Submit an excel document which each tab labeled by item

Reference no: EM13394743

Paint More LLC has organized a new division to manufacture and sell specialty paint. The division's monthly costs are shown below:

Manufacturing costs:

Variable costs per unit:

Direct materials $12

Variable manufacturing overhead $1

Fixed manufacturing overhead costs (total) $100,000

Selling and administrative costs:

Variable 7% of sales

Fixed (total) $31,000

Because the production is highly automated, the company includes its labor costs in its fixed manufacturing overhead. The gallons of paint sell for $68 each. During September, the first month of operations, the following activity was recorded:

Units produced 5,000

Units sold 4,000

Submit an Excel document which each tab labeled by item number in good form that demonstrates the following:

1. Compute the unit product cost under:

1. Absorption costing

2. Variable costing

2. Prepare an absorption costing income statement for September

3. Prepare a contribution format income statement for September using variable costing

Reference no: EM13394743

Questions Cloud

Use the virtual organization link on the student website to : use the virtual organization link on the student website to access additional company information on kudler fine

What does this mean for us trade balance with japan what : what has happened to the value of the u.s. dollar relative to the japanese yen over the past six months? what fiscal

What is a distribution channel what is the relationship : 1.what is a distribution channel? what is the relationship between channels of distribution and logistics? how does

Explain the marketing objectives of your company that are : describe your company and its product in terms of its marketability.1.determine the key strengths and weaknesses of

Submit an excel document which each tab labeled by item : paint more llc has organized a new division to manufacture and sell specialty paint. the divisions monthly costs are

A bond that has a 1000 par value face value and the : a bond that has a 1000 par value face value and a contract or coupon interest rate of 10.7. the bonds have a current

Gdpunemploymentinflation cpi explain in detail about : explain in detail about gdpinflationunemployment and cpi with graphs respectly and the problems associated with

Enrons ethics code was based on respect integrity : enron code of ethics - this code of ethics will be used as the basis for the system of inquiry. develop a system of

Research the procedure of producing an expensive product : research the process of producing an expensive product assume that it is something that must cost at least 1000. after

User Account

All Pages