Manufacturing statements and cost behavior tampa foundry

Reference no: EM13608310

Manufacturing statements and cost behavior Tampa Foundry began operations during the current year, manufacturing various products for industrial use. One such product is light-gauge aluminum, which the company sells for $36 per roll. Cost information for the year just ended follows. Per Unit Variable Cost Fixed Cost Direct materials $4.50 $ - Direct labor 6.5 - Factory overhead 9 50,000 Selling - 70,000 Administrative - 135,000 Production and sales totaled 20,000 rolls and 17,000 rolls, respectively There is no work in process. Tampa carries its finished goods inventory at the average unit cost of production.

Instructions:

a. Determine the cost of the finished goods inventory of light-gauge aluminum.

b. Prepare an income statement for the current year ended December 31

c. On the basis of the information presented:

1. Does it appear that the company pays commissions to its sales staff? Explain.

2. What is the likely effect on the $4.50 unit cost of direct materials if next year's production increases? Why?

Reference no: EM13608310

Questions Cloud

An electron moving through an electric field experiences an : an electron moving through an electric field experiences an acceleration of 7100 times 103 ms2. find the magnitude of

Find the mean and the standard deviation now change the : for the data in the following sample8 1 5 1 5a. find the mean and the standard deviation.b. now change the score of x 8

Schedule of cost of goods manufactured income statement the : schedule of cost of goods manufactured income statement the following information was taken from the ledger of

Compute the cost of goods sold associated with the sale of : the following are data regarding last years production of baby buddy one of the major products of toledo toy

Manufacturing statements and cost behavior tampa foundry : manufacturing statements and cost behavior tampa foundry began operations during the current year manufacturing various

A tennis player standing 126 m from the net hits the ball : a tennis player standing 12.6 m from the net hits the ball at 3.27deg above the horizontal. to clear the net the ball

On january 1 2010 valuation allowance for trading : on january 1 2010 valuation allowance for trading investments has a credit balance of 8700. on december 31 2010 the

What is the value of sigma y-bar in days carry answer out : suppose duration of human pregnancies are somewhat skewed with mean 263 days and standard deviation of 19 days.

Product costs and period costs the costs that follow were : product costs and period costs the costs that follow were extracted from the accounting records of several different

User Account

All Pages