Sales staff commissions Phoenix Company reports the following actual results. Actual sales were 18,300 units. Sales (18,300 units) Costs Direct materials Direct labor $ 3,705,750 $ 1,204,140 263,520 82,350 Depreciation-Machinery 295,000 Supervisory salaries 209,000 Shipping 284,565 Sales staff salaries (fixed annual amount) Administrative salaries 269,000 415,400 Depreciation-office equipment 197,000 Income 485,775 Required: Prepare a flexible budget performance report for the year. Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "No variance" and enter "O" for zero variance.

Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. 3. Of the unit manufacturing cost calculated in Requirement 2, 2.70 is direct materials and 5.30 is overhead. What is the prime cost per unit? Conversion cost per unit?

K Rios Corporation reports costs for the year as follows: Direct Materials Used Wages to Line Workers Office Rent Indirect Materials Used How much is the total product costs for the year? A. $605,000 OB. $1,155,000 OC. $550,000 OD. $1,199,500 $430,000 120,000 44,500 605,000

Robin Company reported the following costs for the current month: Direct materials used $ 8,500 Direct labor 20,900 Sales salaries 10,500 Indirect labor 1,870 Production manager's salary 6,070 Marketing costs 9,230 Factory lease 4,650 What are Robin's prime costs? Multiple Choice $37,470 $42,500 $31,400 $29,400

Malone Company has the following balances for the current month: Indirect materials used $1320 Direct labor 5469 Sales salaries 11588 Indirect labor 1508 Production manager's salary 10170 Marketing costs 4286 Factory rent Direct materials used What are the total period costs? 11814 2021

Jasper Company provided the following information for last year: Costs Sales in units Selling price Direct materials Direct labor Manufacturing overhead Selling expense Administrative expense Amount 285,000 $17 $143,000 $503,000 $110,000 $439,000 $860,000 Last year, beginning and ending inventories of work in process and finished goods equaled zero. costs. Required: 1. Prepare an income statement for Jasper for last year. Calculate the percentage of sales for each line item on the income statement. Round percentages to the nearest tenth of a percent. 2. CONCEPTUAL CONNECTION: Briefly explain how a manager could use the income statement created for Requirement 1 to better control

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Subject: acounting

5. Income statement; profit percentage. The Shelikoff Company submits the following informa- Tion on December 31, 19--: $314.000 Sales for the year.. Inventories at the beginning of the year: Finished goods Work in process Materials Purchases of materials for the year Direct labor 5,900 4,600 3,800 140,000 67,350/ Factory overhead: 50% of labor cost Inventories at the end of the year: Finished goods Work in process. Materials. 9.270 6,200 4,300 Other expenses for the year: Marketing expenses Administrative expenses 23,115 17,650 Required: (1) An income statement for the year ended December 31, 19-- (2) The percentage of income to sales, before income tax.

Joplin Company Absorption Costing Income Statement For the Month Ended April 30 Sales (2,500 units) Cost of goods sold: Cost of goods manufactured (2,900 units) Inventory, April 30 (400 units) Total cost of goods sold Gross profit Selling and administrative expenses Operating income $75,400 (10,400) $92,500 (65,000) $27,500 (16,050) $11,450 If the fixed manufacturing costs were $18,096 and the fixed selling and administrative expenses were $7,860, prepare an income statement according to the i variable costing concept. Round all final answers to whole dollars.