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Company ABC produces a single product. This year the company produced 20,000 units but only sold 15,000 units at the price of $40 each. Variable manufacturing costs (including direct materials, director labor, and variable manufacturing overhead) total $10 per unit. Variable selling and administrative cost is $5 per unit. Fixed manufacturing overhead cost is $100,000 each year. Fixed selling and administrative cost is $80,000 each year. There is no inventory at the beginning of this year.
Question 1. What is the net operating income this year using the absorption costing method? Please prepare the absorption costing income statement.
Question 2. What is the net operating income this year using the variable costing method? Please prepare the variable costing income statement.
Tan's designers have determined that adding a different type of material to the existing diect materials would result in no defective units being produced, but it would increase the variable costs by $4 per lamp in the Molding Department.
Form a package of bicycle and motorcycle helmets based on the sales mix expected for the coming year. Calculate the break-even point in units for bicycle helmet
What motivates the selection of moral values over other values - How does Rests model deal with such a question
1. the variable cost of producting one cookie is 0.75. fixed costs per week are 1000.a. sketch a graph of costs in the
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Find and Solve the cost of goods sold account. Assuming underapplied or overapplied overhead is transferred to cost of goods sold at the end of the period.
Determine how many miles Fred needs to drive to break even. (Round intermediate calculations to 2 decimal places.)
Why is usually that the accrual basis of accounting is ordinarily of the preference as compared to over cash basis?
Find the margin of safety in units. Find the margin of safety in sales dollars. Nellie Company has monthly fixed costs totaling $100,000 and variable costs
When bonds are issued at other than par value, a discount or premium is recorded. This discount or premium is amortized over the life of the bond. However, a callable bond may be retired before the maturity date, which leaves a loss or gain to be rec..
Given this information, how much was sales? The Design division of Yama Industries reported the following results for December 2011
What is the company's return on capital? (Use start-of-year rather than average capital.) (Do not round intermediate calculations.)
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