Year 1 financial data for the ABC Company is as follows for 50000 units manufactured and sold: Sales$5,000,000Direct materials850,000Direct manufacturing labor1,700,000Variable manufacturing overhead400,000Fixed manufacturing overhead750,000Variable SG&A150,000Fixed SG&A250,000 Required:Compute the Variable manufacturing CostThe Fixed manufacturing CostThe Total manufacturing CostThe selling Price & Variable Cost per unitIf 40,000 units were manufactured and sold, determine the Total manufacturing Cost

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Answered: Compute the Variable manufacturing Cost…

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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Year 1 financial data for the ABC Company is as follows for 50000 units manufactured and sold:

Sales	$5,000,000
Direct materials	850,000
Direct manufacturing labor	1,700,000
Variable manufacturing overhead	400,000
Fixed manufacturing overhead	750,000
Variable SG&A	150,000
Fixed SG&A	250,000

Required:

Compute the Variable manufacturing Cost
The Fixed manufacturing Cost
The Total manufacturing Cost
The selling Price & Variable Cost per unit

If 40,000 units were manufactured and sold, determine the Total manufacturing Cost

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