Please do not give solution in image format thanku Units Produced:Sales:In unitsin dollarsCost DescriptionEquipment DepreciationAdvertisingFactory Worker Wages-ButterFactory Worker Wages-Half & HalfCFO SalaryFactory Supervisor SalaryCream-ButterCream Half & HallWhole Milk-Holf & HalfActivity UsedWages & SalariesButter400,000400,000$2,140,000Cost AmountButter$215,000$123,000$522,880$637,260$250,900$74,360$340,000$185,250$123,50032,000Half & Half325,000325,000$1,218,750Half & Holl39,000TotalCost Driver71,000 Direct Laber Hours SalesCOGSLand O'LakesTraditional Income StatementFor the year ended December 31, 2022Gross MarginSelling ExpenseAdministrative ExpenseNet Income

In the traditional income statement, we bifurcate the total cost base into specific categories and…

Units Produced Sales: In units In dollars Cost Description Equipment Depreciation Advertising Factory Worker Wages Butter Factory Worker Wages-Half & Half CFO Salary Factory Supervisor Salary Cream Butter Cream Half & Half Whole Milk-Holf & Holf Butter 400,000 400,000 $2,140,000 Cost Amount $215,000 $123,000 $522,880 $637,260 $250,900 $74,360 $340,000 $185,250 $123,500 Half & Half 325,000 325,000 $1,218,750 +

Units Produced Sales: In units In dollars Cost Description Equipment Depreciation Advertising Factory Worker Wages Butter Factory Worker Wages-Half & Half CFO Salary Factory Supervisor Salary Cream Butter Cream Half & Half Whole Milk-Holf & Holf Butter 400,000 400,000 $2,140,000 Cost Amount $215,000 $123,000 $522,880 $637,260 $250,900 $74,360 $340,000 $185,250 $123,500 Half & Half 325,000 325,000 $1,218,750 +

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter13: Lean Manufacturing And Activity Analysis

Section: Chapter Questions

Problem 18E

See similar textbooks

Related questions

Q: Sato Awards has had a request for a special order of 10 silver-plated trophies from the provincial…

A: Variable costs are those nature costs which changes with change in activity level. Fixed costs do…

Q: Solve this question all subparts correctly definitely we upvote you.

A: Calculate the bank’s capital ratio before the agreement as shown below: Hence, the bank’s capital…

Q: What necessitated the Aadhaar Paperless Offline e-kyc? What are the steps involved in conducting it?

A: The Unique Identification Authority of India provides a system to verify the identity of an…

Q: In addition, Bridgeport is involved in a lawsuit. Legal counsel feels it is probable Bridgeport will…

A: Introduction:- A balance sheet is a statement of assets, liability, and equity. It is prepared after…

Q: What is the cost of goods manufactured for the month of October? a. $350,500 b. $221,700 c. $345,200…

A: Predetermined Overhead Rate =Estimated Manufacturing OverheadEstimated Machine Hours…

Q: Define Reconciliation method

A: Bank reconciliation: Bank statement is prepared by bank. The company maintains its own records from…

Q: Please show solution in #4-8 will surely given an upvote, thank you

A: Journal Entries - Journal Entries are the primary transactions entered into by the company. It is…

Q: Anna Inc. sells two products as follows: Product A Product B Units sold 3,800 4,750 Selling price…

A: Break-Even Point: Your company has reached its break-even point when its entire expenses and total…

Q: Define and describe the use of following commands with proper syntax and examples: (8) a. PPMT &…

A: The PPMT and IPMT functions help us determine the amount of principal portion of period repayment of…

Q: im having trouble with vlookup in excel

A: Type Vlookup in the formula bar of excel sheet.

Q: FOB Destination

A: FOB Destination is a term used in trading of goods. It stands for Free On Board Destination.

Q: What is the result of inputting =IF(S>9,ok,error) into a cell? #NAME? ok 5. error

A: If function is used to validate a statement. And it gives an output according to the validation.

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: The Answer is " Each quote may result in many future orders"A quote is the last price at which an…

Q: Which of the following is NOT an output attribute?a. relevanceb. exception orientationc. zonesd.…

A: Output Attribute: Some specific attributes should be explained by the output views such as…

Q: I need this in text not images

A: Retained earnings: These are the accumulated earnings of the company. These earnings were…

Q: For each separate case, record an adjusting entry (if necessary). a. Barga Company purchases $20,000…

A: At year-end when the company finalizes its accounts then any unrecognized income or expenses for the…

Q: Part B Beatrix is interested in using a debit card. She is considering opening a bank account that…

A: Spending habits tell the avenues where the spending is being done. A detailed analysis of spending…

Q: Crane Company purchased equipment on account on September 3, 2022, at an invoice price of $203,000.…

A: Cost of equipment = Invoice Price + Delivery + Installation & Testing

Q: Please don't use chat gpt and other ai other wise I give multiplie downvote Which of the following…

A: The currently attainable standard represents the level of performance that can be achieved under…

