Reference no: EM133087970
Questions -
Q1. Reca Corporation manufactures a single product and has the following cost structure:
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Variable Cost/Unit
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Fixed Costs
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Production
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$5
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Production
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$32,000
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Selling and Administrative
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3
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Selling and Administrative
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16,000
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During the year, 8,000 units were produced, and 7,800 units were sold.
a. How much is the carrying value of ending inventory under variable costing?
b. Under absorption costing, how much is the cost of goods sold?
Q2. Jana Company., which has only one product, provided the following data for June: Sales @ $74 per unit - $636,400
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Variable Costs Per Unit
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Fixed Costs
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Direct Materials - $12
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Factory Overhead - $176,000
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Direct Labor - 32
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Selling and Administrative - 8,600
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Factory Overhead - 2
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Selling and Administrative - 6
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There are 200 Units of inventory remaining at the end of June.
a. How much are the unit product cost under variable and absorption costing approach?
b. How much is the contribution margin for the month under the variable costing approach?
c. How much is the gross margin for the month under the absorption costing approach?
d. How much is the period cost for the month under the variable costing approach?
e. How much is the period cost for the month under the absorption costing approach?
Q3. Jomarie Corporation is a medium-sized manufacturer of lamps. During the year a new line called "Convertible" was made available to Jomarie Corporation customers. The break-even point for sales of Convertible is $200,000 with a contribution margin of 40%. Assuming that the profit for the Convertible line during the year amounted to $100,000, how much is the total sales during the year?
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How much is the depreciation on the first year
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Show the discontinued operations section of flores statement
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What is sunnripe break-even point next year in sales dollars
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Should they cut the price
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How much is the total sales during the year
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