The following costs have been estimated based on sales of 30,000 units:   Total Annual Costs   Percent That Is Variable Direct materials $ 300,000   100 % Direct labor   250,000   100 % Manufacturing overhead   250,000   50 % Selling and administrative   150,000   25 %What selling price (rounded to two decimal places) will yield a contribution margin of 40%?     $43.75     $59.38     $39.58     $33.25

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Q: Quest manufacturing incurs the following costs per unit: labor $100/unit, materials $50/unit, and…

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Q: Tidewater Company uses the product cost concept of applying the cost-plus approach to product…

A: Note: “Since you have posted a question with multiple sub-parts, we will solve the first three…

Q: Using the information below, what is the cost per unit under both variable and absorption costing?…

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Q: Grover Company has the following data for the production and sale of 2,000 units. Sales price per…

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Q: Given the following information, determine the markup per unit. Direct materials $76,000 Direct…

A: Markup per unit should cover both the desired profits and indirect costs incurred.

Q: The following cost have been estimated based on sales of 30,000 units Direct materias P300,000…

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Q: Blane Company has the following data: Total sales $800,000 Total variable costs $300,000 Fixed costs…

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Q: A recent income statement of Marvell Corporation reported the following data:   Sales revenue…

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Q: Grover Company has the following data for the production and sale of 1,900 units. Sales price per…

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Q: Kubin Company's relevant range of production is 16,000 to 24,500 units. When it produces and sells…

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Q: If fixed costs are $1,476,000, the unit selling price is $237, and the unit variable costs are $101,…

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Q: sales in units (rounded to a whole number) required to realize a target profit of $200,000?

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Q: The following variable production costs apply to goods made by Raeburn Manufacturing Corporation:…

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Q: Nakatomi Corporation produces 10,000 units of Product A at a cost of $20 per unit. A detailed…

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Q: edregon Corporation has provided the following information:     Cost per Unit Cost per Period…

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Q: Bluegill Company sells 15,500 units at $220 per unit. Fixed costs are $170,500, and operating income…

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Q: A company makes a single product. The following is the cost structure: £ Selling price per…

A:

Q: Consider the following production and cost data for two products, Big and Little:…

A: Lets understand the basics. This question deals with the theory of constrain.  Theory of constrain…

Q: If fixed costs are $1,239,000, the unit selling price is $236, and the unit variable costs are $106,…

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Q: Aqua​ Primavera, Inc. has provided the following information for the​ year:   Units produced 6,000…

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Q: The following costs related to Lillian Company: Variable Costs per unit:    Direct materials…

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Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance. 

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.