Question

In: Accounting

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 costing is:

$83,160

$17,640

$130,320

$141,120

14 A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:

  Units in beginning inventory

0

  Units produced

4,750

  Units sold

4,650

  Units in ending inventory

100

Variable costs per unit:

  Direct materials

$

56

  Direct labor

$

58

  Variable manufacturing overhead

$

21

Variable selling and administrative

$

19

Fixed costs:

  Fixed manufacturing overhead

$

99,750

  Fixed selling and administrative

$

46,500


What is the variable costing unit product cost for the month?

$154 per unit

$175 per unit

$135 per unit

$141 per unit

Top of Form

15 Bartelt Inc., which produces a single product, has provided the following data for its most recent month of operations:

  Number of units produced

4,600

  Variable costs per unit:

  Direct materials

$108

  Direct labor

$105

  Variable manufacturing overhead

$5

  Variable selling and administrative expense

$12

  Fixed costs:

  Fixed manufacturing overhead

$184,000

  Fixed selling and administrative expense

$322,000

There were no beginning or ending inventories. The absorption costing unit product cost was:

$213 per unit

$258 per unit

$218 per unit

$340 per unit

16 Rehmer Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.09 direct labor-hours. The direct labor rate is $8.50 per direct labor-hour. The production budget calls for producing 5,600 units in June and 6,100 units in July.

Required:

Construct the direct labor budget for the next two months, assuming that the direct labor work force is fully adjusted to the total direct labor-hours needed each month. (Round your answers to 2 decimal places.)

June July   
Required production in units
Direct labor hours per unit
total direct labor hours needed
direct labor cost per hour
total direct labor cost

Solutions

Expert Solution

13) Solution : The correct option is the 1st option i.e $ 83160( see working note below)

Working Note:: Absorption Costing Income Statement

Particulars

Cost ( $ )

Cost ( $ )

Sales revenue

($149* 2520 units)

$ 3,75,480

Cost Of Sales

Opening inventory

( $ 116* o units)

$ o

Add : Production cost

($116* 2770 units)

$ 321320

Less: Closing inventory

($ 116* 250 units)

($ 29000)

$ 2,92,320

Gross Margin

$ 83,160

14) Solution: The correct option is the 3rd option i.e $ 135 per unit( see working note below)

Working Note:

Computation of unit product cost( VARIABLE COSTING)

Particulars

Cost per unit( $ )

Direct Material

$56

Direct Labour

$ 58

Variable Manufacturing Overhead

$ 21

Unit Product Cost

$ 135

15) Solution: The correct option is the 2nd option i.e $ 258 per unit( see working note below)

Working Note:

Computation of unit product cost (ABSORPTION COSTING)

Particulars

Cost per unit( $ )

Direct Material

$ 108

Direct Labour

$ 105

Variable Manufacturing Overhead

$ 5

Fixed Manufacturing Overhead($184000/4600)

$ 40

Unit Product Cost

$ 258


Related 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...
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 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...
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...
last oneee i think A manufacturing company that produces a single product has provided the following...
last oneee i think A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $ 163 Units in beginning inventory 0 Units produced 10,600 Units sold 9,800 Units in ending inventory 800 Variable costs per unit: Direct materials $ 52 Direct labor $ 47 Variable manufacturing overhead $ 11 Variable selling and administrative expense $ 9 Fixed costs: Fixed manufacturing overhead $ 318,000 Fixed selling and administrative expense...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT