Cost Total DATE Color of Units Cost Unit 1st Red 2 $10 20 3rd Orange 2 $12 24 5th Yellow 4 $14 56 23
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- A 1 Chapter 7: Applying Excel 2 3 Data 4 Selling price per unit 5 Manufacturing costs: 6 7 8 Variable per unit produced: Direct materials Direct labor Variable manufacturing overhead 9 10 Fixed manufacturing overhead per year 11 Selling and administrative expenses: 12 Variable per unit sold 13 Fixed per year 14 15 16 Units in beginning inventory 17 Units produced during the year 18 Units sold during the year 25 Units in beginning inventory 26 Units produced during the year 27 Units sold during the year 28 Units in ending inventory 29 30 Compute the Absorption Costing Unit Product Cost 31 32 Direct materials 33 Direct labor 34 Variable manufacturing overhead 35 Fixed manufacturing overhead 36 Absorption costing unit product cost 37 19 20 Enter a formula into each of the cells marked with a ? below 21 Review Problem 1: Contrasting Variable and Absorption Costing 22 23 Compute the Ending Inventory 24 46 Compute the Variable Costing Unit Product Cost 47 48 Direct materials 49 Direct labor…%24 %24 Break-even point in units units eTextbook and Media Prepare a CVP income statement for the break-even point. CRANE COMPANY CVP Income Statement Total Per Unit Percent of Sales $4 %24 6. %$4pter 1 Assignment i https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%25 Required information [The following information applies to the questions displayed below.] Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average fixed manufacturing cost per unit ********** ******* Help W 90% Save & C
- Janos Corporation, which has only one product, has provided the following data concerning its most recent month of operations: $ 111 Selling price Units in beginning inventory Units produced 300 2,000 Units sold 2,200 Units in ending inventory 100 Variable costs per unit: $ 29 $ 30 $ 4 $ 9 Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $34,000 $39,600 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. What is the unit product cost for the month under variable costing?Variable costs: Direct materials $0.15 Direct labor 0.06 Variable overhead 0.11 Fixed overhead 0.30 Total cost $0.62Period Co 5 AA Chapter 1 Assignment 7 A ! Home | bartl.. 2 W # S Total product cost ezto.mheducation.com A Okay 23 my.post.edu... Direct materials. Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense 3 E $ D () Required information [The following information applies to the questions displayed below.] Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: $ 150,000 Saved 4 5 R T & LL V Question 1 -... Required: 1. For financial accounting purposes, what is the total amount of product costs incurred. to make 10,000 units? (Do not round intermediate calculations.) * 6 Y B G H 5 7 N G what is the h... Help U J Average Cost per Unit Save & Exit $7.00 $ 4.50 $ 1.40 $ 4.00 $ 4.00 $ 2.10 $ 1.10 $ 0.55 M You 8 1 K ! Init 1-C... Check my work I 9 O Submit L ? ct 0 P…
- Question Content Area A company manufactured 50,000 units of a product at a cost of $450,000. It sold 45,000 units at $15 each. The gross profit is a. $240,000 b. $600,000 c. $750,000 d. $270,00011:59 A 46* .l 95% I 4G+ docs.google.com/forms/d/e/1| 2 The tables below show the information related to the Assembly department for April 2021: Assembly Department in units Work in Process April 1 400 units Units Started during April 4,600 units Units completed & transferred out to Packaging Department 4,000 units Work in Process April 30 ? units 100% completed as to direct material 80% completed as to conversion costs Costs in Assembly Department Direct material $12.000 Work in Process April 1 Conversion Costs $15.000 Direct material $63,000 Costs incurred during April Conversion Costs $13,800 Based on the above, the number of physical units that should be accounted for during April are: 1,000 units 4,000 units 5,000 units None of the aboveCS_3_QA4_PIR: Req 4A: Compute the unit product cost for Year 1, Year 2, and Year 3. (Round your intermediate calculations and final answers to 2 decimal places.) Unit Product Cost Year 1 Year 2 Year 3 Req 4B: Prepare an income statement for Year 1, Year 2, and Year 3. (Round your intermediate calculations to 2 decimal places.) O’Brien Company Absorption Costing Income Statement Year 1 Year 2 Year 3
- Exercise 18 -8 (Static) Computing missing amounts in contribution margin income statements LO A1 Compute the missing amounts in the contribution income statement shown below: (Round "Per Unit" answers to 2 decimal places.) \table[[Number of units sold, Company A, Company B], [,,,, 1,975, ], [,, otal,,unit, Total, Per unit], [Sales, $, 208, 000, $, 65.00,, ], [Variable costs,, 150, 400,,, 39, 500, ], [Contribution margin,,,,, 43, 450, ], [Fixed costs,,,,,19, 750, ], [ Income, $, 46, 400,,,,]]VAR COST Student Name => ______________________ Section Number => ______________________ - - - - - - - - 6 Data Section: 7 8 Actual production in units 100,000 9 Sales in units 80,000 10 Sales price per unit $30 11 Variable manufacturing costs per unit $14 12 Variable selling costs per unit $2 13 Fixed manufacturing costs $630,000 14 Fixed selling expenses $100,000 28 15 - - - 16 Answer Section: 17 Income statement: Absorption costing 18 19 Sales FORMULA1 20 Cost of goods sold: 21 Variable manufacturing costs FORMULA2 22 Fixed manufacturing costs FORMULA3 23 ---------- 24 Total goods available for sale $0 25 Less ending inventory FORMULA4 26 ---------- 27 Cost of goods sold $0 28 ---------- 29 Gross profit $0 30 Fixed selling expenses FORMULA5 31…What are the product costs per unit associated with Product DCT121? A) $137 B) $140 C) $143 D) $88
