uza Company sold 13,500 units of its product at a price of $73.00 per unit. consisting of $39.30 in variable production cost and $9.30 in variable selling and adm pute the manufacturing (production) margin for the company under variable costing.
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- Appendix Absorption costing income statement On June 30, the end of the first month of operations, Tudor Manufacturing Co. prepared the following income statement, based on the variable existing concept: Sales (420,000 units) 7,450,000 Variable cost of goods sold: Variable cost of goods manufactured (500,000 units x 14 per unit) 7,000,000 Less ending inventory (80,000 units x 14 per unit) 1,120,000 Variable cost of goods sold 5,880,000 Manufacturing margin 1,570,000 Variable selling and administrative expenses 80,000 Contribution margin 1,490,000 Fixed costs: Fixed manufacturing costs 160,000 Fixed selling and administrative expenses 75,000 235,000 Income from operations 1,255,000 a. Prepare an absorption costing income statement. b. Reconcile the variable costing income from operations of 1,255,000 with the absorption costing income from operations determined in (a).Question 4 Achimota Ltd produces a single product and has the following financial information: Selling Price Cost per unit: Direct Materials Direct Labour Variable Overheads GH¢ 50 15 14 4 Fixed manufacturing overheads are GH¢40,000 per month, production volume is 10,000 units per month and sales is 9,200 units. You are required to: a) Calculate the cost per unit under: i. Absorption costing ii. Marginal costing b) Prepare the income statement of ABC Ltd under: i. Absorption costing technique ii. Marginal costing technique c) Reconcile the profits obtained under (bi) and (bii) d) Explain the reasons for the difference in profits in (c) above.Question 1 Part A Asco Company has a relevant range of production between 15,000 and 30,000 units. The following cost data represents average variable costs per unit for 25,000 units of production. Average Cost per unit Direct materials $ 13 Direct labor 8 Fixed manufacturing overhead 6 Variable manufacturing overhead 3 Required: a) If 25,000 units are produced, what is the variable cost per unit? b) If 16,000 units are produced, what is the variable cost per unit? c) Comment briefly on your answers to (a) and (b). d) If 18,000 units are produced, what are the total variable costs? Part B GEM Ltd leases a photocopy…
- QUESTION 1 Dee and Co. Limited makes and sells a particular product. At the moment, the company uses absorption costing to measure profits and inventory values. The cost per unit of each item of the product is as follows: GHe Direct material (6 kilograms@GHé9per kilo) 54 Direct labour (5 hours@GHe8per hour) 40 Fixed production overhead 30 The fixed production overhead figure has been calculated on the basis of a budgeted normal volume of 32,000 units per annum. The fixed production overhead incurred amount to GH₵960,000 per annum. Costs relating to sales, distribution and administration are: Fixed GH₵ 420,000 per annum Variable 15% of the sales value. There were no units of finished goods inventory at…High-Low Method The manufacturing costs of Ackerman Industries for the first three months of the year follow Total Costs Units Produced $253,550 2,540 units January February 1,400 187,200 March 3,400 291,200 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar. a. Variable cost per unit b. Total fixed costHigh-low method The manufacturing costs of Schroeder Industries for the first three months of the year follow: Total Costs Units Produced 2,025 units 4,100 6,525 January $421,200 February 495,140 March 655,200 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. a. Variable cost per unit $ b. Total fixed cost $
- QS 19-15 (Algo) Computing contribution margin LO P2 D'Souza Company sold 6,000 units of its product for $88 per unit. Each unit had $51.60 in varlable cost of goods sold and $10.80 in variable selling and administrative expenses. Compute contribution margin. D'SOUZA COMPANY Contribution Margin Sales Variable expenses Variable cost of goods sold Variable selling and administrative expenses Contribution margin Units $ per unit TotalVariable manufacturing overhead Direct materials Direct labor Fixed manufacturing overhead Variable marketing and administrative $ 20 25 24 17 6 Vegas produced and sold 10,000 units. If the product sells for $100, what is the contribution margin?Question Doom Bhd manufactures and sells a single product. Cost data for the product are given below: Variable costs per unit: Direct materials RM 7 Direct labour RM 10 Variable manufacturing overhead RM 5 Variable selling and administrative overhead RM 3 Total variable cost per unit RM 25 Fixed costs per month: Fixed manufacturing overhead RM315,000 Fixed selling and administrative overhead RM245,000 RM560,000 The product sells for RM60 per unit. Production and sales data for July and August, that is, the first two months of operations, follow: Units produced Units sold July 17,500 15,000 August 17,500 20,000 The…
- High-Low Method The manufacturing costs of Ackerman Industries for the first three months of the year follow: Total Costs Units Produced January $219,590 2,710 units February 168,480 1,680 March 262,080 4,080 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar. a. Variable cost per unit $ b. Total fixed cost+ W ation Star City Manufacturing Company established the following standard price and cost data: Cost Sales price Standard Actual $18.00 per unit $17.64 per unit Variable manufacturing cost $9.00 per unit $8.63 per unit Fixed manufacturing cost $4,860.00 total $4,050.00 total Fixed selling and administrative $1,980.00 total $2,029.50 total cost Star City planned to produce and sell 2,700 units. Actual production and sales amounted to 3,850 units. Required a. Determine the flexible budget variances. b. Classify the variances as favorable (F) or unfavorable (U).High-Low Method The manufacturing costs of Kellam Industries for the first three months of the year follow: Total Costs Units Produced January $2,400,000 10,000 units February 2,950,000 42,000 March 3,200,000 50,000 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. a. Variable cost per unit b. Total fixed cost
