The following variable production costs apply to goods made by BairdManufacturing Corporation:ItemMaterialsLaborVariable overheadTotalUnits ProducedCost per Unit$15.00Total variable costRequiredDetermine the total variable production cost, assuming that Bairdmakes 11,000, 21,000, or 31,000 units.5.500.75$21.2511,000Check my work21,00031,000

Variable cost is the cost that changes with change in the activity of cost driver used. The variable…

Answered: The following variable production costs…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Analyzing Income under Absorption and Variable Costing Variable manufacturing costs are $85 per unit, and fixed manufacturing costs are $106,400. Sales are estimated to be 5,600 units. If an amount is zero, enter "0". Round intermediate calculations to the nearest cent and your final answers to the nearest dollar. a. How much would absorption costing operating income differ between a plan to produce 5,600 units and a plan to produce 7,600 units?$fill in the blank 1 b. How much would variable costing operating income differ between the two production plans?$fill in the blank 2
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Question: Gangwer Corporation produces a single product and has the following cost structure: Number of units produced each year Variable costs per unit: Direct materials Direct Labor Variable Manufacturing overhead Variable selling and administrative expense Fixed Costs per year: Fixed manufacturing overhead Fixed Selling and administrative expense The absorption costing unit product cost is: A. $95 B. $119 6,000 $ 43 $ 13 $ 5 $ 1 $2,04,000 $ 1,38,000 C. $61 D. $56
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