​Morwenna, Inc. reports the following information for​ August:   Sales Revenue $700,000 Variable Cost of Goods Sold 170,000 Fixed Cost of Goods Sold 45,000 Variable Selling and Administrative Costs 160,000 Fixed Selling and Administrative Costs 75,000   Calculate the operating income for August using absorption costing.

Q: On June 30, the end of the first month of operations, Tudor Manufacturing Co. prepared the following…

A: The income statement is prepared using various methods as variable costing and absorption costing…

Q: Farris Corporation, which has only one product, has provided the following data concerning its most…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: The product sells for $45 per unit. Production and sales data tor July and August, the tirst two…

A: Contribution margin shows the excess of sales over variable cost. It is the part of the sales left…

Q: Variable costing Marley Company has the following information for March: Sales $ 912,000…

A: Introduction: Variable costing is a managerial and cost accounting method that deducts fixed…

Q: Philadelphia Company has the following information for March: Sales $458,328 Variable cost of goods…

A: The profit earned by the commercial enterprises is earned from the commercial activities the profit…

Q: Philadelphia Company has the following information for March: Sales $466,710 Variable cost of goods…

A: Formulas:  Manufacturing margin = Sales – Cost of Goods Sold  --------------------------------------…

Q: During the first year of operations, 18,000 units were manufactured and 13,500 units were sold. On…

A:

Q: Variable Costing Mariey Company has the following information for March: Sales $912,000 Variable…

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

Q: Company A reported the following data for April: sales $692,500 cost of goods sold $305,000 total…

A: Solution: Contribution margin for April = Sales - cost of goods sold - variable selling expense -…

Q: Summarized data for Walrus Co. for its first year of operations are: Sales (90,000 units)…

A: Income statement under Absorption costing Income statement under Variable costing

Q: Cosgrove Company, Inc. is a wholesaler that distributes a single product. The company's revenues and…

A: Cost can be divided in Fixed & Variable. Fixed Cost is the cost that remains same irrespective…

Q: Marley Company has the following information for March: Sales $912,000 Variable cost of goods sold…

A:

Q: "acation Corporation produces a single product. Data concernin, he company's first year of…

A: The difference in variable cost and absorption is that of treatment of fixed manufacturing overhead.…

Q: Leigh Company, which has only one product, reported the following results for January: Selling…

A: Absorption costing is also known as Traditional costing:

Q: Philadelphia Company has the following information for March: Sales $488,148 Variable cost of goods…

A: Manufacturing Margin: The manufacturing margin is also known as the Gross Margin. It refers to the…

Q: The following information is available for X Co. for its first year of operations: Sales in units…

A: Using absorption costing, the fixed costs are deferred in ending inventory and released from…

Q: ng data for the month are summarized as follows: Sales $1,665,000 Manufacturing costs: Direct…

A: Under absorption costing, fixed cost is applied on the basis of units sold and under variable…

Q: Comet​ Canisters, Inc. has collected the following data for the current​ year:   Beginning…

A: Unit product cost under absorption costing  = Direct material + Direct labour + Variable…

Q: Philadelphia Company has the following information for March: Sales $491,584 Variable cost of goods…

A: Manufacturing margin = Sales - Variable cost of goods sold Contribution margin = Manufacturing…

Q: Vacation Corporation produces a single product. Data concerning the company's first year of…

A: Its discrepancy in variable cost and absorption is due to how fixed production overhead is treated.…

Q: Assume the following information for a product line: Sales $700,000 Variable cost of goods sold…

A: Cost: The amount paid to purchase the asset, install it, and put it into operations, is referred to…

Q: Norwood Company has the following information for September: Sales $490,000 Variable cost of goods…

A: Computation of the Norwood Company for the month of September are as follows:

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: Bolka Corporation, a merchandising company, reported the following results for October: Sales $…

A: Sales - Variable cost = Contribution margin

Q: The Dorset Corporation produces and sells a single product. The following data refer to the year…

