Question
In: Accounting
Maher Corporation, which has only one product, has provided the following data concerning its most recent...
Maher Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 157 Units in beginning inventory 0 Units produced 3,710 Units sold 3,490 Units in ending inventory 220 Variable costs per unit: Direct materials $ 47 Direct labor $ 50 Variable manufacturing overhead $ 9 Variable selling and administrative expense $ 11 Fixed costs: Fixed manufacturing overhead $ 118,720 Fixed selling and administrative $ 10,470 Required: a. What is the unit product cost for the month under variable costing? b. What is the unit product cost for the month under absorption costing? c. Prepare a contribution format income statement for the month using variable costing. d. Prepare an income statement for the month using absorption costing. e. Reconcile the variable costing and absorption costing net operating incomes for the month.
Solutions
ekkarill92 answered 3 months agoRelated Solutions
Maher Corporation, which has only one product, has provided the following data concerning its most recent...
Maher Corporation, which has only one product, has provided the
following data concerning its most recent month of operations:
Selling price $ 186 Units in beginning inventory 0 Units
produced 3,690 Units sold 3,120 Units in ending inventory 570
Variable costs per unit: Direct materials $ 56 Direct labor $ 52
Variable manufacturing overhead $ 8 Variable selling and
administrative expense $ 18 Fixed costs: Fixed manufacturing
overhead $ 121,770 Fixed selling and administrative $ 9,360
Required:
a. What is...
Maher Corporation, which has only one product, has provided the following data concerning its most recent...
Maher Corporation, which has only one product, has provided the
following data concerning its most recent month of operations:
Selling price
$
173
Units in beginning inventory
0
Units produced
3,510
Units sold
3,240
Units in ending inventory
270
Variable costs per unit:
Direct materials
$
47
Direct labor
$
56
Variable manufacturing overhead
$
12
Variable selling and administrative expense
$
14
Fixed costs:
Fixed manufacturing overhead
$
108,810
Fixed selling and administrative
$
9,720
Required:
a. What is...
Maher Corporation, which has only one product, has provided the following data concerning its most recent...
Maher Corporation, which has only one product, has provided the
following data concerning its most recent month of operations:
Selling price
$
187
Units in beginning inventory
0
Units produced
3,660
Units sold
3,100
Units in ending inventory
560
Variable costs per unit:
Direct materials
$
50
Direct labor
$
55
Variable manufacturing overhead
$
17
Variable selling and administrative expense
$
19
Fixed costs:
Fixed manufacturing overhead
$
124,440
Fixed selling and administrative
$
9,300
Required:
a. What is...
Maher Corporation, which has only one product, has provided the following data concerning its most recent...
Maher Corporation, which has only one product, has provided the
following data concerning its most recent month of operations:
Selling price
$
185
Units in beginning inventory
0
Units produced
3,690
Units sold
3,000
Units in ending inventory
690
Variable costs per unit:
Direct materials
$
46
Direct labor
$
50
Variable manufacturing overhead
$
9
Variable selling and administrative expense
$
20
Fixed costs:
Fixed manufacturing overhead
$
129,150
Fixed selling and administrative
$
9,000
Required:
a. What is...
Maher Corporation, which has only one product, has provided the following data concerning its most recent...
Maher Corporation, which has only one product, has provided the
following data concerning its most recent month of operations:
Selling
price
$
198
Units in
beginning inventory
0
Units
produced
3,230
Units sold
3,060
Units in ending
inventory
170
Variable costs
per unit:
Direct
materials
$
55
Direct
labor
$
55
Variable
manufacturing overhead
$
14
Variable selling
and administrative expense
$
13
Fixed
costs:
Fixed
manufacturing overhead
$
109,820
Fixed selling
and administrative
$
12,240
Required:
a. What is...
Maher Corporation, which has only one product, has provided the following data concerning its most recent...
Maher Corporation, which has only one product, has provided the
following data concerning its most recent month of operations:
Selling price
$
167
Units in beginning inventory
0
Units produced
3,410
Units sold
3,180
Units in ending inventory
230
Variable costs per unit:
Direct materials
$
48
Direct labor
$
55
Variable manufacturing overhead
$
13
Variable selling and administrative expense
$
12
Fixed costs:
Fixed manufacturing overhead
$
102,300
Fixed selling and administrative
$
12,720
Required:
a. What is...
Maher Corporation, which has only one product, has provided the following data concerning its most recent...
Maher Corporation, which has only one product, has provided the
following data concerning its most recent month of operations:
Selling
price
$
178
Units in
beginning inventory
0
Units
produced
3,110
Units sold
2,940
Units in ending
inventory
170
Variable costs
per unit:
Direct
materials
$
47
Direct
labor
$
50
Variable
manufacturing overhead
$
11
Variable selling
and administrative expense
$
21
Fixed
costs:
Fixed
manufacturing overhead
$
99,520
Fixed selling
and administrative
$
8,820
c. Prepare a contribution...
Maher Corporation, which has only one product, has provided the following data concerning its most recent...
Maher Corporation, which has only one product, has provided the
following data concerning its most recent month of operations:
Selling price
$
195
Units in beginning inventory
0
Units produced
3,160
Units sold
2,870
Units in ending inventory
290
Variable costs per unit:
Direct materials
$
55
Direct labor
$
55
Variable manufacturing overhead
$
7
Variable selling and administrative expense
$
13
Fixed costs:
Fixed manufacturing overhead
$
113,760
Fixed selling and administrative
$
8,610
Required:
a. What is...
Maher Corporation, which has only one product, has provided the following data concerning its most recent...
Maher Corporation, which has only one product, has provided the
following data concerning its most recent month of operations:
Selling
price
$
198
Units in
beginning inventory
0
Units
produced
3,230
Units sold
3,060
Units in ending
inventory
170
Variable costs
per unit:
Direct
materials
$
55
Direct
labor
$
55
Variable
manufacturing overhead
$
14
Variable selling
and administrative expense
$
13
Fixed
costs:
Fixed
manufacturing overhead
$
109,820
Fixed selling
and administrative
$
12,240
Required:
a. What is...
Nelter Corporation, which has only one product, has provided the following data concerning its most recent...
Nelter Corporation, which has only one product, has provided the
following data concerning its most recent month of operations:
Selling price
$
120
Units in beginning inventory
320
Units produced
6,540
Units sold
6,260
Units in ending inventory
600
Variable costs per unit:
Direct materials
$
41
Direct labor
$
23
Variable manufacturing overhead
$
2
Variable selling and administrative expense
$
12
Fixed costs:
Fixed manufacturing overhead
$
156,960
Fixed selling and administrative expense
$
93,900
The company produces...
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