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max2010maxim [7]
2 years ago
9

Direct materials $10 Direct labor $6 Variable manufacturing overhead $4 Fixed manufacturing overhead per year $220,000 Selling a

nd administrative expenses: Variable selling and administrative expense per unit sold $6 Fixed selling and administrative expense per year $61,000 Year 1 Year 2 Units in beginning inventory 0 1,000 Units produced during the year 11,000 10,000 Units sold during the year 10,000 7,000 Units in ending inventory 1,000 4,000 The net operating income (loss) under variable costing in Year 1 is closest to:
Business
1 answer:
pochemuha2 years ago
3 0

Answer:

Results are below.

Explanation:

I will assume a selling price per unit of $60.

<u>First, we need to calculate the total unitary variable cost:</u>

Total unitary variable cost= direct material + direct labor + varaiboe overhead + variable selling and administrative expense

Total unitary variable cost= 10 + 6 + 4 + 6

Total unitary variable cost= $26

<u>Now, we can structure the income statement:</u>

<u></u>

Sales= 10,000*60= 600,000

Total variable cost= 10,000*26= ( 260,000)

Contribution margin= 340,000

Fixed manufacturing overhead per year= (220,000)

Fixed selling and administrative expense per year= (61,000)

Net operating income= 59,000

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Mortensen Industries, which uses a process-costing system, adds material at the beginning of production and incurs conversion co
Studentka2010 [4]

Answer: 60%

Explanation:

Find the ending work in process.

Materials are complete at inception so the Equivalent units of Materials represent the total units.

Ending WIP will therefore be:

= Materials EUP - Units started and completed

= 5,000 - 3,500

= 1,500 units

Stage of completion is based on Conversion.

Conversion EUP = Total started and completed + (x% * Closing WIP)

4,400 = 3,500 + (x% * 1,500)

4,400 = 3,500 + 15x

15x = 4,400 - 3,500

15x = 900

x = 900/15

x = 60%

<em>Conversion is 60% complete so this is the stage of completion. </em>

7 0
3 years ago
A letter to your headmaster telling him the reasons you want to change your course​
Nata [24]

Respected ________, I hope you are doing great in health. I am writing this letter to you so that I can ask you the permission of course change. As I am studying (Subject or course name) from last six months or one year and continuously my GPA is Decreasing and the studies are getting difficult as the semesters are passing.

Hope this helps :)

6 0
3 years ago
An ____ is a group of individuals, working together to achieve shared job-related goals such as higher pay shorter working hours
podryga [215]

The answer is union or labor union. This is an group of workers who have come together to attain common goals such as guarding the integrity of its trade, refining safety standards, attaining higher pay and benefits such as health care and retirement, increasing the number of employees an employer allocates to complete the work, and better working conditions.

7 0
3 years ago
What can you do to figure out how much you can afford when buying a car?
GuDViN [60]
You can check your credit and you can us it for the car u want ,

5 0
3 years ago
Parmesan Company uses the direct method for its statement of cash flow. It reports the following information regarding the year
Nastasia [14]

Answer: $‭196,800‬

Explanation:

The cash payments to suppliers for inventory purchases will be:

= Cost of goods sold - Decrease in inventory -  Increase in accounts payable

Decrease in inventory = 23,500 - 17,800

= $5,700

Increase in accounts payable

= 13,500 - 6,000

= $7,500

Cash to suppliers for inventory = 210,000 - 5,700 - 7,500

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3 years ago
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