Assume the following information for the first year of operations for a company that sells only one product for a price of $48 per unit: Variable cost per unit: Direct materials Fixed costs per year: Direct labor Fixed manufacturing overhead Fixed selling and administrative expenses $70,000 The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, the company produced 20,000 units and sold 18,000 units. What is the net operating income using super-variable costing? Selling price Direct materials Direct labor Variable manufacturing overhead Now lets Assume the following information for a company that produced 10,000 units and sold 8,000 units during its first year of operations and produced 8,000 units and sold 10,000 units during its second year of operations: Per Unit Per Year Sales commission $25 $ 200 $ 70 $ 50 $8 $8 $140,000 $ 188,000 Fixed manufacturing overhead $ 300,000 Using absorption costing, what is the unit product cost for units produced during the second year of operations?

Assume the following information for the first year of operations for a company that sells only one product for a price of $48 per unit: Variable cost per unit: Direct materials Fixed costs per year: Direct labor Fixed manufacturing overhead Fixed selling and administrative expenses $70,000 The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, the company produced 20,000 units and sold 18,000 units. What is the net operating income using super-variable costing? Selling price Direct materials Direct labor Variable manufacturing overhead Now lets Assume the following information for a company that produced 10,000 units and sold 8,000 units during its first year of operations and produced 8,000 units and sold 10,000 units during its second year of operations: Per Unit Per Year Sales commission $25 $ 200 $ 70 $ 50 $8 $8 $140,000 $ 188,000 Fixed manufacturing overhead $ 300,000 Using absorption costing, what is the unit product cost for units produced during the second year of operations?

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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