Question: $9.95 Unit direct materials Unit direct labor $ 2.75 $ 1.65 Unit variable overhead Unit fixed overhead Unit selling expense (variable) $ 2.50 $ 2.00

$9.95 Unit direct materials Unit direct labor $ 2.75 $ 1.65 Unit variable overhead Unit fixed overhead Unit selling expense (variable) $ 2.50

$9.95 Unit direct materials Unit direct labor $ 2.75 $ 1.65 Unit variable overhead Unit fixed overhead Unit selling expense (variable) $ 2.50 $ 2.00 $ 65,500 Total fixed selling expense Total fixed administrative expense $231,000 * The unit fixed overhead is based on 30,000 units produced. Required: 1. Calculate the cost of one unit of product under absorption costing. $C 18.85 2. Calculate the cost of one unit of product under variable costing. $ 16.35 x 3. Calculate operating income under absorption costing for next year. $ 80,905 4. Calculate operating income under variable costing for next year. $ 77,655

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

GLD Corporation's relevant range of activity is 1,000 units to 6,500 units. When it produces 4,000 units, it incurs the following costs per unit: Cost per unit Direct materials $6.90 Direct labor...

tra Practice Special Order Decision Unit Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling expense Fixed selling expense Apple Corporation...

Need assistance with questions 1-6 There are 6 problems. Please show all your work to receive partial credit. Problem 1 Worth 9 pts. XYZ Company, which began operations on January 1 of the current...

1) 2) 3) (Prepared from a situation suggested by Professor John W. Hardy) Lone Star Meat Packers is a major processor of beef and other meat products. The company has a large amount of T-bone steak...

Kubin Company's relevant range of production is 30,000 to 35,000 units. When it produces and sells 32,500 units, its average costs per unit are as follows: Amount per Unit Direct materials 9.00...

Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. 310 per unit 110,000 urits 113.750 units Sales price per unit Units produced this vear Units...

please help asap!!! Saxbury Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 5,200 units, its average costs per unit are as follows: Average Cost per...

Average Cost per Unit Direct Materials $12 Direct Labor Indirect Materials Fixed manufacturing overhead Variable manufacturing overhead Fixed selling and administrative expenses Variable sales...

I need help thank you Nelter Corporation, which has only one product, has provided the following data concerning its most recent month of operations. Selling price $ 104 Units in beginning inventory...

Netter Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 120 units in beginning inventory 330 Units produced...

what is the difference between them? item International ERP Local software Company History Major sectors Easy to use functionality customization Security Controls Upgrading cost Customer support...

Phosphorous acid, H2PHO3, is a diprotic acid. Write equations for the acid ionizations. Write the expressions for Ka1 and Ka2.

You bought a stock one year ago for $ 5 0 . 5 9 per share and sold it today for $ 5 8 . 2 1 per share. It paid a $ 1 . 1 2 per share dividend today. If you assume that the stock fell $ 8 . 1 7 to $ 4...

Questions Q1. Write a Python program to retrieve the first and last colors from the following list: color_list = ["red", "green", "white", "blue", "black") Q2. Given the following dictionary,...