Crazy Horse Corp. produces handcrafted coup sticks. The Sticks are sold $833. Selected data for the company's operations last year follow: SHOW YOUR CALCULATIONS for those questions that require calculations! Units in beginning FG inventory Units produced Units sold 23,000 21,000 Units in ending FG inventory Variable costs per unit: Direct materials Direct labor Variable MOH Variable S&A $110 $520 $53 $17 Fixed costs Fixed MOH $690,000 $630,000 Fixed S&A Answer the following questions. 1. How many units were produced? 2. How many units were sold? 3. How many units were in ending inventory?

Crazy Horse Corp. produces handcrafted coup sticks. The Sticks are sold $833. Selected data for the company's operations last year follow: SHOW YOUR CALCULATIONS for those questions that require calculations! Units in beginning FG inventory Units produced Units sold 23,000 21,000 Units in ending FG inventory Variable costs per unit: Direct materials Direct labor Variable MOH Variable S&A $110 $520 $53 $17 Fixed costs Fixed MOH $690,000 $630,000 Fixed S&A Answer the following questions. 1. How many units were produced? 2. How many units were sold? 3. How many units were in ending inventory?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

D1.
Please answer required 1,2
Please right answer
Kindly help me with the attached image. Thank you
Please answer me
Please solve this question is answer provide
Answer as per req..
from the above list of 7 types of costs indicate which costs are direct materials and which are mfg overhead
please avoid answers in image format thank you
Show all working steps by steps
Jay-Zee Company makes an in-car navigation system. Next year, Jay-Zee plans to sell 17,000 units at a price of $390 each. Product costs include: Direct materials $82.00 Direct labor $47.00 Variable overhead $12.00 Total fixed factory overhead $647,250 Variable selling expense is a commission of 5 percent of price; fixed selling and administrative expenses total $97,000. Required: Question Content Area 1. Calculate the sales commission per unit sold. If required, round your answers to the nearest dollar. Use rounded answers in subsequent computations.$________ per unit Calculate the contribution margin per unit.$________ per unit 2. How many units must Jay-Zee Company sell to break even? Round your answer to the nearest whole number. ________units Prepare an income statement for the calculated number of units. If an amount is zero, enter "0". Do NOT round Break-even units and, if required, round your answer to the nearest dollar. blank Sales $______ Less:…
Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It d Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $795. Selected data for the company's operations last year follow: 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 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative Required: 0 13,000 10,000 3,000 $ 180 $ 390 $ 51 $ 23 $ 700,000 $ 430,000 1. Assume that the company uses absorption costing. Compute the unit product cost for one gamelan. (Round your intermediate calculations and final answer to the nearest whole dollar amount.) 2. Assume that the company uses variable costing. Compute the unit product cost for one gamelan. > Answer is complete but not entirely correct. 1.…