Under absorption costing, the cost of goods sold would be: A. 39,000 B. 62,400 C. 70,200D. 71,000 Rebel Co. manufactures a single product and has the following cost structure:Variable cost per unitProductionSelling and administrative3During the year, 8,000 units were produced, and 7,800 units were sold.PSFixed CostsProductionSelling and administrativeP32,00016,000

In absorption costing, all manufacturing costs - both variable and fixed are treated as product…

Answered: Rebel Co. manufactures a single product…

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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Use the information in the following table to compute each department's contribution to overhead (both in dollars and as a percent). (Round Contribution percent to 1 decimal place.) Sales Cost of goods sold Gross profit Total direct expenses Contribution to overhead Contribution percent (of sales) O Department A O Department B Department C Dept. A $ 57,000 35,910 21,090 5,820 Dept. B $207,000 107,640 99,360 44,200 Which department contributes the largest dollar amount to total overhead? Department A O Department B O Department C Dept. C $ 77,000 40,810 36,190 9,146 Which department contributes the highest percent (as a percent of sales) to total overhead?
3
Compute conversion costs given the following data: direct materials, $394,900; direct labor, $195,700; factory overhead, $212,200 and selling expenses, $43,800. a.$168,400 b.$802,800 c.$407,900 d.$607,100
Variable Costing, Absorption Costing
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Kk.166.
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Rebel Co. manufactures a single product and has the following cost structure: Variable cost per unit Production Fixed Costs Production PS Selling and administrative 3 Selling and administrative During the year, 8,000 units were produced, and 7,800 units were sold. P32,000 16,000