Beginning inventory Units produced Units sold ices and sells a single product. The ie follo ollowing data refer to year just 0 30,300 24,700 Selling price per unit Variable per unit Selling and administrative expenses: Fixed per year Manufacturing costs: Direct materials cost per unit Direct labor cost per unit Variable manufacturing overhead cost per unit Fixed manufacturing overhead per year Assume that direct labor is a variable cost. $ 465 $ 25 $ 469,300 $ 211 $ 53 $ 36 $ 454,500

Beginning inventory Units produced Units sold ices and sells a single product. The ie follo ollowing data refer to year just 0 30,300 24,700 Selling price per unit Variable per unit Selling and administrative expenses: Fixed per year Manufacturing costs: Direct materials cost per unit Direct labor cost per unit Variable manufacturing overhead cost per unit Fixed manufacturing overhead per year Assume that direct labor is a variable cost. $ 465 $ 25 $ 469,300 $ 211 $ 53 $ 36 $ 454,500

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter18: Pricing And Profitability Analysis

Section: Chapter Questions

Problem 4CE: Refer to Cornerstone Exercise 18.3. Required: 1. Calculate the cost of each unit using variable...

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Variable costingsales exceed production The beginning inventory is 52,800 units. All of the units that were manufactured during the period and 52,800 units of the beginning inventory were sold. The beginning inventory fixed manufacturing costs are 14.70 per unit, and variable manufacturing costs are 30 per unit. Determine (A) whether variable costing operating income is less than or greater than absorption costing operating income, and (B) the difference in variable costing and absorption costing operating income.
Question: Cost Account Beginning inventory Units produced Units sold 5000 20,000 23,700 Cost per unit: Direct materials $ 8.00 Direct labor $4.00 Variable overhead Fixed overhead Variable selling exp. $ 1.50 $4.15 $ 3.00 Fixed selling and admin. exp. $ 24,000 Fixed overhead totals $83,000 per year. Assume the selling price is $27 per unit. 1. Calculate operating income using absorption costing. 2. Calculate operating income using variable costing.
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Saved Help Save & Exit TB MC Qu. 6-49 (Algo) A manufacturing company that.. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: 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 4,600 4,500 100 $ 53 $ 55 $ 18 $16 $96,600 $45,000 What is the variable costing unit product cost for the month? Multiple Choice $135 per unit 4 of 25 Next m < Prev
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Question 1 Smart Technology Company had the following information during the previous year for one of its product lines: Sales Price per Unit $6000 Units in Beginning Inventory 0 Units Started During the Year 55,000 Units Sold 52,000 Variable Costs per Unit: Direct Materials $145 Direct Labor $200 Variable Overhead Costs $75 Fixed Costs: Fixed Overhead per Unit $50 General and Administrative $1,250,000 1. Calculate the ending inventory value and prepare an income statement using absorption costing. 2. Calculate the ending inventory value and prepare an income statement using variable costing.
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