Describe whether the Absorption costing incomes from operations differ between plans to produce 10,000 units and plan to produce 15,000 units.

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Answer 1

Question

Chapter 7, Problem 4BE

(a)

To determine

Describe whether the Absorption costing incomes from operations differ between plans to produce 10,000 units and plan to produce 15,000 units.

(b)

To determine

Variable costing incomes from operations differ between plans to produce 10,000 units and plan to produce 15,000 units.

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Blue Sky Company reports the following costing data on its product for its first year of operations. During this first year, the company produced 42,000 units and sold 34,000 units at a price of $130 per unit. Production costs: Direct materials per unit Direct lavor per unit Variable overhead per unit Fixed overhead for the year $ 54 $ 20 $6 $ 4,62,000 Selling and administrative cost: Variable selling and administrative cost per unit Fixed selling and administrative cost per year Assume that this company uses variable costing. $ 9 $ 1,10,000 a. Determine its unit product cost (Omit the '$' sign in your response.) b. Prepare its income statement for the year under variable costing. (Input all amounts as positive values except net loss which should be indicated with a minus sign. Omit the '$' sign in your response.)

Answer 2

Question

Chapter 7, Problem 4BE

(a)

To determine

Describe whether the Absorption costing incomes from operations differ between plans to produce 10,000 units and plan to produce 15,000 units.

(b)

To determine

Variable costing incomes from operations differ between plans to produce 10,000 units and plan to produce 15,000 units.

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Answer 3

Question

Chapter 7, Problem 4BE

(a)

To determine

Describe whether the Absorption costing incomes from operations differ between plans to produce 10,000 units and plan to produce 15,000 units.

(b)

To determine

Variable costing incomes from operations differ between plans to produce 10,000 units and plan to produce 15,000 units.

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Answer 4

Question

Chapter 7, Problem 4BE

(a)

To determine

Describe whether the Absorption costing incomes from operations differ between plans to produce 10,000 units and plan to produce 15,000 units.

(b)

To determine

Variable costing incomes from operations differ between plans to produce 10,000 units and plan to produce 15,000 units.

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Answer 5

Chapter 7, Problem 4BE

(a)

To determine

Describe whether the Absorption costing incomes from operations differ between plans to produce 10,000 units and plan to produce 15,000 units.

(b)

To determine

Variable costing incomes from operations differ between plans to produce 10,000 units and plan to produce 15,000 units.

Answer 6

Chapter 7, Problem 4BE

(a)

To determine

Describe whether the Absorption costing incomes from operations differ between plans to produce 10,000 units and plan to produce 15,000 units.

Answer 7

Chapter 7, Problem 4BE

(a)

To determine

Describe whether the Absorption costing incomes from operations differ between plans to produce 10,000 units and plan to produce 15,000 units.

Answer 8

(b)

To determine

Variable costing incomes from operations differ between plans to produce 10,000 units and plan to produce 15,000 units.

Answer 9

(b)

To determine

Variable costing incomes from operations differ between plans to produce 10,000 units and plan to produce 15,000 units.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 7 - What types of costs are customarily included in...Ch. 7 - Which type of manufacturing cost (direct...Ch. 7 - Which of the following costs would be included in...Ch. 7 - In the variable costing income statement, how are...Ch. 7 - Prob. 5DQ Ch. 7 - Prob. 6DQ Ch. 7 - Discuss how financial data prepared on the basis...Ch. 7 - Prob. 8DQ Ch. 7 - Explain why rewarding sales personnel on the basis...Ch. 7 - Explain why service companies use different...

Describe whether the Absorption costing incomes from operations differ between plans to produce 10,000 units and plan to produce 15,000 units.

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Describe whether the Absorption costing incomes from operations differ between plans to produce 10,000 units and plan to produce 15,000 units.

Variable costing incomes from operations differ between plans to produce 10,000 units and plan to produce 15,000 units.

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