HairNeat Inc. manufactures hair brushes that sell at wholesale for $2.60 per unit. Budgeted production in both 2016 and 2017 was 3,000 units. There was no beginning inventory in 2016. The following data summarized the 2016 and 2017 operations:     2016 2017 Units sold 2,500 3,200 Units produced 3,000 3,000 Costs:     Variable manufacturing costs per unit $0.65 $0.65 Fixed factory overhead $1,290 $1,290 Variable marketing per unit $0.80 $0.80 Fixed Selling and Administrative $650 $650 Variable costing operating income for 2016 is calculated to be:

Cap Incorporated manufactures ball point pens that sell at wholesale for $0.80 per unit. Budgeted production in both 2021 and 2022 was 16,000 units. There was no beginning inventory in 2021. The following data summarized the 2021 and 2022 operations: 2021 2022 Units sold 14,500 12,000 Units produced 16,000 13,000 Costs: Variable factory overhead per unit $ 0.15 $ 0.15 Fixed factory overhead $3,200 $ 2,600 Variable marketing per unit $ 0.30 $ 0.30 Fixed Selling and Administrative S 320 S 320 Full costing operating income for 2021 is calculated to be: (Do not round intermediate calculations. Round your final answers to whole dollar amounts.)

Cap Incorporated manufactures ball point pens that sell at wholesale for $0.80 per unit. Budgeted production in both 2021 and 2022 was 13,000 units. There was no beginning inventory in 2021. The following data summarized the 2021 and 2022 operations:     2021 2022 Units sold 11,500 12,000 Units produced 13,000 13,000 Costs:     Variable factory overhead per unit $ 0.15 $ 0.15 Fixed factory overhead $ 2,600 $ 2,600 Variable marketing per unit $ 0.30 $ 0.30 Fixed Selling and Administrative $ 320 $ 320   Full costing operating income for 2022 is calculated to be: (Do not round intermediate calculations. Round your final answers to whole dollar amounts.)   Multiple Choice   $1,480.   $214.   $2,150.   $1,700.   $1,518.

Wynter Company manufactures and sells a single product. Its budgeted production stands at 25 000 units.  The following costs were incurred during 2017, the company’s first year of operations.     Variable cost per unit            Production                   Direct materials                                            $18                   Direct labour                                                    7                   Variable manufacturing overhead                   2                   Fixed costs per year     Manufacturing overhead                                                           $150 000   Selling and administrative                                                        $110 000   During 2017, the company produced 20 000 units and sold 16,000 units. The selling price of the company’s product is $50 per unit  Required:  a)      Compute the number of units in ending inventory.…

Wynter Company manufactures and sells a single product. Its budgeted production stands at 25 000 units.  The following costs were incurred during 2017, the company’s first year of operations.     Variable cost per unit            Production                   Direct materials                                            $18                   Direct labour                                                    7                   Variable manufacturing overhead                   2                   Fixed costs per year     Manufacturing overhead                                                           $150 000   Selling and administrative                                                        $110 000   During 2017, the company produced 20 000 units and sold 16,000 units. The selling price of the company’s product is $50 per unit  Required:                      c)    Assume that the company uses the Marginal costing method:        i.   Compute the cost of producing one unit of product.…

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Arsons company is planning to produce 2,100 units of product in 2017. Each unit requires 1.60 pounds of materials at $6.40 per pound and a half-hour of labor at $16.00 per hour. The overhead rate is 60% of direct labor. Required A. Compute the budgeted amounts for 2017 for direct materials to be used, direct labor, and applied overhead. B. Compute the standard cost of one unit of production (round answer to 2 decimal places).

Champion Company manufacturing overhead budget for the first quarter of 2016 contained the following data: Variable Costs  Indirect materials $40,000  Indirect labor 24,000  Utilities 20,000  Maintenance 12,000  Fixed Costs  Supervisor’s salary $80,000  Depreciation 16,000  Property taxes 8,000  Actual variable costs for the first quarter were:  Indirect materials $37,200 Indirect labor 26,400  Utilities 21,000  Maintenance 10,600  Actual fixed costs were as expected except for property taxes which were $9,000. All costs are considered controllable by the department manager except for the supervisor’s salary.  Instructions Prepare a manufacturing overhead responsibility performance report for the first quarter

The polishing department of Taylor Manufacturing Company operated during April 2016 with the following manufacturing overhead cost budget based on 5,000 hours of monthly productive capacity: Taylor Manufacturing CompanyPolishing DepartmentOverhead Budget (5,000 Hours)For the Month of April 2016 Variable costs:           Factory supplies       $100,000   Indirect labor       152,000   Utilities       68,000   Patent royalties on secret process       296,000   Total variable overhead         $616,000 Fixed costs:           Supervisory salaries       160,000   Depreciation on factory equipment       144,000   Factory taxes       48,000   Factory insurance       32,000   Utilities (base charge)       80,000   Total fixed overhead         464,000 Total manufacturing overhead         $1,080,000   The polishing department was operated for 4,500 hours during April and incurred the following manufacturing overhead costs: Factory supplies       $97,470…