Please don't give image based answer..thanku 23 Sales Projections in Units#JanuaryFebruaryMarchAprilMay567890 Projected Sales Price/Unit$1112 Monthly Projected Selling & Administrative Expenses13141516177 18 9 20 21 2 23 24 25 25 27 28 29 20 31 2 33 4 5 36 37 38 39192220 MaterialsVariable Cost/UnitFixed Costs32Production:34Desired Ending InventoryBeginning3526 Direct LaborInventory (new business)Desired Ending InventoryNumber of Materials per UnitProjected Cost/Material UnitBeginning Inventory (new business)30 Manufacturing OverheadVariable Cost/UnitFixed CostsTime per Unit (in hours)per HourCost21,94528,61542,94854,52634,817$$12.00$ 2,662.00206.00$$52.6%081.0%07.05.001.00$ 16.005.003,909 3481011129 Purchased141516Units to be producedMaterial/Unit17Total Production NeedDesired Ending InventoryTotal Materials NeededBeginning InventoryTotal Materials Needed to beCost per Unit of MaterialTotal Material CostMATERIALS REQUIREMENTS BUDGETMaterial/unitCost per Unit of MaterialCost of Material per ProductJanuaryFebruaryMarchApril

Budgeting is an approach of predicting future outcomes based on previous experiences. Budgets for…

Answered: Sales Projections in Units January…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter12: Differential Analysis And Product Pricing

Section: Chapter Questions

Problem 12.16E: Product cost concept of product pricing Based on the data presented in Exercise 12-15, assume that...

