**Beamish Incorporated: Cost Analysis for Production****Company Overview:**Beamish Incorporated produces a single product and has provided financial data for its most recent month of operations.**Production and Cost Details:**- **Number of Units Produced:** 10,900- **Variable Costs per Unit:** - Direct Materials: $51 - Direct Labor: $50 - Variable Manufacturing Overhead: $5 - Variable Selling and Administrative Expense: $9- **Fixed Costs:** - Fixed Manufacturing Overhead: $359,700 - Fixed Selling and Administrative Expense: $817,500**Note:** There were no beginning or ending inventories.**Objective:** Determine the absorption costing unit product cost.**Multiple Choice Options for Cost Per Unit:**- $101 per unit- $139 per unit- $106 per unit- $223 per unitThese details are crucial for understanding cost accounting principles, specifically pertaining to absorption costing methods. Analyze the cost per unit by considering both fixed and variable costs to arrive at the correct option.

Beamish Incorporated, 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 Direct labor . Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense 10,900 $ 51 $ 50 $5 $9 $359,700 $817,500 There were no beginning or ending inventories. The absorption costing unit product cost was:

Beamish Incorporated, 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 Direct labor . Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense 10,900 $ 51 $ 50 $5 $9 $359,700 $817,500 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

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Estimated Income Statements, using Absorptionand Variable Costing Prior to the first month of operations ending October 31, Marshall Inc. estimated the following operating results: Sales (24,800 x $86) $2,132,800 Manufacturing costs (24,800 units): Direct materials 1,282,160 Direct labor 302,560 Variable factory overhead 141,360 Fixed factory overhead 168,640 Fixed selling and administrative expenses 45,900 Variable selling and administrative expenses 55,500 The company is evaluating a proposal to manufacture 27,200 units instead of 24,800 units, thus creating an ending inventory of 2,400 units. Manufacturing the additional units will not change sales, unit variable factory overhead costs, total fixed factory overhead cost, or total selling and administrative expenses. a. 1. Prepare an estimated income statement, comparing operating results if 24,800 and 27,200 units are manufactured in the absorption costing format. If an amount box does not…
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
The following data was prepared by the Sandhill Company. Total Variable Fixed $ 24/unit Sales price $ 78, 750 Direct materials used Direct labor $91,000 $ 110, 750 $ 13,850 $ 96.900 Manufacturing overhead $ 22,000 $ 12,600 $9,400 Selling and administrative expense 25,500 units Units manufactured 20, 800 units Beginning Finished Goods Inventory 9,000 units Ending Finished Goods Inventory Under variable costing, what is the unit product cost?
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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.
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.
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Summarized data for Walrus Co. for its first year of operations are: Sales (110,000 units) $5,500,000 Production Costs (132,000 units): Direct Material 2,112,000 Direct Labor 1,584,000 Manufacturing Overhead: Variable 924,000 Fixed 330,000 Selling and Administrative Expenses: Variable 275,000 Fixed 473,000 A. Prepare an income statement under absorption costing. B. Prepare an income statement under variable costing.
Beamish Incorporated, 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: 4,600 $ 108 $ 105 $ 5 $ 12 Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $ 184,000 $ 322,000 There were no beginning or ending inventories. The absorption costing unit product cost was:
Murphy Inc., which produces a Single product has provided the following data for its most recent Month of operation. Number of units produced Variable cost per unit: Direct materials. Direct Labov Variable manufacturing overhead Variable and adminstrative expenses. Selling Fixed cost: Fixed manufacturing Overhead Fixed Selling and adminstrative expenses 7,000 $37 $43 $15 $84,000 $119,000 The Company had no beginning or ending inventories Required a. Compute the unit product cost under absorption costing b. Compuse the unit product cost under 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 154 2,560 2,230 330 51 24 $. 15 16 $92,160 $11,150 The tegross margin for the month under absorption costing is: Multiple Chotce $62.440 S15.610, K Prev 4: of 10 Next > ere to search