None $150Units in Beginning Inventory012,00011,500Sterling Tech Co., which produces only one product, has provided the followingdata concerning its most recent month of operations:DetailsSelling Price per UnitUnits ProducedUnits SoldAmount ($)Units in Ending Inventory500Variable Costs per Unit:Direct Materials$40Direct Labor$65Variable Manufacturing Overhead$18Variable Selling and Admin$20Fixed Costs:Fixed Manufacturing Overhead$180,000$12,500Fixed Selling and AdminCalculate the net operating income for the month under variable costing.

To calculate the net operating income (NOI) for the month under variable costing, we need to follow…

Answered: $150 Units in Beginning Inventory 0…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 11MC: Beginning inventory and direct material cost added during the month total $55,000. What is the value...

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Beginning inventory and direct material cost added during the month total $55,000. What is the value of the ending work in process inventory if beginning inventory was 2,000 units; 9,000 units were started; and 1,000 units were in ending inventory? $1,000 $5,000 $50,000 $55,000
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Gage Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Units produced this year Units sold this year Direct materials Direct labor Variable overhead Fixed overhead 105,000 units 78,000 units $ 29 per unit $ 31 per unit $ 3 per unit $ 918,750 in total Given Belle Company's data, compute cost of finished goods in inventory under variable costing. O $1,224,000 $3,060,000 $1,836,000 $2,646,000 $1,701,000
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Belle Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Units produced this year Units sold this year Direct materials Direct labor Variable overhead Fixed overhead Given Belle Company's data, compute cost of finished goods in inventory under variable costing. Multiple Choice O $580,800 $1,452,000 $871,200 45,000 units 27,000 units $ 17 per unit $ 19 per unit $ 3 per unit $ 258,750 in total $702,000
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Belle Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Units produced this year Units sold this year. Direct materials Direct labor Variable overhead Fixed overhead 90,000 units 54,000 units $26 per unit $ 28 per unit $ 3 per unit $ 720,000 in total Given Belle Company's data, compute cost of finished goods in inventory under variable costing. Multiple Choice $1,041,600 $2,604,000 $1,562,400 D
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Required information Skip to question Jarvix Company, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $111 Units in beginning inventory 0 Units produced 8, 800 Units sold 8,900 Variable costs per unit: Direct materials $34 Direct labour $37 Variable manufacturing overhead $3 Variable selling and administrative $9 Fixed costs: Fixed manufacturing overhead $61,600 Fixed selling and administrative $169, 100 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 was the unit product cost for the month under absorption costing?

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