Amarantha Corp. has provided the following data for the current year. Units Produced 2,500 units Sales Price $200 per unit Direct materials $75 per unit Direct labor $65 per unit Variable manufacturing overhead $25 per unit Fixed manufacturing overhead $225,000 per year Variable selling and administrative costs $30 per unit Fixed selling and administrative costs $150,000 per year Calculate the unit product cost using absorption costing and variable costing.

Q: Abdulwahab Corporation is estimating the cost function for total cost of production of product A…

A: Variable cost is the cost which changes with change in production volume and fixed cost is the cost…

Q: Rose company has a relevant range of production between 10,000 and 25,000 units. The following cost…

A: Total variable cost per unit = Direct materials + Direct labore cost + indirect labor + variable…

Q: Summarized data for 2016 (the first year of operations) for Gorman Products, Inc., are as follows:…

A: Production cost per unit under absorption costing   Direct Material cost per unit ($1320000 /…

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

A: MARGINAL COSTING INCOME STATEMENTMarginal Costing Income Statement is One of the Important Cost…

Q: McIntosh, Inc. reports the following information: Beginning Finished Goods Inventory 70 units Units…

A: Step 1:Computation of the unit product cost using variable costing:Direct materials cost per…

Q: ​Bethel, Inc. has collected the following data.​ (There are no beginning​ inventories.)   Units…

A: Step 1 Sales is $58,500 which is obtained by multiplying the number of units sold of 450 units by…

Q: Assume that a company uses the absorption costing approach to cost-plus pricing. It is considering…

A: Absorption costing is one of costing technique being used in business. Under this, total…

Q: Rose Company has a relevant range of production between 10,000 and 25,000 units. The following cost…

A: Manufacturing costs refer to the cost incurred in producing the goods. The manufacturing costs are…

Q: Bakan Corporation has provided the following production and average cost data for two levels of…

A: The variable manufacturing cost per unit is the manufacturing cost that changes with the number of…

Q: Magpie Corporation uses the total cost method of product pricing. Below is cost information for the…

A: The contribution margin is computed as the selling price per unit, minus the variable cost per unit.…

Q: Masley Corporation Variable manufacturing cost per unit produced: Direct materials Direct labor…

A: The unit product cost refers to the cost incurred in the factory for the production of goods and…

Q: Barnes Company reports the following for its product for its first year of operations.   Direct…

A: Contribution. Margin: "Contribution margin tells you the aggregate amount of revenue available after…

Q: Consider the following sales and cost data for Van Buren Company. The total sales and cost…

A: Lets understand the basics. Contribution margin is a margin generated from the sales. In other…

Q: Vernon Manufacturing Company established the following standard price and cost data $9.00 per unit $…

A: Flexible BudgetA flexible budget is a financial instrument that allows businesses and organisations…

Q: Carolina Corporation, which uses throughput costing, began operations at the start of the current…

A: Total cost is the amount of money incurred by the entity on the making and selling of the goods. It…

Q: Magpie Corporation uses the total cost method of product pricing. Below is cost information for the…

A:

Q: Masley Corporation has provided the following data for its two most recent years of operation:…

A: Formula: Total product cost under variable costing = Direct materials + Direct labor +  Variable…

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: has prepared and presented the following financial dată től Variable costs: Direct labor (per unit)…

A: Since you have posted a question with multiple sub parts, we will provide the solution only to the…

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: Shock Company manufactures electronic equipment. The following is a summary of its basic cost and…

A: Operating income  = Total contribution  - Fixed cost

Q: Magpie Corporation uses the total cost method of product pricing. Below is cost information for the…

A: Desired Net income = $621,000 * 21% Desired Net income = $130,410

Q: Comet Canisters, Inc. has collected the following data for the current year: Beginning Finished…

A: Absorption costing is a method of costing in which product cost is calculated by adding direct…

Q: Mallard Corporation uses the product cost method of product pricing. Below is cost information for…

A:

Q: Sunland Corporation produces outdoor portable fireplace units. The following cost information per…

A: Absorption costing is one of costing system which is used in business. As per this system, total…

Q: Winter Grow Inc. manufactures a range of heat mats. The production information for its standard heat…

A: Special order decisions are those decisions which helps in deciding whether to accept the special…

Q: Aqua​ Primavera, Inc. has provided the following information for the​ year:   Units produced 6,000…

A: Unit product cost under variable costing is based on direct material , labor and variable overhead.…

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.