Novus' cost structure: (See image) In its first year of operations, Novusproduced and sold 4,000 parachutes. The parachutes sold for P310 each. IfNovus would have sold only 3,800 parachutes in its first year, what totalamount of cost would have been assigned to the 200 parachutes infinished goods inventory under the variable costing method? *Variable cost perTotal fixed costfor the yearP342,000P171,000parachuteManufacturing cost.Selling and administrative...P160P10a. P28,000b. P32,000с. Р34,000d. P49,100

Cost of Finished goods inventory under the variable costing method = No. of units in ending finished…

Answered: Novus' cost structure: (See image) In…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Royal Lawncare Company produces and sells two packaged products—Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Greengrow Selling price per unit $ 10.00 $ 31.00 Variable expenses per unit $ 2.40 $ 10.00 Traceable fixed expenses per year $ 130,000 $ 31,000 Last year the company produced and sold 38,000 units of Weedban and 20,500 units of Greengrow. Its annual common fixed expenses are $101,000. Required: Prepare a contribution format income statement segmented by product lines.
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For 2013, Harper Company sold 86,000 units at a selling price of $23 per unit. Variable cost per unit was $15, and Harper's net income for the year was $46,000. What was the amount of Harper's fixed costs? Multiple Choice $1,932,000 $642,000 $688,000 $1,058,000
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Po.25.
Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Selling price per unit Variable expenses per unit Traceable fixed expenses per year $ $ $ 133,000 Greengrow $ $ $ 44,000 8.00 34.00 2.40 13.00 Common fixed expenses in the company total $95,000 annually. Last year the company produced and sold 37,000 units of Weedban and 16,000 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow
[The following information applies to the questions displayed below.] Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales $ 100,000 Variable expenses 65,000 Contribution margin 35,000 Fixed expenses 30,100 Net operating income $ 4,900 9. What is the break-even point in dollar sales?

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