can you please solve this The following data relates to 20X8.Actual salesBudgeted output and sales for theyearStandard selling price1,000 units @ $650each900 units$700 per unitBudgeted contribution per unit$245Budgeted profit per unit$205Required:Calculate the sales volume variance (under absorption andmarginal costing) and the sales price variance.

Step 1: Definition of VariancesAn absorption costing approach includes collecting and distributing…

Answered: The following data relates to 20X8.…

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter10: Forecasting Financial Statement

Section: Chapter Questions

Problem 12PC

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for the year using absorption costing and variable costing. Calculate the total product cost per unit produced under absorption costing and under variable costing. \table[[,\table[[Absorption], [costing]],\table[[Variable], [costing]]], [Total product cost per unit, 125, 95]] Calculate the operating income for the year using absorption costing. Absorption costing \table [[Net Sales Revenue], [55,100]] Cost of Goods Sold Gross Profit Fixed Selling and Administrative Expenses Operating Income Calculate the operating income for the year using variable costing. \table[[Variable costing], [Net Sales Revenue], [Variable Cost], [Contribution Margin], [Fixed Manufacturing Costs], [Fixed Selling and Administrative Expenses], [Operating Income]]
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Determine the missing amounts in the following table: unit sales price unit varible costs unit contribution margin contribution margin ratio (%) $22 10 10 24 50 25
Complete the table below for contribution margin per unit, total contribution margin, and contribution margin ratio:(Round your answers to two decimal places when needed and use rounded answers for all future calculations).
Complete the table below for contribution margin per unit, total contribution margin, and contribution margin ratio: E (Click the icon to view the table.) Compute the missing information, starting with scenario A, then for scenarios B and C. (Enter the contribution margin ratio to nearest percent, X%.) A Number of units 1,510 units Sale price per unit $ 1,600 Variable costs per unit 1, 120 Calculate: Contribution margin per unit Total contribution margin Contribution margin ratio Data Table A Number of units 1,510 units 14,390 units 2,450 units Sale price per unit 1,600 $ 4.400 5,000 Variable costs per unit 1,120 880 3,750 Calculate: Contribution margin per unit Total contribution margin Contribution margin ratio Print Done Enter any number in the edit fields and then click Check Answer. parts remaining Clear All Final Check
Complete the table below for contribution margin per unit, total contribution margin, and contribution margin ratio: LOADING... (Click the icon to view the table.) Compute the missing information, starting with scenario A, then for scenarios B and C. (Enter the contribution margin ratio to nearest percent, X%.) A Number of units 2,833 units Sale price per unit $200 Variable costs per unit 80 Calculate: Contribution margin per unit Total contribution margin Contribution margin ratio % Data Table A B C Number of units 2,833 units 3,100 units 5,600 units Sale price per unit $200 $3,000 $125 Variable costs per unit 80 1,500 100 Calculate: Contribution margin per unit Total contribution margin Contribution margin ratio
Using the variable cost method of applying the cost-plus approach to product pricing, determine the selling price for 31,100 units using the following data: variable cost per unit, $22; total fixed costs, $217,700; and desired profit, $279,900. Do not round intermediate calculations. Round your answer to the nearest whole dollar.
I need this answer general Accounting
Lillibridge & Friends, Incorporated provides you with the following data for its single product: Sales price per unit Fixed costs (per quarter): Selling, general, and administrative (SG&A) Manufacturing overhead Variable costs (per unit): Direct labor Direct materials Manufacturing overhead SG&A Number of units produced per quarter a. Prime cost per unit b. Contribution margin per unit c. Gross margin per unit d. Conversion cost per unit e. Variable cost per unit Required: Compute the amounts for each of the following assuming that the production levels are within the relevant range if the number of units is 500,000 per quarter. Also calculate if the number of units increases to 600,000 per quarter. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. f. Full absorption cost per unit g. Variable production cost per unit h. Full cost per unit $ 140 1,500,000 4,500,000 $ 17 20 18 14 500,000 units 500,000 units 600,000 units 37.00 $ $ 37.00 55.00 $ 55.00
1. prepare an estimated income statement for 20Y7.
In the spreadsheet below, there is data on the price, cost, demand, and quantity produced for an item. There are also different "what if" values that can help a manager to calculate costs and revenue with variability in demand. A B C 1 Profit Model 2 What- 3 Data IfDemand Values 4 20,000 5 Unit Price ($) 50 40,000 9 Unit Cost ($) 25 55,000 7 Fixed Cost ($) 550,000 60,000 8 Demand 60,000 65,000 9 Quantity Produced 55,000 10 From the "what if" values, calculate the total cost when demand is 40,000. A. $2,000,000 B. $75,000 C. $1,100,000 D. $1,925,000
The actual variable cost of goods sold for a product was $140 per unit, while the planned variable cost of goods sold was $136 per unit. The volume increased by 2,400 units to 14,000 actual total units. a. Determine the variable cost quantity factor. $ b. Determine the unit cost factor for variable cost of goods sold.

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