with this question, I guessed
but i don't know where it comes from
Homework Answers
Answer :
Question no- 1
Inventoriable cost assigned to each unit produced in 2012
= Variable manufacturing cost
| 900 |
Note - 1
inventory cost will not include marketing cost and under variable costing it will also not include Fixed manufacturing cost.
So Invntory cost consist only Variable manufacturing cost ......ie $ 900 per unit.
Question no - 2
Under variable costing Net income in 2012
| 460000 |
Net income
| Sales 700 unit * $ 3000 | $ 2100000 |
| Less - Variable cost | |
| Manufacturing cost 700 unit* $ 900 | $( 630000) |
| Marketing cost 700 * $ 600 | $ (420000) |
| Contribution | $ 1050000 |
| Less - Fixed cost | |
| Manufacturing cost | $ 450000 |
| Marketing cost | $ 140000 |
| Net Income | $ 460000 |
Question no - 3
Using Absorption costing cost of Each unit produced in 2012
| 1350 |
Cost per unit under absorption costing
= Variable manufacturing cost per unit + Fixed manufacturing cost per unit
= $ 900 + $ 450000/1000
= $ 1350
Question no - 4
Using Absorption costing Operating Income in 2012
| 595000 |
Operating Income
| Sales 700 unit * $ 3000 | $ 2100000 |
| Less - Cost of goods sold 700 unit* $ 1350 | $ (945000) |
| Gross Margin | $ 1155000 |
| Less - Marketing cost | |
| Variable marketing cost 700 * $ 600 | $ ( 420000) |
| Fixed marketing cost | $ ( 140000) |
| Operating Income | $ 595000 |
Cost per unit under absorption costing
= Variable manufacturing cost per unit + Fixed manufacturing cost per unit
= $ 900 + $ 450000/1000
= $ 1350
Question no - 5
Using variable costing value of Ending Inventory in 2013
| 270000 |
value of Ending Inventory in 2013
= Ending inventory unit * Variable manufacturing cost
= 300 unit * $ 900
= $ 270000
Ending inventory = Opening inventory + Production - Sales
= ( 1000 - 700) + 800 -800
= 300 unit
Add Answer to:
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but i don't know where it comes from
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