Question: In 2009, Voest Inc.'s income under absorption costing was $15,000 higher than its income under variable costing. During the year, the company produced 20,000 units. If total variable production costs were $80,000 and fixed manufacturing overhead was $40,000, how many units did the company sell in 2009?

Question: In 2009, Voest Inc.'s income under absorption costing was $15,000 higher than its income under variable costing. During the year, the company produced 20,000 units. If total variable production costs were $80,000 and fixed manufacturing overhead was $40,000, how many units did the company sell in 2009?

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter10: Cost Analysis For Management Decision Making

Section: Chapter Questions

Problem 8E: The sales price per unit is 13 for the Voyageur Companys only product. The variable cost per unit is...

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· Roberts Company produces a single product. During the year just ended, the company's net operating income under absorption costing was P3,000 lower than under variable costing. The company sold 9.000 units during the year, and its variable costs were P9 per unit, of which P3 was variable selling expense and P2 was direct material. If production cost is P11 per unit under absorption costing every year, then how much is the net income under throughput costing? a. P3,000 higher than variable costing b. P2,400 higher than absorption costing c. P3,000 lower than variable costing and same as the income of absorption costing d. P5,400 higher than absorption costing e. P1,200 higher than the variable costing
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During 2022, Bridgeport Corp. produced 45,100 units and sold 36,080 for $14.00 per unit. Variable manufacturing costs were $4.00 per unit. Annual fixed manufacturing overhead was $108,240. Variable selling and administrative costs were $3.00 per unit sold, and fixed selling and administrative expenses were $19,900. (a) Prepare an absorption-costing income statement. (b) Your answer is correct. 4 Sales Cost of goods sold Beginning inventory Add ✓ Costs of goods manufactured Goods available for sale Less Ending inventory Gross margin Less Selling and administrative expenses Operating income eTextbook and Media Bridgeport Corp. Income Statement-Absorption Costing For the Year Ended December 31, 2022 Variable costing operating income $ Absorption costing operating income Fixed manufacturing overhead costs deferred in ending inventory $ $ 288640 i 288640 0 57728 i 505120 230912 i 274208 Reconcile the difference between the net income under variable costing and the net income under…
Last month when Holiday Creations, Inc., sold 45,000 units, total sales were $289,000, total variable expenses were $236,980, and fixed expenses were $35,400. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $1,700? (Do not round intermediate calculations.) 1. Contribution margin ratio % 2. Estimated change in net operating income
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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