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vfiekz [6]
3 years ago
9

Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred

the following costs.
Variable Costs per Unit
Direct materials $7.50
Direct labor $3.45
Variable manufacturing overhead $5.80
Variable selling and administrative expenses $3.90
Fixed Costs per Year
Fixed manufacturing overhead $225,000
Fixed selling and administrative expenses $210,100
A. Assuming the company uses variable costing, calculate Siren’s manufacturing cost per unit for 2017.
B. Prepare a variable costing income statement for 2017.
C. Assuming the company uses absorption costing, calculate Siren’s manufacturing cost per unit for 2017.
D. Prepare an absorption costing income statement for 2017.
Business
1 answer:
Naddik [55]3 years ago
7 0

Answer:

Part A.

$16.75

Part B.

Variable costing income statement for 2017

Fi

Part C.

Part D.

Absorption costing income statement for 2017

Explanation:

<em>The question is incomplete, however see explanations below</em>

Cost per unit - Variable Costing

<em>Only consider the Variable Manufacturing Costs</em>

Cost per unit - Variable Costing = $16.75

Cost per unit - Absorption Costing  

<em>Consider Both Variable and Fixed Manufacturing Costs</em>

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motikmotik

Answer:

Emergence.

Explanation:

In this context, it can be said that Suzanne, Kyle and Monique are in the emergence phase of group decision making.

This phase occurs right after the conflict phase, in the emergence phase the ideas will be finally defined and there will be a consensus among the team.

At this stage it is common for the individual interests and needs of the team members to be set aside in favor of the team's interests.

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3 years ago
Mackalya is an office secretary at the "All American Office Products Company." This Company sells office supplies and office equ
Bogdan [553]

Answer:

1. Yes; Journal entry

2. Debit- Printing & Stationery Expense $160 (value for 8 boxes)

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3. Leaves to the cost of goods sold account

Explanation to:

1. Mackalaya used inventory. Remember, inventory is a term used to refer to all the merchandise (goods or products) a company has at the moment in stock.

2. The Journal entry to be made would be

Debit- Printing & Stationery Expense $160 and Credit this value to Cost of goods sold or Trading account A/c section of the Journal entry.

3. Remember, the cost of goods sold cares for all inventory sales, therefore it would be credited with value of the inventory item sold by the company.

6 0
3 years ago
The financial statements of New World, Incorporated, provide the following information for the current year: December 31 January
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I believe the question you're asking is cut off...
4 0
3 years ago
Broker Burns is negotiating a first trust deed loan for buyers. The buyers have signed a contract for a fifteen year loan. What
Harrizon [31]

Answer:

The answer is 2. Ten percent of the principal of the loan

Explanation:

By law, maximum commissions for first trust deed loans are at :

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4 years ago
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Answer:

Missing word <em>"What is the Rate of return"</em>

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5 0
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