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Presentation/PPT
27/08/2022
1.
Number of units produced 16,900
Variable costs per unit:
Direct materials$157
Direct labor$79
Variable manufacturing overhead$12
Variable selling and administrative expenses$12
Fixed costs:
Fixed manufacturing overhead$929,500
Fixed selling and administrative expenses$371,800
The company had no beginning or ending inventories.
Required:
a. Compute the unit product cost under absorption costing?
b. Compute the unit product cost under variable costing?
2.Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
Selling price$102
Units in beginning inventory 0
Units produced 4,200
Units sold 3,570
Units in ending inventory 630
Variable costs per unit:
Direct materials$19
Direct labor$41
Variable manufacturing overhead$7
Variable selling and administrative expense$4
Fixed costs: Fixed manufacturing overhead$51,100
Fixed selling and administrative expense$3,100
The total contribution margin for the month under variable costing is:
A.110670 B.56470 C.59570 D.124950
3.A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
Selling price$176
Units in beginning inventory 0
Units produced 12,900
Units sold 12,500
Units in ending inventory 400
Variable costs per unit:
Direct materials$54
Direct labor$48
Variable manufacturing overhead$12
Variable selling and administrative expense$8
Fixed costs:
Fixed manufacturing overhead$412,800
Fixed selling and administrative expense$225,000
A.737800 B.325000 C.412800 D.637800
4.A company produces a single product. Variable production costs are $13.10 per unit and variable selling and administrative expenses are $4.10 per unit. Fixed manufacturing overhead totals $47,000 and fixed selling and administration expenses total $51,000. Assuming a beginning inventory of zero, production of 5,100 units and sales of 4,150 units, the dollar value of the ending inventory under variable costing would be:
Multiple Choice
A$8,550
B$16,340
C$12,445
D$20,995
show me the fomula and answer please.
The writer is very fast, professional and responded to the review request fast also. Thank you.
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