D’Souza Company sold 12,000 units of its product for $76.00 per unit. Cost of goods sold is $54.60 per unit. Each unit had $49.20 in variable cost of goods sold and variable selling and administrative expenses are $9.60 per unit. Compute gross profit under absorption costing.

Q: The inventory ledger account of Yim Inc. shows that the level of inventory of the manufactured…

A: The objective of the question is to determine the difference in net income under variable and…

Q: Molly Company sells 38,000 units at $36 per unit. Variable costs are $27.36 per unit, and fixed…

A: Fixed cost is the cost does not change with the change in the units manufactured, while variable…

Q: Net Sales Revenue: Variable Cost of Goods Sold: Fixed Cost of Goods Sold: Variable Selling and…

A: Absorption costing considers all costs of manufacturing as product costs irrespective of the nature…

Q: Bluegill Company sells 12,500 units at $300 per unit. Fixed costs are $187,500, and operating income…

A: MARGINAL COSTING INCOME STATEMENTMarginal Costing Income Statement is One of the Important Cost…

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A: Cost of sales is a variable expense whereas selling and administrative expense is calculated…

Q: Radison Enterprises sells a product for $92 per unit. The Costs that vary in total dollar amount as…

A: a) Given selling price = $92 per unit Variable cost per unit = $59 per unit Therefore contribution…

Q: Razor Ltd had net income of 918,000 based on variable costing. Beginning and ending inventories were…

A: Variable costs: These costs are incurred in conjunction to the volume of goods produced or sold. It…

Q: I want to answer the question

A: Step 1: Introduction to the Markup PercentageThe markup percentage refers to the ratio of the profit…

Q: The following data relate to Lobo Corporation for the year just ended: Sales revenue $750,000 Cost…

A: Contribution refers to earnings left after deducting all direct costs from the sales revenue. It is…

Q: Shock Company manufactures electronic equipment. The following is a summary of its basic cost and…

A: Operating income  = Total contribution  - Fixed cost

Q: Bluegill Company sells 15,500 units at $220 per unit. Fixed costs are $170,500, and operating income…

A: Total sales revenue - Variable cost = Contribution margin And Contribution margin - Fixed cost =…

Q: Moon Bright Sdn. Bhd. is a manufacturer of dish cleaners. The following figures show the cost per…

A: Given, Selling price RM          200   Direct materials RM            80   Direct labor…

Q: Jamison Company uses the total cost method of applying the cost-plus approach to product pricing.…

A: Mark-up % on total cost = Desired Profit / Total Costs x 100

Q: KALIBO CORP. prepared the following absorption-costing income statement for the year ended May 31,…

A: The income statement is prepared to record the revenues and expenses of the current period and…

Q: Variable costs: Cost of goods sold Selling expenses Administrative expenses Contribution margin…

A: Break even point is where there is no profit and no loss situation and total cost is equal to sales.

Q: Ramort Company reports the following for its single product. Ramort produced and sold 21,600 units…

A: Direct materials $18 Direct labor $20 Variable overhead $11 Fixed overhead ($43,200 / 21,600…

Q: Prepare an income statement for Jomar Box Company under the following methods: a.Absorption Costing…

A: The major difference between marginal costing and absorption costing is treatment for closing stock.…

Q: amison Company produces and sells Product X at a total cost of $1,300 per unit, of which $880 is…

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A: The break even sales are the sales where business earns no profit no loss during the period.

Q: Bluegill Company sells 8,900 units at $320 per unit. Fixed costs are $142,400, and income from…

A: Contribution margin statement: Sales                                  XXXLess: Variable expenses…

Q: Trez Company began operations this year. During this year, the company produced 100,000 units and…

A: Answer : Direct material cost = 80,000 * $4 = $320,000 Direct labor cost = 80,000 * $10 = $800,000…

Q: Kluber, Inc. had net income of $918,000 based on variable costing. Beginning and ending inventories…

A: Absorption costing is a method of costing where it accounts for all cost in manufacturing. Net…

Q: The actual variable cost of goods sold for a product was $140 per unit, while the planned variable…

A:

Q: ABC Corporation sells its product for $195.70 per unit. In 2015 the company had total sales in units…

A: Lets understand the basics. Contribution margin is a margin generated from sales. It is a sales less…

Q: Li Company has a unit selling price of $150, unit variable costs of $45, and total fixed costs of…

A: Break-even point (BEP): Breakeven is the point where total expenses are equal to total revenue. at…

Q: Harry Company sells 15,000 units at $44 per unit. Variable costs are $30.36 per unit, and fixed…

A: Unit Contribution margin is computed by subtracting the per unit variable costs from the per unit…

Q: Zhao Co. has fixed costs of $390,600. Its single product sells for $181 per unit, and variable costs…

A: Break-even analysis is a technique widely used by the production department. It helps to determine…