Skytel Apparel produces and sells sports jerseys. Below is the financial data for 2025: . • • • Selling price: $18.00 per jersey Variable Costs: ° о Production (Manufacturing Costs): $4.25 per jersey Selling & Administration: $1.50 per jersey Fixed Costs: о о Production (Manufacturing Costs): $1,200,000 per year Selling & Administration: $2,500,000 per year Units Produced: 450,000 Units Sold: 390,000 Compute the net income under variable costing.

Skytel Apparel produces and sells sports jerseys. Below is the financial data for 2025: . • • • Selling price: $18.00 per jersey Variable Costs: ° о Production (Manufacturing Costs): $4.25 per jersey Selling & Administration: $1.50 per jersey Fixed Costs: о о Production (Manufacturing Costs): $1,200,000 per year Selling & Administration: $2,500,000 per year Units Produced: 450,000 Units Sold: 390,000 Compute the net income under variable costing.

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 13P: Deuce Sporting Goods manufactures a high-end model tennis racket. The company’s forecasted income...

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Xu Ltd currently produces and sells two types of pillows that are currently gaining market share. The two types of pillows are Latex and Feather. Below are the costs and sales details of the two types of pillows for 2019:LatexFeatherAnnual sales (in pairs)12,0008,000Selling price£30£30Variable costs per pair:Materials£12£12Labour-machining (£8/hr)£2£2-assembly (£7/hr)£2.50£2.50-packing (£6/hr)£0.30£0.30Variable overheads£0.20£0.20Annual total fixed costs are currently £150,000.For 2020 financial year, Xu Ltd intends to keep Latex pillows as it is but plans to improve Feather by using high quality materials. As a result, the company has negotiated with another supplier and the new material cost for Feather pillows is expected to be £17 a pair, with the new selling price of £45 per pair.Also, Feather pillow's Labour cost for machining will increase to £4.Also in 2020, the company intends to launch a new pillow, the Memory foam, a top of the range pillow with a selling price of…
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What is the net income under variable costing on these general accounting question?
Xu Ltd currently produces and sells two types of pillows that are currently gaining marketshare. The two types of pillows are Latex and Feather. Below are the costs and salesdetails of the two types of pillows for 2019: Latex FeatherAnnual sales (in pairs) 12,000 8,000Selling price £30 £30Variable costs per pair:Materials £12 £12Labour-machining (£8/hr) £2 £2 -assembly (£7/hr) £2.50 £2.50 -packing (£6/hr) £0.30 £0.30Variable overheads £0.20 £0.20Annual total fixed costs are currently £150,000.For 2020 financial year, Xu Ltd intends to keep Latex pillows as it is but plans to improveFeather by using high quality materials. As a result, company has negotiated withanother supplier and the new material cost for Feather pillows is expected to be £17 apair, with the new selling price of £45 per pair.Also, Feather pillow’s Labour cost for machining will increase to £4.Also in 2020, the company intends to launch a new pillow, the Memory foam, a top ofthe range pillow with a selling price of…
please provide correct answer of this General accounting question
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Chapter 6, Part 2
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