Question: 23 Gangwer Corporation produces a single product and has the following cost structure: Number of units produced each year 9,000 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expense The absorption costing unit product cost is: a. $147.5 b. $163.5 c. $41.5 d. $99.5 $ 58 $ 28 $ 20 $ 16 $ 3,73,500 $ 2,74,500

Question: 23 Gangwer Corporation produces a single product and has the following cost structure: Number of units produced each year 9,000 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expense The absorption costing unit product cost is: a. $147.5 b. $163.5 c. $41.5 d. $99.5 $ 58 $ 28 $ 20 $ 16 $ 3,73,500 $ 2,74,500

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter2: Basic Managerial Accounting Concepts

Section: Chapter Questions

Problem 39E: Cost Classification Loring Company incurred the following costs last year: Required: 1. Classify...

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Question: Gangwer Corporation produces a single product and has the following cost structure: Number of units produced each year Variable costs per unit: Direct materials Direct Labor Variable Manufacturing overhead Variable selling and administrative expense Fixed Costs per year: Fixed manufacturing overhead Fixed Selling and administrative expense The absorption costing unit product cost is: A. $95 B. $119 6,000 $ 43 $ 13 $ 5 $ 1 $2,04,000 $ 1,38,000 C. $61 D. $56
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Assume the following information for a company that produced and sold 10,000 units during its first year of operations: Per Unit Per Year $ 200 Selling price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Using absorption costing, what is the company's unit product cost? Multiple Choice $176 $146 $166 $ 84 $ 50 $ 12 $ 300,000 D
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Question: Account - 12 Greg Corporation produces a single product and has the following cost structure: Number of units produced each year 13,000 Number of units sold: 20X1 13,000 Number of units sold: 20X2 8,000 Number of units sold: 20X3 18,000 Selling price $125 / unit Variable costs per unit Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses $ 14 $ 18 $ 7 $3 $91,000 $ 1,10,000 1. Compute the unit product cost under absorption costing. 2. Compute the unit product cost under variable costing.
15 es [The following information applies to the questions displayed below.] Diego Company manufactures one product that is sold for $77 per unit in two geographic regions-East and West. The following information pertains to the company's first year of operations in which it produced 59,000 units and sold 54,000 units. Variable costs per unit: Manufacturing: Direct materials. Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expense $27 $ 10 $2 $3 The company sold 41,000 units in the East region and 13,000 units in the West region. It determined that $330,000 of its fixed selling and administrative expense is traceable to the West region, $280,000 is traceable to the East region, and the remaining $52,000 is a common fixed expense. The company will continue to incur the total amount of its fixed manufacturing overhead costs as long as it continues to produce any amount of…