Whitehall Company sells a single product for $25. It had no beginning inventories. Operating data follow. Sales, 27,000 units Normal capacity Production costs: Variable per unit Fixed production Selling and administrative expenses: Variable per unit sold $ 6,75,000 30,000 units $ 13 $ 1,50,000 Fixed selling Number of units produced $ 2 $ 20,000 32,500 units Assume the actual costs were as budgeted. a. Find contribution margin per unit. b. Compute the ending inventory under standard variable costing. c. Compute the income under standard variable costing.

Whitehall Company sells a single product for $25. It had no beginning inventories. Operating data follow. Sales, 27,000 units Normal capacity Production costs: Variable per unit Fixed production Selling and administrative expenses: Variable per unit sold $ 6,75,000 30,000 units $ 13 $ 1,50,000 Fixed selling Number of units produced $ 2 $ 20,000 32,500 units Assume the actual costs were as budgeted. a. Find contribution margin per unit. b. Compute the ending inventory under standard variable costing. c. Compute the income under standard variable costing.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 25E: Last year, Orsen Company produced 25,000 juicers and sold 26,500 juicers for 60 each. The actual...

See similar textbooks

Similar questions

Last year, Orsen Company produced 25,000 juicers and sold 26,500 juicers for 60 each. The actual variable unit cost is as follows: Fixed overhead was 320,000. Fixed selling expenses consisted of advertising copayments totaling 110,000. Fixed administrative expenses were 236,000. There were no beginning and ending work-in-process inventories. Beginning finished goods inventory was 148,000 for 4,000 juicers. The value of ending inventory reported on the financial statements was a. 55,500 b. 92,500 c. 66,500 d. 39,900
Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Refer to Exercise 2.21. Last calendar year, Ellerson recognized revenue of 1,312,000 and had selling and administrative expenses of 204,600. Required: 1. What is the cost of goods sold for last year? 2. Prepare an income statement for Ellerson for last year.
Subject = General Account
Wilson manufacturing has the following solve this accounting questions
Morwenna, Inc. reports the following information for August: Sales Revenue Variable Cost of Goods Sold Fixed Cost of Goods Sold Variable Selling and Administrative Costs Fixed Selling and Administrative Costs $900,000 150,000 60,000 100,000 60,000 Calculate the operating income for August using absorption costing. OA. $1,060,000 O B. $370,000 OC. $530,000 D. $250,000
Please need answer
Assume the following information for a product line: Sales $700,000 Variable cost of goods sold 185,000 Direct fixed overhead 115,000 Variable selling and administrative expenses 70,000 Direct fixed selling and admin. expenses 90,000 What is the segment margin of the product line? a. $200,000 b. $325,000 c. $350,000 d. $240,000
Sub is account. solve asap
I need this accounting question
● Required information [The following information applies to the questions displayed below.] Hudson Company reports the following contribution margin income statement. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales (10,600 units at $300 each) Variable costs (10,600 units at $240 each) Contribution margin Fixed costs Income $ 3,180,000 2,544,000 636,000 480,000 $ 156,000 1. Assume Hudson has a target income of $172,000. What amount of sales (in dollars) is needed to produce this target income? 2. If Hudson achieves its target income, what is its margin of safety (in percent)? Note: Round your answer to 1 decimal place. 1. Dollar sales for target income 2. Margin of safety
Company XYZ operates with a single product. The following simple income statement relates to last year when sales units totaled 27,000. Variable Costing Total Per Unit Sales $ 513,000.00 $ 19.00 Variable COGS $ 221,400.00 $ 8.20 Variable S&A $ 54,000.00 $ 2.00 $ 237,600.00 $ 8.80 Fixed Mfg Overhead $ 154,000.00 Fixed S&A Expense $ 42,000.00 Net Op Income $ 41,600.00 A. Company XYZ unit production for the year totaled 28,000 units. Prepare a GAAP Income statement for XYZ. Reconcile and differences between the Variable Costing and GAAP Net Operating Incomes.
ook int rint rences W ! Required information [The following information applies to the questions displayed below.] Hudson Company reports the following contribution margin income statement. Sales (9,900 units at $225 each) Variable costs (9,900 units at $180 each) Contribution margin Fixed costs Income HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 1. Amount of sales 2. Margin of safety $ 1,167,000 900 1. Assume Hudson has a target income of $165,000. What amount of sales (in dollars) is needed to produce this target income? 2. If Hudson achieves its target income, what is its margin of safety (in percent)? (Round your answer to 1 decimal place.) % Help DD Save & Exit Submit Check my work F10