Please provide the answer to this general accounting question using the right approach. Horizon Technologies had the following data for the year:•••.Beginning inventory in units = 0Units produced = 6,000=Units sold 5,200=Sales $500,000Material cost (unit level or variable) = $120,000.•Variable conversion cost used = $60,000••Facility-level or fixed manufacturing cost = $90,000Indirect operating costs (fixed) = $100,000What is the absorption cost of goods sold for Horizon Technologies?

Step 1: Definition of Absorption Cost of Goods SoldAbsorption Cost of Goods Sold represents the…

Answered: Horizon Technologies had the following…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

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Chapter5: Process Costing

Section: Chapter Questions

Problem 1PA: The following product Costs are available for Haworth Company on the production of chairs: direct...

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Jerome Company has manufactured a product and has provided you the following relevant range of 30,000 to 50,000 units produced and sold annually: Units produced and sold 30000 40000 50000 Particulars Units Units Units Total Costs: Variable Costs $ 180,000 S 300,000 $ 480,000 ? ? Fixed Costs ? ? Total Costs ? ? Costs per Unit: Variable cost ? ? ? Fixed cost ? ? ? Total cost per unit: You are required to calculate net operating income if the company produces and sells 45,000 units during the year at a selling price of $16 per unit. a. Net income for the year is $250,000 b. Net income for the year is $150,000 c. Net income for the year is $175,000 d. Net income for the year is $215,000
Davidson Corp., which began business at the start of the current year, had the following data: . Planned and actual production: 50,000 units Sales: 45,000 units at $18 per unit Production costs: • Variable cost per unit: $6 • Total fixed production cost: $300,000 What is the gross margin that the company would disclose on an absorption-costing income statement? A. $0 B. $150,000 C. $270,000 D. $390,000
Alba Company is considering the introduction of a new product. To determine the selling price of this product, you have gathered the following information: • Direct material cost per unit Direct labor cost per unit • Variable manufacturing cost per unit Total fixed manufacturing costs.. • Variable selling and administration cost per unit Total fixed selling and administration costs.. .$3,000 .$2,250 ..S1,000 .S1,750,000 ..$1,250 .$550,000 If the company requires a rate of return 18% on its investments and $6,000,000 investments are needed. The total direct materials to be used in the production is $3,000,000. Required: 1. If the company uses absorption costing approach to cost-plus pricing, compute: a. The unit product cost. b. The markup percentage. c. The selling price per unit. 2. Assume that the company is considering the introduction of other new product. If the target-selling price per unit is $5,500 and the company investing $5,000,000 to purchase equipment needed produce 500…
Sheridan Company had the following operating data for the year for its computer division: sales, $700000; contribution margin, $171000; total fixed costs (controllable), $119000; and average total operating assets, $300000. What is the controllable margin for the year? O $171000. O 57%. O $52000. O 17.3%.
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Haresh
[The following information applies to the questions displayed below.] The following data are available for product no. CK74, manufactured and sold by Ruby Corporation: Maximum capacity with present facilities 3,500 units Total fixed cost (per period) $ 798,000 Variable cost per unit $ 115.00 Sales price per unit $ 185.00 The contribution margin per unit for product no. CK74 is:
Please provide the answer to this general accounting question using the right approach.
The following data are available for product number CK74, manufactured and sold by Ruby Corporation: Maximum capacity with present facilities Total fixed cost (per period) Variable cost per unit Sales price per unit The contribution margin per unit for product number CK74 is: Multiple Choice $39.00 $70.00. $158.00. $61.00. 7,500 units $ 819,000 $123.00 $ 193.00
What is the contribution margin per unit sold on these accounting question?
General Accounting
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