A: Income statement can be prepared using different methods as absorption costing and variable costing.…

Q: Philadelphia Company has the following information for March: Sales $487,491 Variable cost of goods…

A: A company will incur various costs to earn revenue. The costs can be either direct or indirect…

Q: DolCor, Inc. manufactures and sells two products: Debit and Credit. The following data were…

A: Income statement is the summary showing costs, revenues, contribution margin in order to analyse the…

Q: Brother Company sells its products for $66 each. The current production level is 25,000 units. Only…

A: Under absorption costing the fixed manufacturing overheads are treated as a part of unit product…

Q: Compute gross profit if we use Marginal costing. Compute operating profit if we use Marginal…

A:

Q: ABC Company has the following data at the end of its fiscal year:               Prime costs…

A: Under variable costing the product cost includes only variable costs. Product costs are under…

Q: Carla Vista Company reports the following operating results for the month of August: sales $357,000…

A: Formula: Net income = sales - variable cost - fixed cost. Deduction of variable and fixed costs from…

Q: Marley Company has the following information for March: Sales $912,000 Variable cost of goods sold…

A: CVP analysis is considered a decision-making tool that helps management to make strategies and take…

Q: ABC Company has the following data at the end of its fiscal year:               Prime costs…

A: Inventoriable costs of the finished goods = Prime costs + Variable manufacturing overhead + Fixed…

Q: Rey Company’s single product sells at a price of $218 per unit. Data for its single product for its…

A: Formula: Net income = Revenues - expenses Deduction of expenses from revenues derives the net…

Q: Norwood Company has the following information for July: Sales $440,000 Variable cost of goods sold…

A: Given,  Sales $440,000 Variable cost of goods sold 198,000 Fixed manufacturing costs 70,400…

Q: Marley Company has the following information for March: Sales $912,000 Variable cost of goods sold…

A: Manufacturing margin is computed by subtracting the total manufacturing costs( fixed and variable )…

Q: Vacation Corporation produces a single product. Data concerning the company's first year of…

A: Production cost per unit Absorption costing Variable costing Direct Material cost per unit P15 P15…

Q: Doom Bhd manufactures and sells a single product. Cost data for the product are given below:…

A: Formula: Fixed manufacturing overhead per unit = Total fixed manufacturing overhead / Total number…

Q: The contribution format income statement of Goma Corporation follows: Goma Corporation Income…

A: Using absorption costing, the product cost comprises of the variable cost and fixed cost. The net…

Q: Aspen Popular Company prepared the following absorption-costing income statement for the year ended…

A: Fixed Manufacturing overhead cost per Unit : Cost of Goods sold Per unit = 108,000/8,000 = $ 13.50…

Q: If the fixed manufacturing costs were $16,254 and the fixed selling and administrative expenses were…

A: Variable Costing Income Statement - Variable Costing is prepared by deducting all variable expense…

Q: Philadelphia Company has the following information for March: Sales $471,872 Variable cost of goods…

A: a. Manufacturing margin = Sales - Variable cost of goods sold = $471,872 - 223,448 = $248,424

Q: Variable Costing Marley Company has the following information for March: Sales $912,000 Variable…

A: Hence, for the month of March, $438,000 is the manufacturing margin. It is the difference in net…

Q: BNM INC. presented the following data for 2021: Sales ₱256,000 Variable manufacturing costs 96,000…

A: Sales ₱256,000 Variable manufacturing costs 96,000

Q: Rovinsky Corp, a company that produces and sells a single product, has provided its contribution…

A: Compute the contribution margin per unit as shown below: Contribution margin per unit =…

Q: Rey Company’s only product sells for $226 per unit. Data for its first year of operations follow.…

A: Introduction: An income statement is a financial statement that shows a company's income and…

Q: Tony's Company has the following information for March: Sales $1,000,000 Variable cost of goods…

A: Contribution margin is part of cost volume profit analysis. That indicates that excess of revenue…