The following data are available regarding an organization who makes a single product. Period 1 Production (units) 15,000 Sales 14,000 Opening Stock _ Closing Stock 1,000 The following cost structure applies ( based on a budgeted level of 17,000 units per period). Cost per unit $ Direct Material 3.00 Direct Labour 7.00 Production Overheads 3.00 13.00 Selling price is $16 per unit Administrative overheads are $15,000 per period and the budgeted production overheads are $51,000 per period of which $34,000 ((2)/(3)) are fixed. What is the Marginal Costing Profit/Loss? Question 15Select one: A. $83,000 B. $35,000 C. $ 21,000 D. $63,000
The following data are available regarding an organization who makes a single product. Period 1 Production (units) 15,000 Sales 14,000 Opening Stock _ Closing Stock 1,000 The following cost structure applies ( based on a budgeted level of 17,000 units per period). Cost per unit $ Direct Material 3.00 Direct Labour 7.00 Production Overheads 3.00 13.00 Selling price is $16 per unit Administrative overheads are $15,000 per period and the budgeted production overheads are $51,000 per period of which $34,000 ((2)/(3)) are fixed. What is the Marginal Costing Profit/Loss? Question 15Select one: A. $83,000 B. $35,000 C. $ 21,000 D. $63,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
A6 please help.......
![The following data are available regarding an organization who makes a single product. Period 1 Production
(units) 15,000 Sales 14,000 Opening Stock _ Closing Stock 1,000 The following cost structure applies (
based on a budgeted level of 17,000 units per period). Cost per unit $ Direct Material 3.00 Direct Labour
7.00 Production Overheads 3.00 13.00 Selling price is $16 per unit Administrative overheads are $15,000 per
period and the budgeted production overheads are $51,000 per period of which $34,000 ((2)/(3)) are
fixed. What is the Marginal Costing Profit/Loss? Question 15Select one: A. $83,000 B. $35,000 C. $
21,000 D. $63,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd1cb7b51-b978-4e8a-baca-4cc6c3eecd57%2F5fa2a9da-aaad-4e91-ac55-d0b6f9367f68%2F9nq6kcr_processed.png&w=3840&q=75)
Transcribed Image Text:The following data are available regarding an organization who makes a single product. Period 1 Production
(units) 15,000 Sales 14,000 Opening Stock _ Closing Stock 1,000 The following cost structure applies (
based on a budgeted level of 17,000 units per period). Cost per unit $ Direct Material 3.00 Direct Labour
7.00 Production Overheads 3.00 13.00 Selling price is $16 per unit Administrative overheads are $15,000 per
period and the budgeted production overheads are $51,000 per period of which $34,000 ((2)/(3)) are
fixed. What is the Marginal Costing Profit/Loss? Question 15Select one: A. $83,000 B. $35,000 C. $
21,000 D. $63,000
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education