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a. What is budgeted annual fixed manufacturing overhead? $ 0 b. If budgeted fixed manufacturing overhead equals actual fixed overhead, what is underapplied or overapplied fixed overhead for the year (1) under absorption costing? $ 0 (2) under variable costing? $ 0 c. What is the product cost per unit under (1) under absorption costing? $ 0 (2) under variable costing? $ 0 d. How much total expense is charged against revenues for the year (1) under absorption costing? $ 0 (2) under variable costing? $ 0 e. Is income higher under absorption or variable costing? By what amount? by $ 0

a. What is budgeted annual fixed manufacturing overhead? $ 0 b. If budgeted fixed manufacturing overhead equals actual fixed overhead, what is underapplied or overapplied fixed overhead for the year (1) under absorption costing? $ 0 (2) under variable costing? $ 0 c. What is the product cost per unit under (1) under absorption costing? $ 0 (2) under variable costing? $ 0 d. How much total expense is charged against revenues for the year (1) under absorption costing? $ 0 (2) under variable costing? $ 0 e. Is income higher under absorption or variable costing? By what amount? by $ 0

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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please answer all the requirement , otherwise skip it, If you answer incomplete i will flood you with dislike, Its a request to answer all the requirement
Variable and absorption costing Porta Light manufactures a high-quality LED flashlight for home/office use. Data pertaining to the company's operations for the year are as follows: Production for the year Sales for the year (sales price per unit, $8) Beginning inventory Costs to produce one unit (This year and prior year): Direct material Direct labor Variable overhead Fixed overhead 72,000 units 78,000 units 14,000 units $3.60 1.00 0.60 0.40 Selling and administrative costs: Variable (per unit sold) $0.40 $240,000 Fixed (per year) The FOH rate is based on units of production based on an expected production capacity of 160,000 units per year. (2) under variable costing? $ 0 c. What is the product cost per unit under (1) under absorption costing? $ 0 a. What is budgeted annual fixed manufacturing overhead? $ 0 b. If budgeted fixed manufacturing overhead equals actual fixed overhead, what is underapplied or overapplied fixed overhead for the year (1) under absorption costing? $ 0 ÷ (2) under variable costing? $ 0 d. How much total expense is charged against revenues for the year (1) under absorption costing? $ 0 ◆ (2) under variable costing? $ 0 e. Is income higher under absorption or variable costing? By what amount? by $ 0
Transcribed Image Text:Variable and absorption costing Porta Light manufactures a high-quality LED flashlight for home/office use. Data pertaining to the company's operations for the year are as follows: Production for the year Sales for the year (sales price per unit, $8) Beginning inventory Costs to produce one unit (This year and prior year): Direct material Direct labor Variable overhead Fixed overhead 72,000 units 78,000 units 14,000 units $3.60 1.00 0.60 0.40 Selling and administrative costs: Variable (per unit sold) $0.40 $240,000 Fixed (per year) The FOH rate is based on units of production based on an expected production capacity of 160,000 units per year. (2) under variable costing? $ 0 c. What is the product cost per unit under (1) under absorption costing? $ 0 a. What is budgeted annual fixed manufacturing overhead? $ 0 b. If budgeted fixed manufacturing overhead equals actual fixed overhead, what is underapplied or overapplied fixed overhead for the year (1) under absorption costing? $ 0 ÷ (2) under variable costing? $ 0 d. How much total expense is charged against revenues for the year (1) under absorption costing? $ 0 ◆ (2) under variable costing? $ 0 e. Is income higher under absorption or variable costing? By what amount? by $ 0
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