Nine years of citizenship and at least 30 years of age is the requirement to be

During Heaton Company's first two years of operations, the company reported absorption costing net operating income as follows:

const2013 [10]

The unit product cost under variable costing is computed as follows:

Direct materials $ 4

Direct labor 7

Variable manufacturing overhead 1

Variable costing unit product cost $12

With this figure, the variable costing income statements can be prepared:

Year 1 Year 2

Unit sales 40,000 units 50,000 units

Sales $1,000,000 $1,250,000

Variable expenses:

The variable cost of goods sold

($12 per unit) 480,000 600,000

Variable selling and administrative

expenses ( $2 per unit) 80,000 100,000

Total variable expenses 560,000 700,000

Contribution margin 440,000 550,000

Fixed expenses:

Fixed manufacturing overhead 270,000 270,000

Fixed selling and administrative 130,000 130,000

expenses

Total fixed expenses 400,000 400,000

Net operating income $40,000 $150,000.

An annual record is a record that public organizations must provide annually to shareholders that describes their operations and economic situations. a report that gives unique information approximately what a corporation has completed and how successful it has been.

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7 0

1 year ago

For financial accounting purposes, what is the total amount of product costs incurred to make 24,500 units

Anna71 [15]

Answer:

The product cost for 24,500 units is $497,350.

Explanation:

The reason is that the the product cost always includes all the variable production cost and specific fixed production cost. In this scenario, direct material cost, direct labor cost, variable manufacturing overhead cost are variable production cost whereas the fixed manufacturing cost is specific fixed production cost which will form part of product cost. The remainder of the cost left is period cost.

Direct materials (24,500 * $7.7 per unit) $188,650

Direct labor (24,500 * $4.7 per unit) $115,150

Variable manufacturing overhead (24,500 * $2.2 per unit) $53,900

Fixed manufacturing overhead (24,500 * $5.7 per unit) <u>$139,650 </u>

Total product costs $497,350

7 0

3 years ago

Which fees was John charged on his checking account during this statement period?

Zigmanuir [339]

The overdraft fee is the fee that John was charged on his checking account.

<h3>What is an overdraft fee?</h3>

This is a fee that has to be paid due to the fact that a payment has been authorized.

The overdraft fee is usually paid to cover transactions if there are not enough funds in the account.

<h3>The checking account</h3>

This is a current account that lets deposit and easily withdraw for the sake of transactions.

Read more on the overdraft fee here: brainly.com/question/25532516

7 0

2 years ago

At the beginning of the current period, crane company had balances in accounts receivable of $192,800 and in allowance for doubt

Ainat [17]

This is too confusing

6 0

3 years ago

Barry's Sport Shop calls Champs Tee Shirt Company to order 200 designer tee shirts at $2 per shirt. The next day, Barry decides

lara31 [8.8K]

Answer: No.

Explanation: Based on the initial agreement made between Champs Tee shirt company and Barry's sport shop, which was the de sealed for the purchase of 200 shirts at a price of 100. Even though additional demand of 100 t-shirts was made, Champs decided to send 200. Barry will be unable to force Champs to send the additional 100 because the transaction was made and agreed on verbally without any written. or signed document which could be tendered as evidence when trying to force Champs to send the additional 100

8 0

3 years ago