I NEED ONLY THE ANSWERS FOR 9.3 AND 9.4 QUESTION Ross Corporation manufactures and sells one product. The following information pertains to the company's first year of operations:Variable costs per unit:Direct materials$81Fixed costs per yearDirect labor$1,008,000Fixed manufacturing overhead$2,520,000Fixed selling and administrative$1,440,000The company does not have any variable manufacturing overhead costs or variable selling and administrative costs. During its first year ofoperations, the company produced 36,000 units and sold 30,000 units. There was no ending work-in-process inventory. The company's onlyproduct is sold for $251 per unit.9.1 What is the unit product cost under super-variable costing?9.2 What is the net operating income under super-variable costing?9.3 Assume that the company uses a variable costing system that assigns $28 of direct labor cost to each unit that is produced. How muchhigher or lower is variable costing income compared to that under super-variable costing?9.4 Assume that the company uses an absorption costing system that assigns both direct labor and fixed manufacturing costs to each unit thatis produced. What is the unit product cost under this costing system?

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Ross Corporation manufactures and sells one product. The following information pertains to the company's first Variable costs per unit: Direct materials $81 Fixed costs per year Direct labor $1,008,000 Fixed manufacturing overhead $2,520,000 Fixed selling and administrative $1,440,000 The company does not have any variable manufacturing overhead costs or variable selling and administrative cos operations, the company produced 36,000 units and sold 30,000 units. There was no ending work-in-process inve product is sold for $251 per unit.

Ross Corporation manufactures and sells one product. The following information pertains to the company's first Variable costs per unit: Direct materials $81 Fixed costs per year Direct labor $1,008,000 Fixed manufacturing overhead $2,520,000 Fixed selling and administrative $1,440,000 The company does not have any variable manufacturing overhead costs or variable selling and administrative cos operations, the company produced 36,000 units and sold 30,000 units. There was no ending work-in-process inve product is sold for $251 per unit.

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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