What is inventoriable cost per unit using variable costing

Assignment Help Cost Accounting
Reference no: EM132715362

Atlanta Inc. produces and sells a decorative pillow for $98.00 per unit. In the first month of operation, 2300 units were produced and 1900 units were sold. Actual fixed costs are the same as the amount budgeted for the month. Other information for the month includes:

Var Manfcost $98
Var MKTG cost $8
Fixed cost $14
Admin cost $21/unit

DM:$0
WIP $0
Finished goods 300 units

Question 1) What is the inventoriable cost per unit using variable costing?
Question 2) What is cost of goods sold per unit using variable costing?
Question 3) What is the contribution margin using variable costing?
Question 4) What is the operating income using variable costing?

Reference no: EM132715362

Questions Cloud

What the overhead cost allocated to deluxe using a single : What The overhead cost allocated to Deluxe using a single overhead rate (based on number of parts) and using activity-based costing, respectively, are
Development of a successful financial plan : Identify the four elements necessary to the development of a successful financial plan for importing and exporting businesses.
Determine the factory overhead and direct labor cost : The estimated direct labor rate is $20 per direct labor hour. Determine the factory overhead and direct labor cost per unit for each product
Break-even level of operating income?-home? depot inc : Home? Depot, Inc.? (HD), had 1244 million shares of common stock outstanding in? 2016, whereas Lowes? Companies, Inc.? (LOW), had 929 million shares outstanding
What is inventoriable cost per unit using variable costing : Atlanta Inc., What is the inventoriable cost per unit using variable costing? What is cost of goods sold per unit using variable costing?
Rackspace-efficient method to design : You need to select the most efficient method to design, develop and deploy a new cloud application for your case study project.
Determine the selling price of the bonds : As the controller of the company, determine the selling price of the bonds. Splish Inc. manufactures cycling equipment. Recently, the vice president.
Define the five key financial assets : Briefly define each of the five key financial assets. Is every financial asset also a financial security?
What is the benefit of trying to keep a dying language alive : Why are some people so determined to keep a dying language alive? What is the benefit of trying to keep a dying language alive?

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd