Felde Company builds custom fishing lures for sporting goods stores. Inits first year of operations, 2014, the company incurred the followingcosts.Variable Costs per UnitDirect materialsDirect laborVariable manufacturing overheadVariable selling and administrative expensesFixed Costs per YearFixed manufacturing overheadFixed selling and administrative expenses$ 8.25$ 2.70$ 6.33$4.29$2,58,944$ 2,64,110Felde Company sells the fishing lures for $27.50. During 2014, thecompany sold 81,200 lures and produced 95,200 lures.Assuming the company uses variable costing, calculate Felde'smanufacturing cost per unit for 2014. Round answer to 2 decimalplaces.

Step 1: Understand Variable CostingUnder variable costing, the manufacturing cost per unit includes…

Answered: Felde Company builds custom fishing…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter3: Cost Behavior

Section: Chapter Questions

Problem 10E: SmokeCity, Inc., manufactures barbeque smokers. Based on past experience, SmokeCity has found that...

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Roper Furniture manufactures office furniture and tracks cost data across their process. The following are some of the costs that they incur. Classify these costs as fixed or variable costs, and as product costs or period costs. Wood used to produce desks ($125,00 per desk) Production labor used to produce desks ($15 per hour) Production supervisor salary ($45,000 per year) Depreciation on factory equipment ($60,000 per year) Selling and administrative expenses ($45,000 per year) Rent on corporate office ($44,000 per year) Nails, glue, and other materials required to produce desks (varies per desk) Utilities expenses for production facility Sales staff commission (5% of gross sales)
Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2017, the company incurred the following costs. Variable Costs per Unit Direct materials $7.95 Direct labor $3.66 Variable manufacturing overhead $6.15 Variable selling and administrative expenses $4.13 Fixed Costs per Year Fixed manufacturing overhead $251,750 Fixed selling and administrative expenses $222,706 Siren Company sells the fishing lures for $26.50. During 2017, the company sold 81,000 lures and produced 95,000 lures. Assuming the company uses variable costing, calculate Siren’s manufacturing cost per unit for 2017. (Round answer to 2 decimal places, e.g.10.50.) Manufacturing cost per unit $ Prepare a variable costing income statement for 2017. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) SIREN COMPANYIncome Statement…
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Recher Corporation uses part Q89 in one of its products. The company's Accounting Department reports the following costs of producing the 9,100 units of the part that are needed every year. Direct materials Direct labor Variable overhead Supervisor's salary Depreciation of special equipment Allocated general overhead An outside supplier has offered to make the part and sell it to the company for $30.00 each. If this offer is accepted, the supervisor's salary and all of the variable costs, including direct labor, can be avoided. The special equipment used to make the part was purchased many years ago and has no salvage value or other use. The allocated general overhead represents fixed costs of the entire company. If the outside supplier's offer were accepted, only $3,000 of these allocated general overhead costs would be avoided. In addition, the space used to produce part Q89 could be used to make more of one of the company's other products, generating an additional segment margin of…
Recher Corporation uses part Q89 in one of its products. The company's Accounting Department reports the following costs of producing the 8,200 units of the part that are needed every year. Per Unit Direct materials $ 7.60 Direct labor $ 4.30 Variable overhead $ 8.50 Supervisor's salary $ 3.30 Depreciation of special equipment $ 2.80 Allocated general overhead $ 1.50 An outside supplier has offered to make the part and sell it to the company for $28.00 each. If this offer is accepted, the supervisor's salary and all of the variable costs, including direct labor, can be avoided. The special equipment used to make the part was purchased many years ago and has no salvage value or other use. The allocated general overhead represents fixed costs of the entire company. If the outside supplier's offer were accepted, only $4,600 of these allocated general overhead costs would be avoided. In addition, the space used to produce part Q89 could be used to make more of…
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