Concept explainers
Use the following information for Short Exercises S21A-20 and S21A-21.
Matthew Company had the following costs:
Units produced 310 units
Direct materials $76 per unit
Direct labor 33 per unit
Variable manufacturing
Fixed manufacturing overhead 6,200 per year
Variable selling and administrative costs 20 per unit
Fixed selling and administrative costs 3,100 per year
S21A-20 Computing unit product cost, absorption costing
Calculate the unit product cost using absorption costing. Round your answer to the nearest cent.
S21A-21 Computing unit product cost, variable costing
Calculate the unit product cost using variable costing. Round your answer to the nearest cent.
Want to see the full answer?
Check out a sample textbook solutionChapter 21 Solutions
Horngren's Accounting, The Financial Chapters (11th Edition) - Standalone Book
- What is the balance of current liabilities on balance sheet?arrow_forwardNewhard Company assigns overhead costs to jobs on the basis of 125% of direct labor costs. The job cost sheet for Job 415 includes $24,500 in direct materials cost and $12,800 in direct labor cost. A total of 2,000 units were produced in Job 415. Required: a. What is the total manufacturing cost assigned to Job 415? b. What is the unit product cost for Job 415? Need answerarrow_forwardCompute the predetermined overhead rate for each activity base on these general accounting questionarrow_forward
- {Accounting-Operating cash flow} A 5-year project is expected to generate revenues of $100000, variable costs of $24000, and fixed costs of $16500. The annual depreciation is $12000 and the tax rate is 35 percent. What is the annual operating cash flow?arrow_forwardPioneer Corporation issued $150,000 face value of bonds... Please answer the financial accounting questionarrow_forwardWhich of the following statements is true ???arrow_forward
- Newhard Company assigns overhead costs to jobs on the basis of 125% of direct labor costs. The job cost sheet for Job 415 includes $24,500 in direct materials cost and $12,800 in direct labor cost. A total of 2,000 units were produced in Job 415. Required: a. What is the total manufacturing cost assigned to Job 415? b. What is the unit product cost for Job 415?arrow_forwardNeed answerarrow_forwardWhat is the second year's depreciation expense on these financial accounting question?arrow_forward
- Managerial AccountingAccountingISBN:9781337912020Author:Carl Warren, Ph.d. Cma William B. TaylerPublisher:South-Western College PubFinancial And Managerial AccountingAccountingISBN:9781337902663Author:WARREN, Carl S.Publisher:Cengage Learning,Principles of Accounting Volume 2AccountingISBN:9781947172609Author:OpenStaxPublisher:OpenStax College
- Principles of Cost AccountingAccountingISBN:9781305087408Author:Edward J. Vanderbeck, Maria R. MitchellPublisher:Cengage LearningCornerstones of Cost Management (Cornerstones Ser...AccountingISBN:9781305970663Author:Don R. Hansen, Maryanne M. MowenPublisher:Cengage LearningManagerial Accounting: The Cornerstone of Busines...AccountingISBN:9781337115773Author:Maryanne M. Mowen, Don R. Hansen, Dan L. HeitgerPublisher:Cengage Learning