Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Selling and administrative expenses consist of $400,000 in annual fixed expenses and $2 per unit in variable selling and administrative expenses. The company's product cost of $30 per unit is computed as follows. Direct materials $ 4 per unit Direct labor $ 16 per unit Variable overhead $ 4 per unit Fixed overhead ($600,000 / 100,000 units) $ 6 per unit.
We don't have the information of selling price and units sold.
Income statement:
Sales
Variable costs:
Direct material
Direct labor
Variable manufacturing overhead
Total variable cost (-)
Contribution margin
Fixed costs (-)
Net operating income
Answer:
The correct answer is C.
Explanation:
Giving the following information:
Production and sales estimates for April are as follows: Estimated inventory (units), April 19,000 Desired inventory (units), April 30 18,000 Expected sales volume (units): Area 3,000 Area 4,750 Area 4,250
Production:
Sales= 12,000
Ending inventory= 18,000
Beginning inventory= (19,000)
Total= 11,000 units
Answer:
$17,000
Explanation:
Fair market value before casualty is $17,000 while Fair market value after casualty is none. The starting point for the calculation of loss deduction will be based on the fair market value before casualty which is $17,000.
<span>The plantwide overhead rate method means </span>using overhead rate to allocate costs to products and includes <span>indirect costs (overhead cost) to cost allocation base (single plantwide overhead rate) to cost objects (products 1-3).
</span><span>The statement that the unit of product is the cost object when the plantwide overhead rate method is used is true. </span>
