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GuDViN [60]
3 years ago
10

Vijay Company reports the following information regarding its production costs. Direct materials $ 9.40 per unit Direct labor $

19.40 per unit Overhead costs for the year Variable overhead $ 9.40 per unit Fixed overhead $ 103,600 Units produced 14,000 units Compute its product cost per unit under variable costing.
Business
1 answer:
andriy [413]3 years ago
8 0

Answer:

Unitary cost= $38.2

Explanation:

Giving the following information:

Direct materials $9.40 per unit

Direct labor $19.40 per unit

Variable overhead $ 9.40 per unit

<u>The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead) to calculate the unitary cost.</u>

UNitary cost= 9.4 + 19.4 + 9.4

Unitary cost= $38.2

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Revenue and Cash Receipts Journals Transactions related to revenue and cash receipts completed by Sycamore Inc. during the month
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Answer and Explanation:

The Preparation of revenue Journal and cash receipts Journal is shown below:-

                                        Revenue Journal

Date         Invoice     Debited accounts    Accounts received Dr,

<u>                  number                                      Fees earned Cr,</u>

<u>March 2       512          Santorini Co.                   $905</u>

<u>March 8       513           Gabriel Co.                      $220</u>

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<u>March 20     515          Electronic Central Inc.     $195</u>

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Date      Accounts    Post ref.   Fees          Accounts          Cash Dr,

<u>               credited                    earned Cr,  receivable Cr,                   </u>

March 4   CMI Inc.                                        $205                  $205

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March 28 Marshall Inc.

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<u>March 29 Santorini Co.                                $905                   $905</u>

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<u>                            Total              $245         $1,655                    $1,910</u>

8 0
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