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Question - Ivanhoe Company sells its product for $12100 per unit. Variable costs per unit are: manufacturing, $5000; and selling and administrative, $135. Fixed costs are: $37400 manufacturing overhead, and $47400 selling and administrative. There was no beginning inventory at 1/1/20. Production was 34 units per year in 2020-2022. Sales were 34 units in 2020, 30 units in 2021, and 38 units in 2022. Compute the income under variable costing for 2021?
What will be the net book value of the machine at the end of its eighth year of use before it is disposed of, under each depreciation method?
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Assuming no other use for its facilities, what is the highest price per unit that Spahr Company should be willing to pay for the part?
Vargas enterprises,What is the firm's total cost based upon the EOQ calculated in part a? How many units of safety stock should Vargas hold?
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