2227823 18 8 19 1 9 10 The following data is applicable to all months: 11...
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2227823 18 8 19 1 9 10 The following data is applicable to all months: 11 12 13 20 21 2 3 5 6 26 27 Medix, Inc. manufactures a wide variety of doctor's cases. The operating results using variable costing as well as the sales in units and the production in units for the most recent three months are as follows: Variable Cost Operating income (loss) Beginning inventory in units Production in units Sales in units Ending inventory in units 14 15 Required: 16 17 1. Calculate the fixed overhead per unit for March, April, May and June. (1 mark) Variable manufacturing costs Variable selling expenses Fixed manufacturing overhead Fixed overhead per unit March 15,000 Variable Cost Operating income (loss) April March $3,600 2,400 $8.00 per unit $1.00 per unit $45,000 per month 18,000 16,900 3,500 April May $1,400 3,500 22,500 19,000 7,000 May June $19,900 7,000 12,000 15,600 2,400 24 2. Determine the absorption costing operating Income for May using the income reconciliation approach. Show all supporting calculations. (4 25 marks) June CLICK HERE TO SAVE YOUR WORK G7 PAPEPRERR* * *RE 15 Required: 17 1. Calculate the fixed overhead per unit for March, April, May and June. (1 mark) >> Fixed overhead per unit Variable Cost Operating income (loss) Absorption Costing Operating income (loss) March ACVC A2 answer sheet New. April 2. Determine the absorption costing operating income for May using the income reconciliation approach. Show all supporting calculations. (4) marks) May June 2227823 18 8 19 1 9 10 The following data is applicable to all months: 11 12 13 20 21 2 3 5 6 26 27 Medix, Inc. manufactures a wide variety of doctor's cases. The operating results using variable costing as well as the sales in units and the production in units for the most recent three months are as follows: Variable Cost Operating income (loss) Beginning inventory in units Production in units Sales in units Ending inventory in units 14 15 Required: 16 17 1. Calculate the fixed overhead per unit for March, April, May and June. (1 mark) Variable manufacturing costs Variable selling expenses Fixed manufacturing overhead Fixed overhead per unit March 15,000 Variable Cost Operating income (loss) April March $3,600 2,400 $8.00 per unit $1.00 per unit $45,000 per month 18,000 16,900 3,500 April May $1,400 3,500 22,500 19,000 7,000 May June $19,900 7,000 12,000 15,600 2,400 24 2. Determine the absorption costing operating Income for May using the income reconciliation approach. Show all supporting calculations. (4 25 marks) June CLICK HERE TO SAVE YOUR WORK G7 PAPEPRERR* * *RE 15 Required: 17 1. Calculate the fixed overhead per unit for March, April, May and June. (1 mark) >> Fixed overhead per unit Variable Cost Operating income (loss) Absorption Costing Operating income (loss) March ACVC A2 answer sheet New. April 2. Determine the absorption costing operating income for May using the income reconciliation approach. Show all supporting calculations. (4) marks) May June
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Fixed overhead per unit Fixed manufacturing overhead Production ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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