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Windsor Motors is a division of Windsor Products Corporation. The division manufactures and sells an electric switch used in a wide variety of applications. During the coming year, it expects to sell 180,000 units for $7.00 per unit. Patricia Johnson is the division manager. She is considering producing either 180,000 or 250,000 units during the period. Other information is as follows: Beginning inventory Expected sales in units Selling price per unit Variable manufacturing cost per unit Fixed manufacturing cost (total) Fixed manufacturing overhead costs per unit Division Information for 2022 Based on 180,000 units Based on 250,000 units Manufacturing cost per unit Based on 180,000 units Based on 250,000 units Variable selling and administrative expenses Fixed selling and administrative expenses (total) Units produced Units sold 0 180,000 $7.00 $2.60 $450,000 $2.50 per unit ($ 450,000+ 180,000) $1.80 per unit ($ 450,000+250,000) Prepare a variable-costing income statement, with one column showing the results if 180,000 units are produced and one column showing the results if 250,000 units are produced. $5.10 per unit ($ 2.60 variable+$2.50 fixed) $4.40 per unit ($ 2.60 variable + $1.80 fixed) $0.40 per unit $11.800 WINDSORMOTORS DIVISION Income Statement For the Year Ended 2022 Variable Costing 250,000 180,000 3

Windsor Motors is a division of Windsor Products Corporation. The division manufactures and sells an electric switch used in a wide variety of applications. During the coming year, it expects to sell 180,000 units for $7.00 per unit. Patricia Johnson is the division manager. She is considering producing either 180,000 or 250,000 units during the period. Other information is as follows: Beginning inventory Expected sales in units Selling price per unit Variable manufacturing cost per unit Fixed manufacturing cost (total) Fixed manufacturing overhead costs per unit Division Information for 2022 Based on 180,000 units Based on 250,000 units Manufacturing cost per unit Based on 180,000 units Based on 250,000 units Variable selling and administrative expenses Fixed selling and administrative expenses (total) Units produced Units sold 0 180,000 $7.00 $2.60 $450,000 $2.50 per unit ($ 450,000+ 180,000) $1.80 per unit ($ 450,000+250,000) Prepare a variable-costing income statement, with one column showing the results if 180,000 units are produced and one column showing the results if 250,000 units are produced. $5.10 per unit ($ 2.60 variable+$2.50 fixed) $4.40 per unit ($ 2.60 variable + $1.80 fixed) $0.40 per unit $11.800 WINDSORMOTORS DIVISION Income Statement For the Year Ended 2022 Variable Costing 250,000 180,000 3

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Units produced Units sold ✔ Fixed selling and administrative expenses Fixed manufacturing overhead Net income. Total variable costs Variable costs Sales Variable cost of goods sold Variable costs of goods available for sale Variable selling and administrative expenses Contribution margin Fixed costs *** Units produced Units sold Add Less Units produced Units sold For the Year Ended zUZZ Variable Costing 250,000 For the Year Ended 2022 Variable Costing Sales Contribution margin Fixed costs Variable selling and administrative expenses Variable cost of goods sold Fixed manufacturing overhead Variable costs Net Income Fixed selling and administrative expenses Total variable costs Variable costs of goods available for sale 250,000 For the Year Ended 2022 Variable Costing 250,000 180,000 180,000 180,000
Transcribed Image Text:Units produced Units sold ✔ Fixed selling and administrative expenses Fixed manufacturing overhead Net income. Total variable costs Variable costs Sales Variable cost of goods sold Variable costs of goods available for sale Variable selling and administrative expenses Contribution margin Fixed costs *** Units produced Units sold Add Less Units produced Units sold For the Year Ended zUZZ Variable Costing 250,000 For the Year Ended 2022 Variable Costing Sales Contribution margin Fixed costs Variable selling and administrative expenses Variable cost of goods sold Fixed manufacturing overhead Variable costs Net Income Fixed selling and administrative expenses Total variable costs Variable costs of goods available for sale 250,000 For the Year Ended 2022 Variable Costing 250,000 180,000 180,000 180,000
Windsor Motors is a division of Windsor Products Corporation. The division manufactures and sells an electric switch used in a wide variety of applications. During the coming year, it expects to sell 180,000 units for $7.00 per unit. Patricia Johnson is the division manager. She is considering producing either 180,000 or 250,000 units during the period. Other information is as follows: Beginning inventory Expected sales in units Selling price per unit Variable manufacturing cost per unit Fixed manufacturing cost (total) Fixed manufacturing overhead costs per unit Based on 180,000 units Based on 250,000 units Manufacturing cost per unit Based on 180,000 units Based on 250,000 units Variable selling and administrative expenses Fixed selling and administrative expenses (total) Division Information for 2022 Units produced Units sold 0 180,000 $7.00 $2.60 $450,000 $2.50 per unit ($ 450,000+ 180,000) $1.80 per unit ($ 450,000+250,000) Prepare a variable-costing income statement, with one column showing the results if 180,000 units are produced and one column showing the results if 250,000 units are produced. $5.10 per unit ($ 2.60 variable+$2.50 fixed) $4.40 per unit ($ 2.60 variable + $1.80 fixed) $0.40 per unit $11.800 WINDSORMOTORS DIVISION Income Statement For the Year Ended 2022 Variable Costing 250,000 180,000
Transcribed Image Text:Windsor Motors is a division of Windsor Products Corporation. The division manufactures and sells an electric switch used in a wide variety of applications. During the coming year, it expects to sell 180,000 units for $7.00 per unit. Patricia Johnson is the division manager. She is considering producing either 180,000 or 250,000 units during the period. Other information is as follows: Beginning inventory Expected sales in units Selling price per unit Variable manufacturing cost per unit Fixed manufacturing cost (total) Fixed manufacturing overhead costs per unit Based on 180,000 units Based on 250,000 units Manufacturing cost per unit Based on 180,000 units Based on 250,000 units Variable selling and administrative expenses Fixed selling and administrative expenses (total) Division Information for 2022 Units produced Units sold 0 180,000 $7.00 $2.60 $450,000 $2.50 per unit ($ 450,000+ 180,000) $1.80 per unit ($ 450,000+250,000) Prepare a variable-costing income statement, with one column showing the results if 180,000 units are produced and one column showing the results if 250,000 units are produced. $5.10 per unit ($ 2.60 variable+$2.50 fixed) $4.40 per unit ($ 2.60 variable + $1.80 fixed) $0.40 per unit $11.800 WINDSORMOTORS DIVISION Income Statement For the Year Ended 2022 Variable Costing 250,000 180,000
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