The fixed manufacturing cost per unit Given information: 2014, The fixed manufacturing costs are $45,000,000. The budgeted units of production are 3,000. The standard manufacturing cost per unit is $58,800. The budgeted fixed cost unit per month is $15,000.

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Answer 1

Question

Definition Definition System of assigning an estimated cost to the product (instead of the actual cost) so that the product cost can be determined well in advance and the pricing of the product can be done on time. Since the actual cost cannot be predicted at the initial stage of the production process, the estimated cost is recorded in the books. Any deviation of the estimated cost of the actual cost is adjusted in the books at the end of the period.

Chapter 9, Problem 9.41P

(1)(a)

To determine

The fixed manufacturing cost per unit

Given information:

2014,

The fixed manufacturing costs are $45,000,000.

The budgeted units of production are 3,000.

The standard manufacturing cost per unit is $58,800.

The budgeted fixed cost unit per month is $15,000.

(b)

To determine

the total manufacturing cost per unit.

2.

To determine

The monthly operating income for January, February, and March 2014 under absorption costing and the amount of bonus paid each month to F.

3.

To determine

The change in the bonus of each month by the use of variable costing.

4.

To determine

The difference in the bonus of H in requirements 2 and 3.

5.

To determine

To explain: The change in the bonus of H each month with the change of the throughput costing.

6.

To determine

To explain: The different approaches T could take to reduce possible undesirable behavior associated with the use of absorption costing.

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Problem No. 2 The trial balance of Cleint Lumanao Nacho Supplies on February 10, 2025, before accepting Shila Tajonera as partner is shown as follows: Account Title Debit Credit Ato Cash reening smuo P 100,000 Accounts Receivable 250,000 Allowance for Uncollectible Accounts P 20,000 o Merchandise Inventory Equipment Accumulated Depreciation Accounts Payable Notes Payable 120,000 275,000 55,000 50,000 82,000 538,000 Lumanao, Capital Total P 745,000 P 745,000 Tajonera offered to invest cash to get a capital credit equal to one-half of Lumanao's capital after giving effect to the adjustments below. Lumanao accepted the offer. Valuation of some of the assets and liabilities of Lumanao, as agreed by the partners, are the following: • The merchandise is to be valued at P93,000. The accounts receivable is estimated to be 90% collectible. • The equipment is to be valued at P200,000. The partners also agreed that the name of the partnership will be Nacho Business. Required: 1. In the books of…

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Answer 2

Question

Definition Definition System of assigning an estimated cost to the product (instead of the actual cost) so that the product cost can be determined well in advance and the pricing of the product can be done on time. Since the actual cost cannot be predicted at the initial stage of the production process, the estimated cost is recorded in the books. Any deviation of the estimated cost of the actual cost is adjusted in the books at the end of the period.

Chapter 9, Problem 9.41P

(1)(a)

To determine

The fixed manufacturing cost per unit

Given information:

2014,

The fixed manufacturing costs are $45,000,000.

The budgeted units of production are 3,000.

The standard manufacturing cost per unit is $58,800.

The budgeted fixed cost unit per month is $15,000.

(b)

To determine

the total manufacturing cost per unit.

2.

To determine

The monthly operating income for January, February, and March 2014 under absorption costing and the amount of bonus paid each month to F.

3.

To determine

The change in the bonus of each month by the use of variable costing.

4.

To determine

The difference in the bonus of H in requirements 2 and 3.

5.

To determine

To explain: The change in the bonus of H each month with the change of the throughput costing.

6.

To determine

To explain: The different approaches T could take to reduce possible undesirable behavior associated with the use of absorption costing.

Expert Solution & Answer

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Answer 3

Question

Definition Definition System of assigning an estimated cost to the product (instead of the actual cost) so that the product cost can be determined well in advance and the pricing of the product can be done on time. Since the actual cost cannot be predicted at the initial stage of the production process, the estimated cost is recorded in the books. Any deviation of the estimated cost of the actual cost is adjusted in the books at the end of the period.

Chapter 9, Problem 9.41P

(1)(a)

To determine

The fixed manufacturing cost per unit

Given information:

2014,

The fixed manufacturing costs are $45,000,000.

The budgeted units of production are 3,000.

The standard manufacturing cost per unit is $58,800.

The budgeted fixed cost unit per month is $15,000.

(b)

To determine

the total manufacturing cost per unit.

2.

To determine

The monthly operating income for January, February, and March 2014 under absorption costing and the amount of bonus paid each month to F.

3.

To determine

The change in the bonus of each month by the use of variable costing.

4.

To determine

The difference in the bonus of H in requirements 2 and 3.

5.

To determine

To explain: The change in the bonus of H each month with the change of the throughput costing.

6.

To determine

To explain: The different approaches T could take to reduce possible undesirable behavior associated with the use of absorption costing.

Expert Solution & Answer

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Answer 4

Question

Definition Definition System of assigning an estimated cost to the product (instead of the actual cost) so that the product cost can be determined well in advance and the pricing of the product can be done on time. Since the actual cost cannot be predicted at the initial stage of the production process, the estimated cost is recorded in the books. Any deviation of the estimated cost of the actual cost is adjusted in the books at the end of the period.

