Chapter 10, Problem 12DQ

What is the gross profit?

Archer Corp. planned and actually manufactured 250,000 units of its single product in 2015, its first year of operations. Variable manufacturing costs were $28 per unit of product. Planned and actual fixed manufacturing costs were $750,000, and marketing and administrative costs totaled $500,000 in 2015. Archer sold 150,000 units of product in 2015 at a selling price of $38 per unit. What is Archer's 2015 operating income using variable costing?

The tax savings from an expense item are $90,000 for a company that spends 30% of its income on taxes. How much does the item cost before tax? (a) $280,000 (b) $300,000 MCQ

Please give correct answer the financial accounting question

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What is the amount of gain or loss recorded on the sale of this equipment?? Accounting

Calculate the company's overhead rate based on total direct labour hours.

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ABC Industries produces a single product and has the following cost structure: Number of units produced each year: 5,500 Variable costs per unit: Direct materials: $38 Direct labor: $12 Variable manufacturing overhead: $6 Fixed costs per year: Fixed manufacturing overhead: $187,000 What is the absorption costing unit product cost?