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In: Accounting
SquerDeal Mfg manufactures tables and desks, which are sold in sets of 4 chairs to tables...
SquerDeal Mfg manufactures tables and desks, which are sold in sets of 4 chairs to tables to bussiness, school, and public facilities. They reported the fallowing financial information for last year: Direct Labor 20,000hrs @$15/hr, production Manager Salary $80,000, Factory Rent $60,000, Equipment Maintenance$5,000(considered a variable expense), Equipment Depreciation $25,000, Production for the year 35,000 units, Total Revenue $12,000,000, Total table and chairs set sold during the period 30,000, Operating Income under absorption costing (after non-production expenses) $5,000,000 what would Operating Income be under variable costing?
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ekkarill92 answered 1 year agoRelated Solutions
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Scholastic Furniture, Inc. manufactures a variety of desks,
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systems throughout the Midwest. The controller of the company’s
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quarter of the year. The following sales forecast has been made by
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April
10,000
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May
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desk-and-chair sets
June
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Scholastic Furniture, Inc., manufactures a variety of desks, chairs, tables, and shelf units that are sold...
Scholastic Furniture, Inc., manufactures a variety of desks,
chairs, tables, and shelf units that are sold to public school
systems throughout the Midwest. The controller of the company’s
Desk Division is currently preparing a budget for the second
quarter of the year. The following sales forecast has been made by
the division’s sales manager.
April
10,000
desk-and-chair sets
May
12,000
desk-and-chair
sets
June
15,000
desk-and-chair
sets
Each desk-and-chair set requires 10 board feet of pine planks and
1.5 hours of...
Scholastic Furniture, Inc. manufactures a variety of desks, chairs, tables, and shelf units that are sold...
Scholastic Furniture, Inc. manufactures a variety of desks,
chairs, tables, and shelf units that are sold to public school
systems throughout the Midwest. The controller of the company’s
Desk Division is currently preparing a budget for the second
quarter of the year. The following sales forecast has been made by
the division’s sales manager.
April
10,000
desk-and-chair sets
May
12,000
desk-and-chair sets
June
15,000
desk-and-chair sets
Each desk-and-chair set requires 10 board feet of pine planks
and 1.5 hours of...
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division’s sales manager.
July
5,000
desk-and-chair sets
August
6,000
desk-and-chair
sets
September
7,500
desk-and-chair
sets
Each desk-and-chair set requires 10 board feet of pine planks
and 1.5...
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Steelcase Production Steelcase Corporation manufactures 3 basic products: chairs, desks, and tables. Below is chart which...
Steelcase Production
Steelcase Corporation manufactures 3 basic products: chairs,
desks, and tables. Below is chart which summarizes the number of
labor hours spent for each product in each division.
Chairs
Desks
Tables
Process
Carpentry
2
3
6
Finishing
1
1
1
Assembly
4
6
2
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