Novak Centre Inc. sells Frisbees. In 2022, the company produced 3,070,000 units but sold only 2,590,000 units. The unit selling price was $1.50 per Frisbee. The company had no beginning inventory. Costs and expenses for the year ended December 31, 2022 were as follows: Variable costs per unit: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative expenses Annual fixed costs and expenses: Manufacturing overhead Selling and administrative expenses $0.46 0.09 0.21 0.23 $368,400 340,000
Novak Centre Inc. sells Frisbees. In 2022, the company produced 3,070,000 units but sold only 2,590,000 units. The unit selling price was $1.50 per Frisbee. The company had no beginning inventory. Costs and expenses for the year ended December 31, 2022 were as follows: Variable costs per unit: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative expenses Annual fixed costs and expenses: Manufacturing overhead Selling and administrative expenses $0.46 0.09 0.21 0.23 $368,400 340,000
Cornerstones of Cost Management (Cornerstones Series)
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Chapter3: Cost Behavior
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Problem 30E: Natur-Gro, Inc., manufactures composters. Based on past experience, Natur-Gro has found that its...
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Prapare an Income Statement Using absorption costing.
Prapare an Income Statement Using variable costing.
![Novak Centre Inc. sells Frisbees. In 2022, the company produced 3,070,000 units but sold only 2,590,000 units. The unit selling price
was $1.50 per Frisbee. The company had no beginning inventory. Costs and expenses for the year ended December 31, 2022 were as
follows:
Variable costs per unit:
Direct materials
Direct labour
Variable manufacturing overhead
Variable selling and administrative expenses
Annual fixed costs and expenses:
Manufacturing overhead
Selling and administrative expenses
$0.46
0.09
0.21
0.23
$368,400
340,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff542718c-0acb-4890-8169-035335c1114a%2F9173fd98-b5ef-4eea-8c2c-b47fb1cf8485%2Fa1j7kl9_processed.png&w=3840&q=75)
Transcribed Image Text:Novak Centre Inc. sells Frisbees. In 2022, the company produced 3,070,000 units but sold only 2,590,000 units. The unit selling price
was $1.50 per Frisbee. The company had no beginning inventory. Costs and expenses for the year ended December 31, 2022 were as
follows:
Variable costs per unit:
Direct materials
Direct labour
Variable manufacturing overhead
Variable selling and administrative expenses
Annual fixed costs and expenses:
Manufacturing overhead
Selling and administrative expenses
$0.46
0.09
0.21
0.23
$368,400
340,000
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