Coreline Industries produces a single product. Item Variable production costs Variable selling and administrative expenses Fixed manufacturing overhead totals Fixed selling and administrative expenses total Value $12.60 per unit $4.10 per unit $39,000 $51,000 Assuming a beginning inventory of zero, production of 11,200 units, and sales of 7,900 units, the dollar value of the ending inventory under variable costing would be

Coreline Industries produces a single product. Item Variable production costs Variable selling and administrative expenses Fixed manufacturing overhead totals Fixed selling and administrative expenses total Value $12.60 per unit $4.10 per unit $39,000 $51,000 Assuming a beginning inventory of zero, production of 11,200 units, and sales of 7,900 units, the dollar value of the ending inventory under variable costing would be

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 28P: The following information pertains to Vladamir, Inc., for last year: There are no work-in-process...

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Grainger Company produces only one product and sells that product for $100 per unit. Cost information for the product is: Selling expenses are $4 per unit and are all variable. Administrative expenses of $20,000 are all fixed. Grainger produced 5,000 units; sold 4,000; and had no beginning inventory. A. Compute net income under absorption costing variable costing B. Reconcile the difference between the income under absorption and variable costing.
Grand Canyon Manufacturing Inc. produces and sells a product with a price of 100 per unit. The following cost data have been prepared for its estimated upper and lower limits of activity: Overhead: Selling and administrative expenses: Required: 1. Classify each cost element as either variable, fixed, or semi-variable. (Hint: Recall that variable expenses must go up in direct proportion to changes in the volume of activity.) 2. Calculate the break-even point in units and dollars. (Hint: First use the high-low method illustrated in Chapter 4 to separate costs into their fixed and variable components.) 3. Prepare a break-even chart. 4. Prepare a contribution income statement, similar in format to the statement appearing on page 540, assuming sales of 5,000 units. 5. Recompute the break-even point in units, assuming that variable costs increase by 20% and fixed costs are reduced by 50,000.
Submarine Company produces only one product and sells that product for $150 per unit. Cost information for the product is as follows: Selling expenses are $2 per unit and are all variable. Administrative expenses of $15,000 are all fixed, Submarine produced 2.000 units and sold 1.800. Grainger had no beginning inventory. A. Compute net income under absorption costing variable costing B. Reconcile the difference between the income under absorption and variable costing.
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.
When prices are falling (deflation), which costing method would produce the highest gross margin for the following? Choose first-in, first-out (FIFO); last-in, first-out (LIFO); or weighted average, assuming that B62 Company had the following transactions for the month. Calculate the gross margin for each of the following cost allocation methods, assuming B62 sold just one unit of these goods for $400. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)
The carrying value of ending inventory under variable costing would be: present as is if higher or present it in comma if it is less ex: (200) Under absorption costing, the cost of goods sold would be:
The following information pertanis to maverick industries
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What is the dollar value of the ending inventory under variable costing? Of general accounting question please solve and show explanation
Required: 1. The carrying value of ending inventory under variable costing would be? 2. Under absorption costing, the cost of good sold would be?
Need answer the accounting question please answer
The carrying value of ending inventory under variable costing would be:A. P1,400 higher than under absorption costing B. P1,400 less than under absorption costing C. P800 less than under absorption costingD. the same as under absorption costing