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...

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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
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