Nat Corporation has just completed its first year of operation. Below are selected data: Number of units produced 10,000 Number of units sold 8,000 Selling price per unit $ 30.00 Cost per unit: Direct materials $ 3.00 Direct labor 5.00 Variable overhead 1.00 Variable selling expenses 2.00 Fixed expenses: Fixed overhead $ 40,000 Fixed selling expenses 30,000 The operating income using variable costing is: $_

Nat Corporation has just completed its first year of operation. Below are selected data: Number of units produced 10,000 Number of units sold 8,000 Selling price per unit $ 30.00 Cost per unit: Direct materials $ 3.00 Direct labor 5.00 Variable overhead 1.00 Variable selling expenses 2.00 Fixed expenses: Fixed overhead $ 40,000 Fixed selling expenses 30,000 The operating income using variable costing is: $_

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 2E: Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each...

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Consider the following information for Presidio Incorporated's most recent year of operations. Number of units produced Number of units sold Sales price per unit Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($282,960 2,400 units) Total variable selling expenses ($14 per unit sold) Total fixed general and administrative expenses Complete this question by entering your answers in the tabs below. Required: 2-a. Complete a full absorption costing income statement for Presidio. Assume there was no beginning inventory. 2-b. Complete a contribution margin income statement for Presidio. Assume there was no beginning inventory. 3. Compute the difference in profit between full absorption costing and variable costing. Req 2A Reg 2B 2,400 1,500 $ 630.00 65.00 95.00 45.00 117.90 Req 3 Gross Margin Less: Non-Manufacturing Expenses 21,000.00 74,000.00 Complete a full absorption costing income statement for Presidio.…
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