Acacia Manufacturing has compiled the following information from the accounting system for the one product it...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Acacia Manufacturing has compiled the following information from the accounting system for the one product it sells: Sales price Fixed costs (for the month) Marketing and administrative Manufacturing overhead Variable costs (per unit) Marketing and administrative Direct materials Manufacturing overhead Direct labor Units produced and sold (for the month) Required: a. Determine the variable manufacturing cost per unit. b. Determine the variable cost per unit. c. Determine the full absorption cost per unit. Note: Round your answer to 2 decimal places. d. Determine the full cost per unit. Note: Round your answer to 2 decimal places. a. Variable manufacturing cost per unit b. Variable cost per unit c. Full absorption cost per unit d. Full cost per unit $ 100 per unit $ 24,200 $9,500 $ 13 $24 $14 $ 20 21,000 Acacia Manufacturing has compiled the following information from the accounting system for the one product it sells: Sales price Fixed costs (for the month) Marketing and administrative Manufacturing overhead Variable costs (per unit) Marketing and administrative Direct materials Manufacturing overhead Direct labor Units produced and sold (for the month) Required: a. Calculate the product costs per unit. Note: Round your answer to 2 decimal places. b. Calculate the period costs for the period. a. Product costs per unit b. Period costs $ 100 per unit $ 24,200 $ 9,500 $ 13 $24 $14 $20 21,000 Acacia Manufacturing has compiled the following information from the accounting system for the one product it sells: Sales price Fixed costs (for the month) Marketing and administrative Manufacturing overhead Variable costs (per unit) Marketing and administrative Direct materials Manufacturing overhead Direct labor Units produced and sold (for the month) Required: a. Determine the variable manufacturing cost per unit. b. Determine the variable cost per unit. c. Determine the full absorption cost per unit. Note: Round your answer to 2 decimal places. d. Determine the full cost per unit. Note: Round your answer to 2 decimal places. a. Variable manufacturing cost per unit b. Variable cost per unit c. Full absorption cost per unit d. Full cost per unit $ 100 per unit $ 24,200 $9,500 $ 13 $24 $14 $ 20 21,000 Acacia Manufacturing has compiled the following information from the accounting system for the one product it sells: Sales price Fixed costs (for the month) Marketing and administrative Manufacturing overhead Variable costs (per unit) Marketing and administrative Direct materials Manufacturing overhead Direct labor Units produced and sold (for the month) Required: a. Calculate the product costs per unit. Note: Round your answer to 2 decimal places. b. Calculate the period costs for the period. a. Product costs per unit b. Period costs $ 100 per unit $ 24,200 $ 9,500 $ 13 $24 $14 $20 21,000
Expert Answer:
Answer rating: 100% (QA)
Part a Caclulation of Variable manufacturing cost per unit Direct material cost per unit 24 Direct l... View the full answer
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
Posted Date:
Students also viewed these accounting questions
-
Firewatch Ltd, has been manufacturing and selling fire fighting equipment for the last two years. Firewatch Ltd commenced operations on 1 July, 2017 by issuing 500 000 $3.50 shares, payable in full...
-
Karen Corporation has compiled the following information from the accounting system for the one product it sells: Sales price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $900...
-
The accountant for Weatherspoon Shoe has compiled the following information from the companys records as a basis for an income statement for the year ended December 31, 2022. Rent revenue...
-
The investment cost of the project to launch a new production line is 200 million rubles; the revenue from the sale of new products manufactured using this line is 80 million rubles a year (before...
-
PAJ, Inc., a jewelry company, had a commercial general liability (CGL) policy from Hanover Insurance Co. It covered, among other things, liability for advertising injury. The policy required PAJ to...
-
A contract is estimated to yield net annual returns of $15,500 for ten years. To secure the contract, an immediate outlay of $80,000 is required. Interest is 14% compounded annually. Calculate the...
-
Integral balances can also be used for heat transfer in a turbulent-flow boundary layer if a form for the velocity profile is assumed. A common form is the 1/7th-power law:...
-
Why can't we pay our shareholders a dividend? shouted your new boss. This income statement you prepared for me says we earned $5 million in our first half-year! You were hired last month as the chief...
-
The following account balances at the beginning of January were selected from the general ledger of Superior Juice Manufacturing Company: Work in process inventory Raw materials inventory Finished...
-
The shareholders equity accounts of Tmao Inc. at December 31, 2023, are as follows: Preferred shares, $3 noncumulative, unlimited number authorized, 4,000 issued ......... $400,000 Common shares,...
-
Consider an industry with 4 firms. All 4 firms and their yearly sales are listed in the table below: Firms and Yearly Sales Firm Yearly Sales ( in Millions ) Jet Inc $ 2 3 4...
-
Find the Laplace transform of each periodic function whose definition in one period is given. \(h(t)=\left\{\begin{array}{lll}t & \text { if } & 0
-
Wei Min opens a retirement account that pays 8 percent/year/month. For the next 30 years, he deposits $300 per month into it, with all deposits occurring at the end of the month. On the day of the...
-
How much will $10,000 amount to after 5 years if interest is 10 percent per year compounded continuously?
-
Using real-word examples, discuss the Phillips curve in terms of the trade-off between inflation and unemployment.
-
Calculate using the interest formula the factor (P|F 11.5%,37). Compare that to the result using Excels PV function.
-
David Kweya started a business of selling children's clothes on 1 July 2016. He commenced the business with a capital of Sh. 14,000,000. He deposited this amount in a business bank account. During...
-
In the operation of an automated production line with storage buffers, what does it mean if a buffer is nearly always empty or nearly always full?
-
Fill in the missing items for the followinginventories: $51,000 48,000 $28,400 24,800 88,000 - $.67,000 56,000 Beginning balance Ending balance .. Transferred in Transferred out. 57,000 170,000
-
You can get the cost of customers by first computing the cost of the products they buy and then multiplying by the number of units each customer buys. Do you think this approach would assist in cost...
-
Standards and budgets are the same thing. True or false?
-
The position vector along a trajectory expressed in terms of the scalar distance \(s\) from the origin is given by the relation \(\mathbf{r}=\mathbf{a} s^{2}+\mathbf{b} s+\mathbf{c}\), with the...
-
A particle moves on a predetermined trajectory with the equation of motion \(s(t)=k t^{2}\), with \(k\) constant and with magnitude of the acceleration equal to \(a=2 k\). Show by using (3.74) that...
-
A particle is constrained to move on a circular guideway of radius \(R=3.00 \mathrm{~m}\), on which it can slide without friction, according to the motion equation law \(s(t)=k t^{3}\), with \(k=2.0...
Study smarter with the SolutionInn App