Prepare cost statement for the following unit. Costs for year ended December 31 Amount Units Sold 2000
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Question:
Prepare cost statement for the following unit.
Costs for year ended December 31 | Amount |
Units Sold | 2000 |
Administrative expenses | $ 28,000 |
Depreciation expense - factory building | $ 15,000 |
Depreciation expense - factory equipment | $ 10,000 |
Direct labor | $ 45,000 |
Factory utilities expense | $ 19,000 |
Finished goods inventory, December 31 | $ 50,000 |
Finished goods inventory, January 01 | $ 55,000 |
Indirect labor | $ 20,000 |
Maintenance and repairs expense | $ 20,000 |
Other expense - factory | $ 15,000 |
Raw Materials inventory, December 31 | $ 70,000 |
Raw Materials inventory, January 01 | $ 55,000 |
Raw Materials purchased during the year | $ 130,000 |
Sales | $ 500,000 |
Selling expenses | $ 18,000 |
Work in process inventory, December 31 | $ 23,000 |
Work in process inventory, January 01 | $ 28,000 |
Q2. Calculate contribution, profit, PV Ratio, BEP Sales & BEP Units for this business.
Show your calculations.
Question: | |
Sales | 20,000 Units |
Selling Price | $96/ Unit |
Variable Cost | $52.8/Unit |
Fixed Cost | 384,000.00 |
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