Question
In: Accounting
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 is: |
Solutions
Expert Solution
The total gross margin for the month under absorption costing is: $65,320
Working
| Sales | $ 391,920.00 |
| Less: Cost of goods sold | $ 326,600.00 |
| Gross Margin | $ 65,320.00 |
.
| Material cost per unit | $ 51.00 |
| Direct labor per unit | $ 16.00 |
| Variable manufacturing Overheads per unit | $ 14.00 |
| Fixed Manufacturing Overheads per unit (115260/3390) | $ 34.00 |
| Total cost per unit | $ 115.00 |
| Multiplied by Units sold | 2840 |
| Cost of goods sold | $ 326,600.00 |
ekkarill92 answered 2 years 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 -------------------------------------- $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...
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...
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...
A manufacturing company that produces a single product has provided the following data related to its operations during May:
A manufacturing company that produces a single product has provided the following data related to its operations during May:
Manufacturing costs:
Variable costs per unit: Direct materials $22.50
Direct labor $20.00
Variable manufacturing overhead $7.50
Fixed manufacturing overhead costs (total) $875,000
Selling and administrative costs:
Variable per unit $5.00
Fixed (total) $900,000
The product sells for $125 per unit. The company produced 35,000 units and sold 30,000 units in May. There is no beginning inventory.
Required:
a) Compute the breakeven...
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...
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