Question: 77 Boston, Inc., planned and actually manufactured 190,000 units of its single product in 2017, its first year of operation. Variable manufacturing cost was $20 per unit produced. Variable operating (nonmanufacturing) cost was $9 per unit sold. Planned and actual fixed manufacturing costs were $950,000. Planned and actual fixed operating (nonmanufacturing) costs totaled $360,000. Boston sold 130,000 units of a product at $40 per unit. Boston's 2017 operating income using absorption costing is a) $420,000 b) $120,000 c) $480,000 d) $780,000 e) none of these.

(CMA) Miami, Inc., planned and actually manufactured 250,000 units of its single product in 2017, its first year of operation. Variable manufacturing cost was $19 per unit produced. Variable operating (nonmanufacturing) cost was $13 per unit sold. Planned and actual fixed manufacturing costs were $750,000. Planned and actual fixed operating (nonmanufacturing) costs totaled $420,000. Miami sold 170,000 units of product at $41 per unit. Q. Miami’s 2017 operating income using variable costing is (a) $1,100,000, (b) $600,000, (c) $360,000, (d) $780,000, or (e) none of these. Show supporting calculations.

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Boston​, ​Inc., planned and actually manufactured 200,000 units of its single product in 2017​, its first year of operation. Variable manufacturing cost was $20 per unit produced. Variable operating​ (nonmanufacturing) cost was $11 per unit sold. Planned and actual fixed manufacturing costs were $1,000,000. Planned and actual fixed operating​ (nonmanufacturing) costs totaled $370,000. Boston sold 140,000 units of product at $46 per unit.   Read the requirements LOADING... .   Requirement 1. Boston​'s 2017 operating income using absorption costing is​ (a) $1,030,000​, ​(b) $730,000​, ​(c) $1,100,000​, (d) $1,400,000, or​ (e) none of these. Show supporting calculations.   Begin by selecting the labels used in the absorption costing calculation of operating income and enter the supporting amounts. Perform the calculations in this​ step, but select the correct operating income in the next step. ​(For amounts with a​ $0 balance, make sure to enter​ "0" in the appropriate​ cell.)…

Hamilton Inc. planned and actually manufactured 250,000 units of its single product in 2022, its first year of operation. Variable manufacturing cost was $19 per unit produced. Variable operating (non-manufacturing) cost was $10 per unit sold. Planned and actual fixed manufacturing costs were $750,000. Planned and actual fixed operating (non-manufacturing) costs totalled $370,000. Hamilton sold 110,000 units of product at $45 per unit. Required 1. Hamilton's 2022 operating income using absorption costing is (a) $4,700,000, (b) $1,060,000, (c) $640,000, (d) $(2,580,000), or (e) none of these. Show supporting calculations. 2. Hamilton's 2022 operating income using variable costing is (a) $4,700,000, (b) $1,060,000, (c) $640,000, (d) $(2,580,000), or (e) none of these. Show supporting calculations. Requirement 1. Hamilton's 2022 operating income using absorption costing is (a) $1,060,000, (b) $640,000, (c) $4,700,000, (d) $(2,580,000), or (e) none of these. Show supporting calculations.…

Seattle, Inc., planned and actually manufactured 190,000 units of its single product in 2017, its first year of operation. Variable manufacturing cost was $21 per unit produced. Variable operating (nonmanufacturing) cost was $7 per unit sold. Planned and actual fixed manufacturing costs were $570,000. Planned and actual fixed operating (nonmanufacturing) costs totaled $430,000. Seattle sold 100,000 units of product at $44 per unit. Read the requirements. Requirement 1. Seattle's 2017 operating income using absorption costing is (a) $870,000, (b) $600,000, (c) $1,030,000, (d) $1,300,000, or (e) none of these. Show supporting calculations. Begin by selecting the labels used in the absorption costing calculation of operating income and enter the supporting amounts. Perform the calculations in this step, but select the correct operating income in the next step. (For amounts with a $0 balance, make sure to enter "0" in the appropriate cell.) Absorption costing

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Jane Company started its operations at the beginning of 2016. The production and sales data of for the year 2016 wvere as follows: Variable costs per unit: • Direct materials: $20 • Direct labor: $10 • Variable manufacturing overhead: $4 Variable selling and administrative expenses: $8 Fixed costs per year: • Fixed manufacturing overhead: $180,000 • Fixed selling and administrative expenses: $600,000 During the year 2016, Jane Company manufactured 30,000 units out of which 22.000 units were sold. What is the cost of goods sold using absorption costing? (DO NOT USE COMMAS OR ANY SYMBOLS)

Current Attempt in Progress     Lily Company uses a standard cost accounting system. In 2022, the company produced 27,600 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $12.00. Normal capacity was 50,300 direct labor hours. During the year, 130,200 pounds of raw materials were purchased at $0.90 per pound. All materials purchased were used during the year. (a)     If the materials price variance was $5,208 favorable, what was the standard materials price per pound? (Round answer to 2 decimal places, e.g. 2.75.) Standard materials price per pound

Example 3: Wouie Corporation During the year 2020, Wouie Corporation's production was equal to its normal capacity of 1,000 units. It sold 900 units at a price of P50 per unit. The following costs were incurred during the year: Total Cost Cost per unit Direct Materials P12,000 P12 Direct Labor 10,000 10 Variable FOH 8,000 8 Fixed FOH 6,000 9. Variable Selling & Admin 4,500 Fixed Selling & Admin 3,000 3. Required: 1. Product Cost per unit under Absorption & Variable Costing. Income under Absorption & Variable Costing. Reconciliation of Absorption Income & Variable Costing Income