Davison Corporation, which has only one product, has provided the following data concerning its most recent month of operations:Selling price2$95Units in beginning inventoryUnits produced5,0004,900Units soldUnits in ending inventory100Variable costs per unit:Direct materials26$2$$40Direct labor1Variable manufacturing overheadVariable selling and administrative expense4Fixed costs:Fixed manufacturing overheadFixed selling and administrative expense$40,000$73,500What is the total period cost for the month under variable costing?

Name: Davison Corporation, which has only one product, has provided the fol
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: Davison Corporation, which has only one product, has provided the following data concerning its most recent month of operations:Selling price2$95Units in beginning inventoryUnits produced5,0004,900Units soldUnits in ending inventory100Variable costs

Variable costing includes the cost which vary from output to ouput. It does not include the fixed…

Business

Accounting

Davison Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price 24 95 Units in beginning inventory Units produced Units sold 5,000 4,900 Units in ending inventory 100 Variable costs per unit: Direct materials $ 26 2$ 24 2$ 40 Direct labor 1 Variable manufacturing overhead Variable selling and administrative expense 4 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $40,000 $73,500

Davison Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price 24 95 Units in beginning inventory Units produced Units sold 5,000 4,900 Units in ending inventory 100 Variable costs per unit: Direct materials $ 26 2$ 24 2$ 40 Direct labor 1 Variable manufacturing overhead Variable selling and administrative expense 4 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $40,000 $73,500

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

The company’s variable costs per unit and total fixed costs have been constant from month to month
The following data is for a company that produces a single product. Selling price 193 Units in beginning inventory Units produced 3,090 2,910 Units sold Variable costs per unit: Direct materials 53 Direct labor 59 2$ Variable manufacturing overhead Variable selling and administrative expense 15 13 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $ 89,610 $ 8,730 Required: a. What is the unit product cost for the month under variable costing? b. What is the unit product cost for the month under absorption costing? c. Prepare a contribution format income statement for the month using variable costing. d. Prepare an income statement for the month using absorption costing. e. Reconcile the variable costing and absorption costing net operating incomes for the month. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E What is the unit product cost for the month under variable costing? Cost Per…
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Units in beginning inventory 0 Units produced 4,450 Units sold 4,350 Units in ending inventory 100 Variable costs per unit: Direct materials $ 50 Direct labor $ 52 Variable manufacturing overhead $ 15 Variable selling and administrative expense $ 13 Fixed costs: Fixed manufacturing overhead $93,450 Fixed selling and administrative expense $43,500 What is the variable costing unit product cost for the month? $130 per unit $151 per unit $117 per unit $129 per unit
Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced $ 172 0 9,700 9,300 400 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 What is the net operating income (loss) for the month under variable costing? $6,000 $11,600 $17,600 ($40,000) $ 33 $75 $21 $ 25 $ 145,500 $ 10,300
Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead $ 147 0 6,900 6,600 300 Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense What is the unit product cost for the month under variable costing? $ 24 $ 54 $ 18 $ 18 $ 186,300 $ 27,600 Multiple Choice $114 per unit $141 per unit $123 per unit
need help
None
Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price 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 Multiple Choice Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense What is the unit product cost for the month under variable costing? $110 per unit $137 per unit $143 0 $120 per unit 6,850 6,550 300 $93 per unit $23 $53 $17 $17 $184,950 $ 27,300
Keyser Corporation, which has only one product, has provided the following data concerning its most recent month of operations Selling price $113 Units in beginning inventory 3700 Units produced 8,600 Units sold 8,700 Units in ending inventory 600 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 $ 24 $ 41 $5 $ 15 $68,800 $ 162,700 The company produces the same number of units every month, although the sales in units very 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 net operating income for the month under absorption costing?
Grace Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price 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 $6,400 $18,600 $5,600 SS $(20,400) $ $ $ 95 0 3,500 3,100 400 22 What is the net operating income for the month under absorption costing? 2975 39 55,900 3,000
Want all Answer of this
Want the Correct answer