Question

Please do not give solution in image format thanku

Units Produced:
Sales:
In units
in dollars
Cost Description
Equipment Depreciation
Advertising
Factory Worker Wages-Butter
Factory Worker Wages-Half & Half
CFO Salary
Factory Supervisor Salary
Cream-Butter
Cream Half & Hall
Whole Milk-Holf & Half
Activity Used
Wages & Salaries
Butter
400,000
400,000
$2,140,000
Cost Amount
Butter
$215,000
$123,000
$522,880
$637,260
$250,900
$74,360
$340,000
$185,250
$123,500
32,000
Half & Half
325,000
325,000
$1,218,750
Half & Holl
39,000
Total
Cost Driver
71,000 Direct Laber Hours

Sales
COGS
Land O'Lakes
Traditional Income Statement
For the year ended December 31, 2022
Gross Margin
Selling Expense
Administrative Expense
Net Income

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1: Background

VIEW

Step 2: Cost categorization

VIEW

Solution

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Owifix
Selling Price/Unit Units Produced Units Sold Fixed Manufacturing Direct Materials/Unit Direct Labor/Unit Variable OH/Unit Var S,G,A/Unit Fixed S,G, & A $100 200 150 $1500 $3 $4 $10 $30 $2000 Year 1 Absorption Costing Variable (Direct) Costing Account Calculation Total Amount Account Calculation Total amount Sales Revenue Sales Revenue COGS Variable Expenses Gross Margin Contribution Margin S, G, & A Fixed Expenses Operating Income Operating Income 1. The unit product cost under Absorption Costing is: 2. The unit product cost under Variable Costing is: 3. The Cost of Goods Sold under Absorption Cost is: 4. Total Variable Expenses are: 5. Gross Margin 6. Total Contribution Margin is : 7. Operating Income under Absorption Costing is: 8. Operating Income…
Sims Company...
Vd Subject: accounting
Determine the missing amounts. Unit SellingPrice Unit VariableCosts Unit ContributionMargin Contribution MarginRatio 1. $750 $375 $ (a) % (b) 2. $450 $ (c) $153 % (d) 3. $ (e) $ (f) $760 40 %
Data Inputs: Unit sales Selling price per unit Variable expense per unit Total fixed expenses Sales Variable expenses Contribution margin Fixed expenses Net operating income Net profit margin percentage CVP Graph Information Selling price per unit Variable expense per unit Total fixed expenses CVP Graph Table CVP Graph $ $ S Contribution Format Income Statement Per Unit $ 40,000 12.50 7.50 180,000 $ Total 500,000 $ 300,000 200,000 $ 180,000 20,000 4.00% $ $ S 180,000 12.50 7.50 Units 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 50,000 12.50 7.50 5.00 Donaldson Company % 100% 60% 40% Variable Expenses Fixed Expenses Total Expenses Sales dollars Margin of Safety Actual sales (a) Break-even sales (b) Margin of safety in dollars (a)-(b) Margin of safety percentage $ $ $ 500,000 450,000 50,000 10.00%
Sales Total manufacturing cost Administrative expenses Selling expenses Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending Compute the net income for the year. 820,000 456,000 80,000 41,000 50,000 150,000 20,000 40,000
Require a Income Statement
Sales Variable manufacturing and selling expenses Contribution margin Fixed expenses: Advertising, traceable Depreciation of special equipment Salaries of product-line managers Allocated common fixed expenses* Total fixed expenses Net operating income (loss) Required 1 Required 2 Required 3 Complete this question by entering your answers in the tabs below. Sales Variable manufacturing and selling expenses Contribution margin (loss) Total $ 922,000 459,000 463,000 Traceable fixed expenses: Advertising, traceable Depreciation of special equipment Salaries of the product line managers 69,900 43,600 114,300 184,400 412, 200 $ 50,800 *Allocated on the basis of sales dollars. Management is concerned about the continued losses shown by the racing bikes and wants a recommendation as to whether or no the line should be discontinued. The special equipment used to produce racing bikes has no resale value and does not wear out. Required: 1. What is the financial advantage (disadvantage) per…
Please help me with all I will give upvote
In the cost-volume- profit graph (above), what is represented by the point marked "A"? Question 1 options: Breakeven point Fixed expenses Operating income area Operating loss area
Direct fixed cost controllable by of the period just ended: Contribution margin Period expenses: Manager's salary Depreciation expense Allocated administrative costs25.000 Profit center #1 income Of the foregoing, in all likelihood, Mr. Iglesias controls P350.000 P100,000 40,000 165,000 P185.000 C. P100,000 A. P165.000 В. P185.000 D. P350,000 20. The following is a summarized income statement of CoolKid Co.'s profit cente No. 44 for March: Contribution margin P70,000 Period expenses: Manager's salary Facility depreciation Corporate expense allocation Profit center income P20.000 8.000 5,000 (33,000) P37.000 Which of the following amounts is most likely subject to the control of the p center's manager? А. P70.000 C. P37,000 D. P33,000 В. P50,000