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Sales Projections in Units January February March 18 10 Projected Sales Price/Unit $ 12 Monthly Projected Selling & Administrative Expenses 13 $ 12.00 14 $ 2,662.00 16 Production: 17 23 April May 20 Materials 21 22 Variable Cost/Unit Fixed Costs 3 24 25 26 Direct Labor 27 5 Desired Ending Inventory Beginning Inventory (new business) 12 28 29 30 Manufacturing Overhead 31 Variable Cost/Unit Fixed Costs 13 Desired Ending Inventory Number of Materials per Unit Projected Cost/Material Unit Beginning Inventory (new business) Show Transcribed Text Time per Unit (in hours) Cost per Hour Number of Units Produced Direct Labor Hours/Unit Total Direct Labor Hours Needed Cost/Direct Labor Hour Total Direct Labor Cost $ Direct Labor Hours/Unit Cost/Direct Labor Hour Cost of Direct Labor per Product $ 21,945 28,615 42,948 54,526 34,817 J 206.00 52.6% 0 81.0% 0 7.0 5.00 1.00 16.00 $ 5.00 $ 3,909 C с DIRECT LABOR BUDGET January February D March
Sales per unit P15.00Variable production cost 8.00Annual fixed production cost 35,000.00Variable selling expense (unit) 3.00Annual fixed selling expense 15,000.00Produced 12,500 units during the periodNo inventory at January 1 (beg.)Sold 10,000 units 21. The ending inventory under direct costing isa. P25,000 b. P27,500 c. P20,000 d. P32,500 22. Ending inventory under absorption costing isa. P32,500 b. P20,000 c. P25,000 d. P27,000
Question Content Area The level of inventory of a manufactured product has increased by 7,538 units during a period. The following data are also available: Variable Fixed Unit manufacturing costs of the period $12.00 $6.00 Unit operating expenses of the period 2.00 3.00 The effect on operating income if variable costing is used rather than absorption costing would be a(n) a.$45,228 decrease b.$67,842 increase c.$67,842 decrease d.$45,228 increase
Enabled: Midterm 2 i C Cost The following information pertains to one item of inventory of the Simon Company. Saved Per unit $ 200 170 190 10 30 Replacement cost Selling price Disposal costs Normal profit margin Using the lower of cost or market method, this item should be valued at:
If the net sales 159 150 ID , beginning -1 finished goods inventory 16 500 ID „Cost of goods manufactured 121 050 ID, ending finished goods inventory *.(. .) 9000 ID , the gross profit are 60 600 90 600 30 600 If the prime cost 70 700 ID ,- 2 manufacturing overhead 12 000 ID, beginning work inproces inventory 4 000 ID ,ending work inproces inventory 6 000 ID ,the cost of goods .(. .) manufactured are 80 700 ID. O 100 700 ID. 60 700 ID.
Problem 12 Compute the Cost of Goods Sold for 2020 of Pillows Company considering the followinginformation:  Raw materials purchased was P2,500,000 with freight-in of P120,000 Purchase returns was P50,000 and purchase discount is 60% of purchase returns Raw materials beginning was P460,000 Raw materials end was P40,000 more than the beginning inventory Direct labor is P1,000,000 Factory overhead is 50% of direct labor Total goods placed in process is 150% of manufacturing cost WIP, end is 75% of WIP, beg Finished goods beginning balance is lesser by P100,000 than the ending balance whichwas P600,000
A7 fe After analyzing expenses, the company has determined the following cost A B D E F 3 Budgeted information for Quarter 1 of Year 3: 4 Sales in units 17,000 5 Sales price per unit 48.00 6 7 After analyzing expenses, the company has determined the following cost patterns. Cost of goods sold 9 Sales commissions 8 29.00 per unit 9.50% per dollar of sales 10 11 Administrative salaries $ 45,000.00 per quarter 12 Rent expense 27,000.00 per quarter 13 Depreciation expense 2$ 36,000.00 per quarter 14 15 Management has concluded that shipping expense is a mixed cost. Units shipped and the related shipping cost over the last eight quarters are: 16 17 Year 1 Total Shipping Cost Units 18 Quarter 1 $ 67,000.00 12,500 19 Quarter2 $ 94,000.00 21,000 20 Quarter 3 89,800.00 13,800 21 Quarter 4 92,600.00 20,000 22 Year 2 23 Quarter 1 $ 72,500.00 13,700 24 Quarter2 80.000.00 14.000 > %24 %24
A EXAMPLE 20.18 The following information relating to the third and last quarter of 2019-20 is furnished by a compan which manufactures and sells a single product: Third Quarter Last Quarter (Actual) 76,24,000 (Estimate) 76,60,000 Sales Inventory of raw material and finished goods: Орening Balance Closing Balance Closing Balance Raw material A (kg) Raw materialB (kg) Finished goods (units) 25,000 23,500 25,000 15,000 12,650 13,400 670 700 1,000 Unit cost data: Raw material A: 10 kg @ 33 = 730 5 kg @ 2 = 10 %3D Raw material B: %3D Direct labour (Machine time 5 hrs @ 4): Machine shop = 20 Assembly 2 hrs. @ 75 (labour time) = 710 Production overheads: %3D Machine shop @ 12 per machine hr. Assembly @10 per labour hr. Selling and Administration O.H. : 20% of production cost Profit margin : 10% on selling price Production and sales occur evenly during the budget period. You are required to prepare for the las quarter of the year. (a) Production budget (in units) (b) Purchase budget (quantity…
Selling price Units in beginning inventory Units produced Units sold Units in ending inventory $ 126 0 2,630 2,500 130 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 The total gross margin for the month under absorption costing is: $ 49 $ 17 $ 8 $ 9 $ 84,160 $ 17,500
Sales Beginning merchandise inventory Purchases Ending merchandise inventory Fixed selling expense Fixed administrative expense Variable selling expense Variable administrative expense Contribution margin Net operating income Required: 1. Prepare a contribution format income statement. 2. Prepare a traditional format income statement. 3. Calculate the selling price per unit. 4. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit. $ 450,000 $ 30,000 $ 300,000 $ 15,000 ? $ 18,000 $ 22,500 ? $ 90,000 $ 27,000 6. Which income statement format (traditional format or contribution format) would be more useful to managers in estimati operating income will change in response to changes in unit sales? Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 to 5 Req 6 3. Calculate the selling price per unit. 4. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit. 3. Selling price per unit 4. Variable cost…
Refer to Cornerstone Exercise 18.3. Required: 1. Calculate the cost of each unit using variable costing. 2. How many units remain in ending inventory? What is the cost of ending inventory using variable costing? 3. Prepare a variable-costing income statement for Pattison Products, Inc., for the month of October. 4. What if November production was 40,000 units, costs were stable, and sales were 41,000 units? What is the cost of ending inventory? What is operating income for November?
Product cost concept of product pricing Based on the data presented in Exercise 12-15, assume that Willis Products Inc. uses the product cost concept of applying the cost-plus approach to product pricing. a.Determine the total manufacturing costs and the cost amount per unit for the production and sale of 200,000 units. b.Determine the product cost markup percentage per unit. Round to two decimal place. c.Determine the selling price per unit. Round to the nearest dollar.

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