Beamish Inc., which produces a single product, has provided the following data for its most recent month of operations: Number of units produced Variable costs per unit: Direct materials 2,900 24 2$ $ 2$ 64 Direct labor 60 Variable manufacturing overhead Variable selling and administrative expense 7 10 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $110,200 $214,600 There were no beginning or ending inventories. The absorption costing unit product cost was:

Beamish Inc., which produces a single product, has provided the following data for its most recent month of operations: Number of units produced Variable costs per unit: Direct materials 2,900 24 2$ $ 2$ 64 Direct labor 60 Variable manufacturing overhead Variable selling and administrative expense 7 10 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $110,200 $214,600 There were no beginning or ending inventories. The absorption costing unit product cost was:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $132 Units in beginning inventory 0 Units produced 1,100 Units sold 800 Units in ending inventory 300 Variable costs per unit: Direct materials $48 Direct labor $17 Variable manufacturing overhead $2 Variable selling and administrative $4 Fixed costs: Fixed manufacturing overhead $39,600 Fixed selling and administrative $7,200 What is the total period cost for the month under absorption costing?
Please given answer with solution
Trio Company reports the following information for its first year of operations. Direct materials $ 13 per unit Direct labor $ 17 per unit Variable overhead $ 7 per unit Fixed overhead $ 220,950 per year Units produced 24,550 units Units sold 18,000 units Ending finished goods inventory 6,550 units Assume instead that Trio Company uses variable costing.1. Compute the product cost per unit using variable costing.2. Determine the cost of ending finished goods inventory using variable costing.3. Determine the cost of goods sold using variable costing.
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense The total gross margin for the month under absorption costing is: Multiple Choice $81,900 $21,840 $128,430 $139,230 $ 144 0 3,020 2,730 290 $ 47 $21 $ 16 $9 $90,600 $35,490
None
I need help with this problem
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense 88 5,200 4,900 300 12 23 2 $161, 200 $ 63,700 The total contribution margin for the month under variable costing is: Multiple Cholce S64.200 3249,900 ---- 0 濾源 73°F Mostly su SLE here to search DELL 5.
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Units in beginning inventory 0 Units produced 4,450 Units sold 4,350 Units in ending inventory 100 Variable costs per unit: Direct materials $ 50 Direct labor $ 52 Variable manufacturing overhead $ 15 Variable selling and administrative expense $ 13 Fixed costs: Fixed manufacturing overhead $93,450 Fixed selling and administrative expense $43,500 What is the variable costing unit product cost for the month? $130 per unit $151 per unit $117 per unit $129 per unit
Elison Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced Units sold Units in ending inventory $ 111 0 7,500 7,200 300 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense What is the net operating income for the month under absorption costing? $24 $ 34 $ 1 $5 $217,500 $115, 200
Trio Company reports the following information for its first year of operations. Direct materials $ 18 per unit Direct labor $ 19 per unit Variable overhead $ 7 per unit Fixed overhead $ 221,650 per year Units produced 20,150 units Units sold 15,500 units Ending finished goods inventory 4,650 units Assume instead that Trio Company uses variable costing.1. Compute the product cost per unit using variable costing.2. Determine the cost of ending finished goods inventory using variable costing.3. Determine the cost of goods sold using variable costing.
Mahugh Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 174 Units in beginning inventory 0 Units produced 3,770 Units sold 3,450 Units in ending inventory 320 Variable costs per unit: Direct materials $ 47 Direct labor $ 57 Variable manufacturing overhead $ 16 Variable selling and administrative $ 11 Fixed costs: Fixed manufacturing overhead $ 113,100 Fixed selling and administrative $ 13,800 Required: a. What is the unit product cost for the month under variable costing? (Do not round intermediate calculations.) b. What is the unit product cost for the month under absorption costing? c. Prepare a contribution format income statement for the month using variable costing. d. Prepare…
Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced $ 172 0 9,700 9,300 400 Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense What is the net operating income (loss) for the month under variable costing? $6,000 $11,600 $17,600 ($40,000) $ 33 $75 $21 $ 25 $ 145,500 $ 10,300