Chapter 9, Problem 9.41P

(1)(a)

To determine

The fixed manufacturing cost per unit

Given information:

2014,

The fixed manufacturing costs are $45,000,000.

The budgeted units of production are 3,000.

The standard manufacturing cost per unit is $58,800.

The budgeted fixed cost unit per month is $15,000.

(b)

To determine

the total manufacturing cost per unit.

2.

To determine

The monthly operating income for January, February, and March 2014 under absorption costing and the amount of bonus paid each month to F.

3.

To determine

The change in the bonus of each month by the use of variable costing.

4.

To determine

The difference in the bonus of H in requirements 2 and 3.

5.

To determine

To explain: The change in the bonus of H each month with the change of the throughput costing.

6.

To determine

To explain: The different approaches T could take to reduce possible undesirable behavior associated with the use of absorption costing.

Expert Solution & Answer

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Answer 5

Chapter 9, Problem 9.41P

(1)(a)

To determine

The fixed manufacturing cost per unit

Given information:

2014,

The fixed manufacturing costs are $45,000,000.

The budgeted units of production are 3,000.

The standard manufacturing cost per unit is $58,800.

The budgeted fixed cost unit per month is $15,000.

(b)

To determine

the total manufacturing cost per unit.

2.

To determine

The monthly operating income for January, February, and March 2014 under absorption costing and the amount of bonus paid each month to F.

3.

To determine

The change in the bonus of each month by the use of variable costing.

4.

To determine

The difference in the bonus of H in requirements 2 and 3.

5.

To determine

To explain: The change in the bonus of H each month with the change of the throughput costing.

6.

To determine

To explain: The different approaches T could take to reduce possible undesirable behavior associated with the use of absorption costing.

Answer 6

Chapter 9, Problem 9.41P

(1)(a)

To determine

The fixed manufacturing cost per unit

Given information:

2014,

The fixed manufacturing costs are $45,000,000.

The budgeted units of production are 3,000.

The standard manufacturing cost per unit is $58,800.

The budgeted fixed cost unit per month is $15,000.

Answer 7

Chapter 9, Problem 9.41P

(1)(a)

To determine

The fixed manufacturing cost per unit

Given information:

2014,

The fixed manufacturing costs are $45,000,000.

The budgeted units of production are 3,000.

The standard manufacturing cost per unit is $58,800.

The budgeted fixed cost unit per month is $15,000.

Answer 8

(b)

To determine

the total manufacturing cost per unit.

Answer 9

(b)

To determine

the total manufacturing cost per unit.

Answer 10

2.

To determine

The monthly operating income for January, February, and March 2014 under absorption costing and the amount of bonus paid each month to F.

Answer 11

2.

To determine

The monthly operating income for January, February, and March 2014 under absorption costing and the amount of bonus paid each month to F.

Answer 12

3.

To determine

The change in the bonus of each month by the use of variable costing.

Answer 13

3.

To determine

The change in the bonus of each month by the use of variable costing.

Answer 14

4.

To determine

The difference in the bonus of H in requirements 2 and 3.

Answer 15

4.

To determine

The difference in the bonus of H in requirements 2 and 3.

Answer 16

5.

To determine

To explain: The change in the bonus of H each month with the change of the throughput costing.

Answer 17

5.

To determine

To explain: The change in the bonus of H each month with the change of the throughput costing.

Answer 18

6.

To determine

To explain: The different approaches T could take to reduce possible undesirable behavior associated with the use of absorption costing.

Answer 19

6.

To determine

To explain: The different approaches T could take to reduce possible undesirable behavior associated with the use of absorption costing.

Answer 20

Expert Solution & Answer

Answer 21

Expert Solution & Answer

Answer 22

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Answer 23

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The fixed manufacturing cost per unit Given information: 2014, The fixed manufacturing costs are $45,000,000. The budgeted units of production are 3,000. The standard manufacturing cost per unit is $58,800. The budgeted fixed cost unit per month is $15,000.

The fixed manufacturing cost per unit Given information: 2014, The fixed manufacturing costs are $45,000,000. The budgeted units of production are 3,000. The standard manufacturing cost per unit is $58,800. The budgeted fixed cost unit per month is $15,000.

the total manufacturing cost per unit.

The monthly operating income for January, February, and March 2014 under absorption costing and the amount of bonus paid each month to F.

The change in the bonus of each month by the use of variable costing.

The difference in the bonus of H in requirements 2 and 3.

To explain: The change in the bonus of H each month with the change of the throughput costing.

To explain: The different approaches T could take to reduce possible undesirable behavior associated with the use of absorption costing.

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Chapter 9 Solutions

The fixed manufacturing cost per unit

Given information:

2014,

The fixed manufacturing costs are $45,000,000.

The budgeted units of production are 3,000.

The standard manufacturing cost per unit is $58,800.

The budgeted fixed cost unit per month is $15,000.