The Unit cost under Absorption and variable costing is different in the sense that the in Absorption costing all the manufacturing cost whether Variable and fixed are taken in to consideration, while under variable costing only variable manufacturing cost elements are considered. Thecost per game and Income Statement under absorption and variable costing need to be determined.

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Answer 1

Question

Chapter 21, Problem P21A.60APGA

To determine

The Unit cost under Absorption and variable costing is different in the sense that the in Absorption costing all the manufacturing cost whether Variable and fixed are taken in to consideration, while under variable costing only variable manufacturing cost elements are considered.

Thecost per game and Income Statement under absorption and variable costing need to be determined.

To determine

Requirement 1:

The Product cost per game under Absorption costing and variable costing

To determine

Requirement 2a:

To prepare: The monthly Income statement using absorption costing

To determine

Requirement 2a:

To prepare: The monthly Income statement using variable costing

To determine

Requirement 3:

To show: comparison of income calculation under both methods

To determine

Requirement 4:

The inventory balance at the end of October and November under absorption costing

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1. Stampede Company has two service departments — purchasing and maintenance, and two production departments — fabrication and assembly. The distribution of each service department's efforts to the other departments is shown below: FROM TO Purchasing Maintenance Fabrication Assembly Purchasing 0% 45% 45% 10% Maintenance 55% 0% 30% 15% The direct operating costs of the departments (including both variable and fixed costs) were as follows: Purchasing $ 138,000 Maintenance 60,000 Fabrication 114,000 Assembly 90,000 The total cost accumulated in the fabrication department using the direct method is: The answer is not 194100 2. Bifurcator Company produces three products — X, Y, and Z — from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Last year all three products were…

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Answer 2

Question

Chapter 21, Problem P21A.60APGA

To determine

The Unit cost under Absorption and variable costing is different in the sense that the in Absorption costing all the manufacturing cost whether Variable and fixed are taken in to consideration, while under variable costing only variable manufacturing cost elements are considered.

Thecost per game and Income Statement under absorption and variable costing need to be determined.

To determine

Requirement 1:

The Product cost per game under Absorption costing and variable costing

To determine

Requirement 2a:

To prepare: The monthly Income statement using absorption costing

To determine

Requirement 2a:

To prepare: The monthly Income statement using variable costing

To determine

Requirement 3:

To show: comparison of income calculation under both methods

To determine

Requirement 4:

The inventory balance at the end of October and November under absorption costing

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 21, Problem P21A.60APGA

To determine

The Unit cost under Absorption and variable costing is different in the sense that the in Absorption costing all the manufacturing cost whether Variable and fixed are taken in to consideration, while under variable costing only variable manufacturing cost elements are considered.

Thecost per game and Income Statement under absorption and variable costing need to be determined.

To determine

Requirement 1:

The Product cost per game under Absorption costing and variable costing

To determine

Requirement 2a:

To prepare: The monthly Income statement using absorption costing

To determine

Requirement 2a:

To prepare: The monthly Income statement using variable costing

To determine

Requirement 3:

To show: comparison of income calculation under both methods

To determine

Requirement 4:

The inventory balance at the end of October and November under absorption costing

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 21, Problem P21A.60APGA

To determine

The Unit cost under Absorption and variable costing is different in the sense that the in Absorption costing all the manufacturing cost whether Variable and fixed are taken in to consideration, while under variable costing only variable manufacturing cost elements are considered.

Thecost per game and Income Statement under absorption and variable costing need to be determined.

To determine

Requirement 1:

The Product cost per game under Absorption costing and variable costing

To determine

Requirement 2a:

To prepare: The monthly Income statement using absorption costing

To determine

Requirement 2a:

To prepare: The monthly Income statement using variable costing

To determine

Requirement 3:

To show: comparison of income calculation under both methods

To determine

Requirement 4:

The inventory balance at the end of October and November under absorption costing

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 21, Problem P21A.60APGA

To determine

The Unit cost under Absorption and variable costing is different in the sense that the in Absorption costing all the manufacturing cost whether Variable and fixed are taken in to consideration, while under variable costing only variable manufacturing cost elements are considered.

Thecost per game and Income Statement under absorption and variable costing need to be determined.

To determine

Requirement 1:

The Product cost per game under Absorption costing and variable costing

To determine

Requirement 2a:

To prepare: The monthly Income statement using absorption costing

To determine

Requirement 2a:

To prepare: The monthly Income statement using variable costing

To determine

Requirement 3:

To show: comparison of income calculation under both methods

To determine

Requirement 4:

The inventory balance at the end of October and November under absorption costing

Answer 6

Chapter 21, Problem P21A.60APGA

To determine

The Unit cost under Absorption and variable costing is different in the sense that the in Absorption costing all the manufacturing cost whether Variable and fixed are taken in to consideration, while under variable costing only variable manufacturing cost elements are considered.

Thecost per game and Income Statement under absorption and variable costing need to be determined.

Answer 7

Chapter 21, Problem P21A.60APGA

To determine

The Unit cost under Absorption and variable costing is different in the sense that the in Absorption costing all the manufacturing cost whether Variable and fixed are taken in to consideration, while under variable costing only variable manufacturing cost elements are considered.

Thecost per game and Income Statement under absorption and variable costing need to be determined.

Answer 8

To determine

Requirement 1:

The Product cost per game under Absorption costing and variable costing

Answer 9

To determine

Requirement 1:

The Product cost per game under Absorption costing and variable costing

Answer 10

To determine

Requirement 2a:

To prepare: The monthly Income statement using absorption costing

Answer 11

To determine

Requirement 2a:

To prepare: The monthly Income statement using absorption costing

Answer 12

To determine

Requirement 2a:

To prepare: The monthly Income statement using variable costing

Answer 13

To determine

Requirement 2a:

To prepare: The monthly Income statement using variable costing

Answer 14

To determine

Requirement 3:

To show: comparison of income calculation under both methods

Answer 15

To determine

Requirement 3:

To show: comparison of income calculation under both methods

Answer 16

To determine

Requirement 4:

The inventory balance at the end of October and November under absorption costing

Answer 17

To determine

Requirement 4:

The inventory balance at the end of October and November under absorption costing

Answer 18

Expert Solution & Answer

Answer 19

Expert Solution & Answer

Answer 20

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Answer 21

Ch. 21 - For Frank’s Funky Sounds, straight-line...Ch. 21 - Prob. 2QC Ch. 21 - Prob. 3QC Ch. 21 - Prob. 4QC Ch. 21 - Prob. 5QC Ch. 21 - On a CVP graph, the total cost line intersects the...Ch. 21 - If a company increases its sales price per unit...Ch. 21 - Prob. 8QC Ch. 21 - Prob. 9QC Ch. 21 - Prob. 10QC

Requirement 1: The Product cost per game under Absorption costing and variable costing

Requirement 2a: To prepare: The monthly Income statement using absorption costing

Requirement 2a: To prepare: The monthly Income statement using variable costing

Requirement 3: To show: comparison of income calculation under both methods

Requirement 4: The inventory balance at the end of October and November under absorption costing

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Chapter 21 Solutions

Requirement 1:

The Product cost per game under Absorption costing and variable costing

Requirement 2a:

To prepare: The monthly Income statement using absorption costing

Requirement 2a:

To prepare: The monthly Income statement using variable costing

Requirement 3:

To show: comparison of income calculation under both methods

Requirement 4:

The inventory balance at the end of October and November under absorption costing