Nova Care Devices Ltd., which has only one product, provided the following data for its most recent month of operations: Description Selling Price Amount $120 Units in Beginning Inventory 0 Units Produced Units Sold 6,200 5,900 Units in Ending Inventory 300 Variable Costs per Unit: • Direct Materials = $18 • Direct Labor = $50 Variable Manufacturing Overhead = $15 Variable Selling and Administrative = $10 Fixed Costs: • Fixed Manufacturing Overhead = $155,000 • Fixed Selling and Administrative = $30,000 What is the unit product cost for the month under variable costing?

Nova Care Devices Ltd., which has only one product, provided the following data for its most recent month of operations: Description Selling Price Amount $120 Units in Beginning Inventory 0 Units Produced Units Sold 6,200 5,900 Units in Ending Inventory 300 Variable Costs per Unit: • Direct Materials = $18 • Direct Labor = $50 Variable Manufacturing Overhead = $15 Variable Selling and Administrative = $10 Fixed Costs: • Fixed Manufacturing Overhead = $155,000 • Fixed Selling and Administrative = $30,000 What is the unit product cost for the month under variable costing?

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter18: Pricing And Profitability Analysis

Section: Chapter Questions

Problem 28P: The following information pertains to Vladamir, Inc., for last year: There are no work-in-process...

See similar textbooks

Similar questions

The following production data came from the records of Olympic Enterprises for the year ended December 31, 2016: During the year, 40,000 units were manufactured but only 35,000 units were sold. Determine the effect on inventory valuation by computing the following: 1. Total inventoriable costs and the cost of the 35,000 units sold and of the 5,000 units in the ending inventory, using variable costing. 2. Total inventoriable costs and the cost of the 35,000 units sold and of the 5,000 units in the ending inventory, using absorption costing.
Please provide the answer to this general accounting question using the right approach.
Circetrax, Inc. has provided the following financial information for the year: Finished Goods Inventory: Beginning balance, in units 600 Units produced 2,800 Units sold 2,900 Ending balance, in units 500 Production costs: Variable manufacturing costs per unit $60 Total fixed manufacturing costs $42,000 What is the unit product cost for the year using absorption costing? A. $84 B. $75 C. $130 D. $74
Please show me how to solve this financial accounting problem using valid calculation techniques.
Ober Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense Required: $ 127 0 8,970 8,540 430 $ 37 $ 36.50 $ 5.50 $ 12.50 $ 183,885 $ 109,900 a. Prepare a contribution format income statement for the month using variable costing. b. Prepare an income statement for the month using absorption costing.
Grace Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $6,400 $18,600 $5,600 SS $(20,400) $ $ $ 95 0 3,500 3,100 400 22 What is the net operating income for the month under absorption costing? 2975 39 55,900 3,000
Please provide the answer to this general accounting question using the right approach.
sanjay
The following is Callister's Cost Structure
Can you solve this financial accounting problem using accurate calculation methods?
Please give me correct answer this general accounting question
Nelter Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per-unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $ 122 290 6,600 6,590 300 $ 42 $ 26 $ 2 $ 21 $ 151,800 $ 46,130 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. Required: a. Prepare a contribution format income statement for the month using variable costing. b. Prepare an income statement for the month using absorption costing.