Alpha Company provides the following information for their first year of operations in 2016: Sales, 5,000 units @ $10 each; Total production, 7,500 units; Selling and administrative costs: Fixed $1,000, Variable $1 per unit; Production costs per unit: Direct materials $2.00, Direct labor $2.00, Variable overhead $1.00, Fixed manufacturing overhead $7,500. Alpha Company uses absorption costing. Use this information to determine for Alpha Company the FY 2016: (Round & enter final answers to: the nearest whole dollar for total dollar answers, nearest penny for unit costs or nearest whole number for units) A. Cost of Goods Sold B. Net Income C. Cost of Ending Inventory
Alpha Company provides the following information for their first year of operations in 2016: Sales, 5,000 units @ $10 each; Total production, 7,500 units; Selling and administrative costs: Fixed $1,000, Variable $1 per unit; Production costs per unit: Direct materials $2.00, Direct labor $2.00, Variable overhead $1.00, Fixed manufacturing overhead $7,500. Alpha Company uses absorption costing. Use this information to determine for Alpha Company the FY 2016: (Round & enter final answers to: the nearest whole dollar for total dollar answers, nearest penny for unit costs or nearest whole number for units) A. Cost of Goods Sold B. Net Income C. Cost of Ending Inventory
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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please provide correct answer
![Alpha Company provides the following information for their first year of operations in 2016: Sales,
5,000 units @ $10 each; Total production, 7,500 units; Selling and administrative costs: Fixed
$1,000, Variable $1 per unit; Production costs per unit: Direct materials $2.00, Direct labor $2.00,
Variable overhead $1.00, Fixed manufacturing overhead $7,500. Alpha Company uses absorption
costing. Use this information to determine for Alpha Company the FY 2016: (Round & enter final
answers to: the nearest whole dollar for total dollar answers, nearest penny for unit costs or nearest
whole number for units)
A. Cost of Goods Sold
B. Net Income
C. Cost of Ending Inventory](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F16b08350-9621-43ac-99d5-6c381965e14b%2F852b3cbd-ac93-43ba-8e88-ab1b96dbb754%2Fvvxlcde_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Alpha Company provides the following information for their first year of operations in 2016: Sales,
5,000 units @ $10 each; Total production, 7,500 units; Selling and administrative costs: Fixed
$1,000, Variable $1 per unit; Production costs per unit: Direct materials $2.00, Direct labor $2.00,
Variable overhead $1.00, Fixed manufacturing overhead $7,500. Alpha Company uses absorption
costing. Use this information to determine for Alpha Company the FY 2016: (Round & enter final
answers to: the nearest whole dollar for total dollar answers, nearest penny for unit costs or nearest
whole number for units)
A. Cost of Goods Sold
B. Net Income
C. Cost of Ending Inventory
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