Homework Answers
| Gross Margin calculation as per absorption costing | ||
| Sr. No. | Particulars | $ |
| A | Selling Price | 153 |
| B | Direct Manufacturing Cost: | |
| Direct Materials | 49 | |
| Direct Labour | 16 | |
| Variable manufacturing overhead | 16 | |
| 81 | ||
| C | Fixed Manufacturing Overhead per unit (97020/2940) | 33 |
| D | Gross Margin per unit (A-B-C) | 39 |
| E | Units Sold | 2900 |
| F | Gross Margin | 113100 |
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connect Assignments: Spring 2020 - Prin of Managerial Acct.. auburn instructure.com A manufacturing company that produces...
A manufacturing company that produces a single product has provided the following data concerning its most...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operation 2,640 2,250 selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $92,400 $13, see The total gross margin for the month under absorption costings: Muito Choice Oo $15.750 oo
A manufacturing company that produces a single product has provided the following data concerning its most...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: $ 110 2,400 2,100 300 Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense A $ $ 41 15 A A $ A $64,800 $ 8,400 The total gross...
A manufacturing company that produces a single product has provided the following data concerning its most...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: 4,350 4,250 100 $ 48 Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense 50 $ $ 13 11 $91,350 $42,500 What is the variable costing unit product cost for the...
A manufacturing company that produces a single product has provided the following data concerning its most...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: $ 170 15,400 13,700 1,700 Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $446,600 $ 178, 100 What is the total period cost for the month under variable...
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A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Units in beginning inventory 0 Units produced 2,900 Units sold 2,600 Units in ending inventory 300 Variable costs per unit: Direct materials $ 49 Direct labor $ 58 Variable manufacturing overhead $ 6 Variable selling and administrative expense $ 11 Fixed costs: Fixed manufacturing overhead $ 55,100 Fixed selling and administrative expense $ 18,200 What is the absorption costing unit...
A manufacturing company that produces a single product has provided the following data concerning its most...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $ 131 Units in beginning inventory 0 Units produced 3,320 Units sold 2,890 Units in ending inventory 430 Variable costs per unit: Direct materials $ 45 Direct labor $ 15 Variable manufacturing overhead $ 7 Variable selling and administrative expense $ 19 Fixed costs: Fixed manufacturing overhead $ 92,960 Fixed selling and administrative expense $ 28,900 The total...
Farris Corporation, which has only one product, has provided the following data concering its most recent...
Farris Corporation, which has only one product, has provided the following data concering its most recent month of operations Selling price 168 Units in beginning inventory Units produced Units sold Units in ending inventory 8,990 8.500 $ 17 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $133,500 $ 8,709 What is the net operating income for the month under absorption costing
A manufacturing company that produces a single product has provided the following data concerning its most...
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A manufacturing company that produces a single product has provided the following data concerning its most...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: $ 177 14,400 13,500 950 Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense 50 11 6 $504,000 $243,000 What is the total period cost for the month under...
A manufacturing company that produces a single product has provided the following data concerning its most...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: selling price $88, units in beginning of inventory 0, units produced 5,200, units sold 4,900, units in ending inventory 300, variable costs per unit: direct materials $12, direct labor $23, variable manufacturing overhead $2, variable selling and administrative expense $5, fixed cost: fixed manufacturing overhead $161,200, fixed selling and administrative expense $63,700. The total contribution margin for the month under...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operation 2,640 2,250 selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $92,400 $13, see The total gross margin for the month under absorption costings: Muito Choice Oo $15.750 oo
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: $ 110 2,400 2,100 300 Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense A $ $ 41 15 A A $ A $64,800 $ 8,400 The total gross...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: 4,350 4,250 100 $ 48 Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense 50 $ $ 13 11 $91,350 $42,500 What is the variable costing unit product cost for the...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: $ 170 15,400 13,700 1,700 Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $446,600 $ 178, 100 What is the total period cost for the month under variable...
Farris Corporation, which has only one product, has provided the following data concering its most recent month of operations Selling price 168 Units in beginning inventory Units produced Units sold Units in ending inventory 8,990 8.500 $ 17 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $133,500 $ 8,709 What is the net operating income for the month under absorption costing
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: $ 133 7,000 6,800 200 Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $ 57 $ 5 $133,000 $ 34,000 What is the total period cost for the...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: $ 177 14,400 13,500 950 Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense 50 11 6 $504,000 $243,000 What is the total period cost for the month under...
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