Question:(Account) 10-59A manufacturing company that produces a singleproduct has provided the following data concerning itsmost recent month of operations:Units in beginning inventory0Units produced4,450Units sold4,350Units in ending inventory100Variable costs per unit:Direct materials$50Direct labor$ 52Variable manufacturing overhead$ 15Variable selling and administrative$ 13Fixed costs:Fixed manufacturing overhead$93,450Fixed selling and administrative$ 43,500What is the variable costing unit product cost for themonth?

Step 1: Understand Variable CostingUnder variable costing, the unit product cost includes only…

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Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 27E: Selected information concerning the operations of a company for the year ended December 31 is as...

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Required information Skip to question Jarvix Company, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $111 Units in beginning inventory 0 Units produced 8, 800 Units sold 8,900 Variable costs per unit: Direct materials $34 Direct labour $37 Variable manufacturing overhead $3 Variable selling and administrative $9 Fixed costs: Fixed manufacturing overhead $61,600 Fixed selling and administrative $169, 100 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. What was the unit product cost for the month under absorption costing?
Subject:- General Account Aaker Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced $ 119 0 6,550 Units sold 6,250 Units in ending inventory 300 Variable costs per unit: Direct materials $ 17 Direct labor $ 47 Variable manufacturing overhead $ 11 Variable selling and administrative $ 11 Fixed costs: Fixed manufacturing overhead $1,76,850 Fixed selling and administrative $25,500 What is the unit product cost for the month under variable costing? a. $86 per units b. $113 per units c. $102 per units d. $75 per units
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Question 1: At the end of its fiscal year December 31, Year 2, the following information appears in the financial statements of Quality Manufacturers: Cost of goods manufactured $400, 000 FOH (120 % of Direct Labor $ 92, 000 Cost of R. Material Used (all Direct) 150, 000 Work in process Inventory (ending) 48, 000 Required: By using data given above, determine the “Manufacturing cost”and “work in process inventory” on January 1.
4)The Dorset Corporation produces and sells a single product. The following datarefer to the year just completed:Beginning inventory 0Units produced 32,200Units sold 26,600Selling price per unit $ 422Selling and administrative expenses:Variable per unit $ 19Fixed per year $ 452,200Manufacturing costs:Direct materials cost per unit $ 259Direct labor cost per unit $ 56Variable manufacturing overhead cost per unit $ 34Fixed manufacturing overhead per year $ 450,800Assume that direct labor is a variable cost.Required:a. Compute the unit product cost under both the absorption costing and variablecosting approaches.Cost per unitAbsorption costingVariable costingb. Prepare an income statement for the year using absorption costing.Absorption Costing Income Statement1,569,400$611,800c. Prepare an income statement for the year using variable costing.Variable Costing Income Statement4) 5Variable expenses:9,788,8001,436,400Fixed expenses:903,000$533,400d. Reconcile the absorption costing and…
Question: 7 Smooch Incorporated, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 97 Units in beginning inventory 500 Units produced 8,400 Units sold 8,500 Units in ending inventory 400 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative $ 20 $ 37 $ 1 $ 11 Fixed costs: Fixed manufacturing overhead $ 67,200 Fixed selling and administrative $1,61,500 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. What is the net operating income for the month under absorption costing? a. $8,500 b. $9,300 c. $3,200 d. $15,100

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Cornerstones of Cost Management (Cornerstones Ser…

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ISBN:

9781305970663

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Don R. Hansen, Maryanne M. Mowen

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