salaries Depreciation Rent Total The company has an activity-based costing system with the following three activity cost pools and estimated activity for the coming year: Activity Cost Pool Assembly Order processing Other Wages and salaries Depreciation $ 420,000 160,000 180,000 $760,000 Not Rent Total Activity 40,000 labor-hours 700 orders The Other activity cost pool does not have a measure of activity; it is used to accumulate costs of idle capacity and organization-sustaining costs. The distribution of resource consumption across activity cost pools is given below: applicable Assembly 35% 15% 35% Activity Cost Pools Order Processing 30% 45% 30% The activity rate for the Order Processing activity cost pool is closest to: Other 35% 40% 35% Total 100% 100% 100%