Please do not give solution in image format thanku The manager of the manufacturing division of Bumble Bee Inc. does not understand why incomewent down when sales went up. Some of the information he has selected for evaluation includes:MarchUnits producedUnits sold100,00080,000April70,00085,000May110,00090,000In addition, the selling price was $28; variable production costs were $10; variable selling expenseswere $4; fixed overhead costs were $1,000,000 each month; fixed selling expenses are $60,000 eachmonth.BBI expected to produce 80,000 units each month. Beginning inventory for March was 5,000 units.REQUIRED:1. Prepare a variable cost income statement for each month.2. Prepare an absorption cost income statement for each month.3. Reconcile the income statements for each of the three months.

Following are Important points for Perparing Contribution format income statement, 1Total Sales…

Answered: The manager of the manufacturing…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter3: Cost Behavior

Section: Chapter Questions

Problem 34P: Kimball Company has developed the following cost formulas:...

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Spock Company incurs the following costs to produce and sell a single product. Variable costs per unit: Direct materials. $9 $10 Direct labor.. Variable manufacturing overhead.. Variable selling and administrative expenses.. Fixed costs per year: Fixed manufacturing overhead... Fixed selling and administrative expenses. $5 $3 $150,000 $40,000 Is the company using absorption costing or variable costing to cost units in the Finished Goods inventory account? Show computations to support your answer.
Product BW of Blair Designs generates sales revenue of $40,000. The product incurs variable costs of goods sold of $22,000, fixed selling costs of $22,000, and fixed factory overhead of $21,000. Determine if Product BW should be continued or discontinued. Assume that the company will incur the fixed factory overhead regardless of the decision. Support your conclusion with numbers. The fixed selling cost is avoidable.
Hi attached is a problem I am having trouble with. Differenacting income statements from variable costing vs absorption costing. Thank you!
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Abdulwahab Corporation is estimating the cost function for total cost of production of product A using the high-low method. The data collected for the past year is as following: Number of units Total Quarter produced Costs 1 4,000 $ 1,000 2 5,400 1,280 3 7,000 1,600 4 9,000 2,000 Calculate the following amounts: The variable cost per unit The fixed cost Explain the method used by the company to estimate the cost function. Suggest other methods than may be used to estimate cost function.
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:by internal users. Mohammed is probably going to work as A Human resource manager .a O A Management accountant A Marketing specialist .b O .c O None of the given answers .d O A Financial accountant .e O Company XYZ made total sales revenue of $350.000. The variable manufacturing costs were $105,000 while the fixed manufacturing costs were $20,000. The variable selling and administrative expenses were $48,000 while the fixed selling and administrative expenses were $10,000. How much ?($) was the total contribution margin 245,000 .a O 197,000 b O 292,000 .c O None of the given answers .d O 225,000 .e O الصفحة التالية 1 COURSE OUTLINE_SPRING2021 QUZ
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I have no idea how to answer the two questions involved in this problem: The following total cost data are for Ralston Manufacturing Company, which has a normal capacity per period of 400,000 units of product that sell for $18 each. For the foreseeable future, regular sales volume should continue at normal capacity of production. Direct Materials $1,720,000 Direct Labor 1,120,000 Variable overhead 560,000 Fixed overhead (Note 1) 880,000 Selling expenses (Note 2) 720,000 Administrative expense (fixed) 200,000 5,200,000 Notes: 1. Beyond normal capacity, fixed overhead cost increases $30,000 for each 20,000 units or fraction thereof until a max capacity of 640,000 units is reached. 2. Selling expenses are a 10% sales commission. Ralston pays only one-half of the regular sales commission rates on any sale of 20,000 or more units. Ralston's sales manager has received a special order for 48,000 units from a large discount chain a special price of $16 each, FOB…
Not Too Much Water, LLC, a manufacturer of orchid pots, incurs only fixed and variable costs in its operations. When 15,000 orchid pots are produced, the company’s managerial accountant noted a fixed cost per pot of $7.50 and a variable cost per pot of $8.35. If production is expected to increase, which of the following statements is TRUE? Select one: a. The fixed cost per pot will not change; the variable cost per pot will decrease. b. Total fixed costs will decrease; the variable cost per pot will not change. c. The fixed cost per pot will decrease; the variable cost per pot will increase. d. Total fixed costs will remain unchanged; total variable costs will increase. e. More than one of the above statements is true.
Your answer is partially correct. Novak Co. sells product P-14 at a price of $48 a unit. The per-unit cost data are direct materials $15, direct labour $12, and overhead $16 (75% variable). Novak has no excess capacity to accept a special order for 38,200 units, at a discount of 25% from the regular price. Selling costs associated with this order would be $3 per unit. Indicate the net income (loss) that Novak would realize by accepting the special order. (Enter loss with a negative sign preceding the number, e.g.-15,000 or parenthesis, e.g. (15,000).) Incremental income (loss) Novak Co. should not accept eTextbook and Media Save for Later $ -382000 the special order. Attempts: 2 of 3 used Submit Answer
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