Question
In: Accounting
A manufacturing comany that produces a single product has provided the following data concerning its most...
A manufacturing comany that produces a single product has provided the following data concerning its most recent month of operations
| Production Volume | 6000 Units | 7000 Units |
| Direct Material | 194,400 | 226,800 |
| Direct Labor | 74,400 | 86,800 |
| Manufacturing Overhead | 758,400 | 779,800 |
| Selling Price | 120 | |
| Units in beginning inventory | 0 | |
| units produced | 7100 | |
| units sold | 6800 | |
| units in ending inventory | 300 | |
| variable labor cost per unit | ||
| direct materials | 42 | |
| direct labor | 33 | |
| variable manufacturing overhead | 5 | |
| variable selling and administrative | 11 | |
| fixed cost | ||
| fixed manufacturing overhead | 127800 | |
| fixed selling and administrative | 68000 |
the total gross for the month under absorption costing is?
Solutions
ekkarill92 answered 1 year agoRelated Solutions
A manufacturing company that produces a single product has provided the following data concerning its most...
A manufacturing company that produces a single product has
provided the following data concerning its most recent month of
operations:
Selling
price
$
126
Units in
beginning inventory
0
Units
produced
2,630
Units sold
2,500
Units in ending
inventory
130
Variable costs
per unit:
Direct
materials
$
49
Direct
labor
$
17
Variable
manufacturing overhead
$
8
Variable selling
and administrative expense
$
9
Fixed
costs:
Fixed
manufacturing overhead
$
84,160
Fixed selling
and administrative expense
$
17,500
The total...
A manufacturing company that produces a single product has provided the following data concerning its most...
A manufacturing company that produces a single product has
provided the following data concerning its most recent month of
operations:
Selling price
$138
Units in beginning inventory
0
Units produced
3,390
Units sold
2,840
Units in ending inventory
550
Variable costs per unit:
Direct materials
$51
Direct labor
$16
Variable manufacturing overhead
$14
Variable selling and administrative
$10
Fixed costs:
Fixed manufacturing overhead
$115,260
Fixed selling and administrative expenses
$17,040
The total gross margin for the month under absorption costing...
A manufacturing company that produces a single product has provided the following data concerning its most...
A manufacturing company that produces a single product has
provided the following data concerning its most recent month of
operations:
Selling price -------------------------------------- $126
Units in beginning inventory ------------------- 0
Units produced
---------------------------------- 8,500
Units sold ----------------------------------------- 8,300
Units in ending inventory
--------------------- 200
Variable costs per unit:
Direct materials
------------------------------- $36
Direct labor
------------------------------------ $52
Variable manufacturing overhead
--------- $2
Variable selling and administrative
------- $9
Fixed costs:
Fixed manufacturing overhead -----------
$127,500
Fixed selling and administrative
---------- ...
A manufacturing company that produces a single product has provided the following data concerning its most...
A manufacturing company that produces a single product has
provided the following data concerning its most recent month of
operations:
Selling price -------------------------------------- $140
Units in beginning inventory ----------------- 0
Units produced ---------------------------------- 1,200
Units sold
----------------------------------------- 800
Units in ending inventory
--------------------- 400
Variable costs per unit:
Direct materials -------------------------------
$25
Direct labor
------------------------------------ $41
Variable manufacturing overhead -------
$6
Variable selling and administrative
------ $6
Fixed costs:
Fixed manufacturing overhead -----------
$24,000
Fixed selling and administrative...
A manufacturing company that produces a single product has provided the following data concerning its most...
A manufacturing company that produces a single product has
provided the following data concerning its most recent month of
operations:
Selling price
...........................................................
$100
Units in beginning inventory .......................... 0
Unit produced
...................................................... 5,500
Unit sold
.................................................................
5,400
Unit in ending inventory ...................................
100
Variable costs per unit:
Direct materials ..............................................
$23
Direct labor
...................................................... $25
Variable manufacturing overhead ........... $ 2
Variable selling and administrative ......... $ 9
Fixed costs:
Fixed manufacturing overhead .................. $137,500
Fixed selling and administrative...
A manufacturing company that produces a single product has provided the following data concerning its most...
A manufacturing company that produces a single product has
provided the following data concerning its most recent month of
operations:
Selling price
$
140
Units in beginning inventory
0
Units produced
3,150
Units sold
2,760
Units in ending inventory
390
Variable costs per unit:
Direct materials
$
47
Direct labor
$
18
Variable manufacturing overhead
$
10
Variable selling and administrative expense
$
19
Fixed costs:
Fixed manufacturing overhead
$
107,100
Fixed selling and administrative expense
$
24,840
The total...
13 A manufacturing company that produces a single product has provided the following data concerning its...
13 A manufacturing company that produces a single product has
provided the following data concerning its most recent month of
operations:
Selling price
$149
Units in beginning inventory
0
Units produced
2,770
Units sold
2,520
Units in ending inventory
250
Variable costs per unit:
Direct materials
$51
Direct labor
$20
Variable manufacturing overhead
$10
Variable selling and administrative
$12
Fixed costs:
Fixed manufacturing overhead
$96,950
Fixed selling and administrative expenses
$35,280
The total gross margin for the month under absorption...
10. A manufacturing company that produces a single product has provided the following data concerning its...
10. A manufacturing company that produces a single product has
provided the following data concerning its most recent month of
operations:
Selling price
...........................................................
$100
Units in beginning inventory .......................... 0
Unit produced
...................................................... 5,500
Unit sold
.................................................................
5,400
Unit in ending inventory ...................................
100
Variable costs per unit:
Direct materials ..............................................
$23
Direct labor
...................................................... $25
Variable manufacturing overhead ........... $ 2
Variable selling and administrative ......... $ 9
Fixed costs:
Fixed manufacturing overhead .................. $137,500
Fixed selling and...
Olsen Tang LLC produces a single product and has provided the following data for its most...
Olsen Tang LLC produces a single product and has provided the
following data for its most recent month of operation:
Number of units produced and
sold
10,900
Selling price per
unit:
$275
Variable costs per unit:
Direct
materials
$139
Direct
labor
$72
Variable manufacturing overhead
$8
Variable selling and
administrative
$10
Fixed costs:
Fixed manufacturing
overhead
$305,200
Fixed selling and
administrative
$66,200
The company had no beginning...
Beamish Inc., which produces a single product, has provided the following data for its most recent...
Beamish Inc., which produces a single product, has provided the
following data for its most recent month of operations:
Number of units
produced
9,700
Variable costs
per unit:
Direct
materials
$
121
Direct
labor
$
105
Variable
manufacturing overhead
$
6
Variable selling
and administrative expense
$
13
Fixed
costs:
Fixed
manufacturing overhead
$
349,200
Fixed selling
and administrative expense
$
727,500
There were no beginning or ending inventories. The absorption
costing unit product cost was:
Multiple Choice
$226 per...
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