Solution-Determine the variable cost of goods sold per unit

Determine the variable cost of goods sold per unit

Assignment Help Accounting Basics

Reference no: EM132840581

A company has the following information.

Units produced 9,000

Units sold 7,500

Direct materials $49,000

Direct labor $52,000

Fixed manufacturing overhead $105,000

Variable manufacturing overhead 100% of direct labor

Total selling expenses $40,000

Fixed administrative expenses $52,500

Variable administrative expense $6 per unit sold

Problem 1: Determine the variable cost of goods sold per unit under variable costing.

Group of answer choices

Option 1: $20.40

Option 2: $28.67

Option 3: $17.00

Option 4: $23.00

Reference no: EM132840581

Questions Cloud

What is the total amount of prepaid insurance : The company pays for insurance for the next three months at the beginning of November. If this is the case, what is the total amount of prepaid insurance

Determine the total cost of each trip : Determine the total cost of each trip. Perez Airlines is a small airline that occasionally carries overload shipments for the overnight delivery company.

Business requirements document : Business requirements document (BRD) that provides additional details regarding the expectations that must be met for achieving goals of the project.

What is the maximum amount of the capital gains reserve : The sales price is $180535, with $40,000 of this amount being paid immediately, What is the maximum amount of the capital gains reserve

Determine the variable cost of goods sold per unit : Determine the variable cost of goods sold per unit under variable costing. Variable manufacturing overhead 100% of direct labor.

What is the payback period for the project : The repair equipment will cost $95,000 and Jane expects the after-tax cash flows to be $26,200 a year. What is the payback period for the project

Mechanics of hypothesis testing process : What is the goal of testing this hypothesis? What would be the mechanics of this hypothesis testing process?

What is the best definition of cash-basis reporting : What are 3 methods to add receipts to QBO using the receipt Capture feature? What is the best definition of cash-basis reporting?

How much the company report for cost of goods manufactured : If beginning finished goods inventory was $2,000 and cost of goods sold was $8,000, how much would the company report for cost of goods manufactured

User Account

All Pages

Determine the variable cost of goods sold per unit

Reference no: EM132840581

Reference no: EM132840581

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT