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 : Units sold Units produced 2016 2017 2,500 3,200 3,000 3,000 Costs: Variable factory overhead 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 What is the value of closing inventory in 2017 under variable costing 1) $325 2) $540 3) $195 4) $1,625

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 : Units sold Units produced 2016 2017 2,500 3,200 3,000 3,000 Costs: Variable factory overhead 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 What is the value of closing inventory in 2017 under variable costing 1) $325 2) $540 3) $195 4) $1,625

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 22E: Ellerson Company provided the following information for the last calendar year: During the year,...

See similar textbooks

Similar questions

Prepare a cost of goods sold budget for MacLaren Manufacturing Inc. for the year ended December 31, 2016, from the following estimates. Inventories of production units: Direct materials purchased during the year, 548,000; beginning inventory of direct materials, 36,000; and ending inventory of direct materials, 23,000. Totals from other budgets included:
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 What is the value of closing inventory in 2016 under absorption costing? Question 9 options: 1) $325 2) $540 3) $195 4) $324 Next Page
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: Question 8 options: 1) $935 2) $1,150 3) $1,200 4) $1,352
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 Absorption costing operating income for 2016 is calculated to be: Question 9 options: 1) $935 2) $1,150 3) $1,200 4) $1,352
Zhender Inc. manufactures hair brushes that sell at wholesale for $2.50 per unit. Budgeted production in both 2018 and 2019 was 4,600 units. There was no beginning inventory in 2018. The following data summarized the 2018 and 2019 operations: 2018 2019 Units sold 3,300 4,800 Units produced 4,600 4,600 Costs: Variable factory overhead per unit $ 0.65 $ 0.65 Fixed factory overhead $ 1,978 $ 2,070 Variable marketing per unit $ 0.75 $ 0.80 Fixed Selling and Administrative $ 650 $ 650 Variable costing operating income for 2019 is calculated to be: (Do not round intermediate calculations. Round your final answers
Zhender Inc. manufactures hair brushes that sell at wholesale for $2.60 per unit. Budgeted production in both 2018 and 2019 was 3,800 units. There was no beginning inventory in 2018. The following data summarized the 2018 and 2019 operations: 2018 2019 Units sold 2,900 4,000 Units produced 3,800 3,800 Costs: Variable factory overhead per unit $ 0.55 $ 0.65 Fixed factory overhead $ 1,710 $ 1,710 Variable marketing per unit $ 0.75 $ 1.00 Fixed Selling and Administrative $ 650 $ 650 Full costing operating income for 2018 is calculated to be: (Do not round intermediate calculations. Round your final answers to whole dollar amounts.) rev: 04_17_2020_QC_CS-208664 Multiple Choice $1,470. $1,815. $1,825. $1,517. $1,410.
Zhender Inc. manufactures hair brushes that sell at wholesale for $2.60 per unit. Budgeted production in both 2018 and 2019 was 3,000 units. There was no beginning inventory in 2018. The following data summarized the 2018 and 2019 operations: 2018 2019 Units sold 2,500 3,200 Units produced 3,000 3,000 Costs: Variable factory overhead 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 Full costing operating income for 2018 is calculated to be:
Zhender Inc. manufactures hair brushes that sell at wholesale for $2.60 per unit. Budgeted production in both 2018 and 2019 was 4,400 units. There was no beginning inventory in 2018.The following data summarized the 2018 and 2019 operations: 2018 2019 Units sold 3,200 4,600 Units produced 4,400 4,400 Costs: Variable factory overhead per unit $0.55 $0.65 Fixed Factory Overhead $1,980 $1,980 Variable Marketing per unit $0.75 $1.00 Fixed Selling and Administrative $650 $650 Full cost operating income for 2018 is calculated to be: (Do not round immediate calculations. Round final answers to whole dollar amounts)
Writer One Inc. manufactures ball point pens that sell at wholesale for $0.80 per unit. Budgeted production in both 2018 and 2019 was 8,500 units. There was no beginning inventory in 2018. The following data summarized the 2018 and 2019 operations: 2018 2019 Units sold 7,000 6,500 Units produced 8,500 7,500 Costs: Variable factory overhead per unit $ 0.15 $ 0.15 Fixed factory overhead $ 1,700 $ 1,500 Variable marketing per unit $ 0.30 $ 0.30 Fixed Selling and Administrative $ 320 $ 320 Full costing operating income for 2019 is calculated to be:
Writer One Inc. manufactures ball point pens that sell at wholesale for $0.80 per unit. Budgeted production in both 2018 and 2019 was 14,500 units. There was no beginning inventory in 2018. The following data summarized the 2018 and 2019 operations: 2018 2019 Units sold 13,000 12,500 Units produced 14,500 13,500 Costs: Variable factory overhead per unit $ 0.15 $ 0.15 Fixed factory overhead $ 2,900 $ 2,700 Variable marketing per unit $ 0.30 $ 0.30 Fixed Selling and Administrative $ 320 $ 320 Full costing operating income for 2019 is calculated to be: (Do not round intermediate calculations. Round your final answers to whole dollar amounts.) Multiple Choice $225. $655. $1,555. $2,150. $1,780.
Zhender Inc. manufactures hair brushes that sell at wholesale for $2.60 per unit. Budgeted production in both 2018 and 2019 was 4,000 units. There was no beginning inventory in 2018. The following data summarized the 2018 and 2019 operations: 2018 2019 Units sold 3,000 4,200 Units produced 4,000 4,000 Costs: Variable factory overhead per unit $ 0.65 $ 0.65 Fixed factory overhead $ 1,800 $ 1,800 Variable marketing per unit $ 0.75 $ 0.80 Fixed Selling and Administrative $ 650 $ 650 Full costing operating income for 2019 is calculated to be: (Do not round intermediate calculations. Round your final answers to whole dollar amounts.)
Writer One Inc. manufactures ball point pens that sell at wholesale for $0.80 per unit. Budgeted production in both 2018 and 2019 was 8,000 units. There was no beginning inventory in 2018. The following data summarized the 2018 and 2019 operations: 2018 2019 Units sold 6,500 9,000 Units produced 8,000 8,000 Costs: Variable factory overhead per unit $ 0.20 $ 0.20 Fixed factory overhead $ 1,200 $ 1,200 Variable marketing per unit $ 0.30 $ 0.30 Fixed Selling and Administrative $ 320 $ 320 Variable costing operating income for 2018 is calculated to be: Multiple Choice $655. $1,180. $1,030. $149. $430.