Question: How do I analyze the information calculated in the Full Variable Spreadsheet for the Cookie Business ? Productions Costs: Direct material $0.60 Direct labor $1.00

How do I analyze the information calculated in the Full Variable Spreadsheet for the Cookie Business ?

Productions Costs: Direct material $0.60 Direct labor $1.00 Variable manufacturing overhead $0.40 Total variable manufacturing costs per unit $2.00 Fixed manufacturing overhead per year $139,000.00 In addition, the company has fixed selling and administrative costs: Fixed selling costs per year $50,000.00 Fixed administrative costs per year $65,000.00 Selling price per cookie $3.75 Number of cookies produced 2,780,000 Number of cookies sold 2,600,000 Full (absorption) costing : Full cost per unit $2.05 variable man cost+ (=2fmanoveperyear/$cookies produced) $139000.00/2780,000 0.05 Ending Inventory Full (absorption) costing $180,000 # cookies prod-#cookies sold Variable costing : Variable cost per unit $2.00 variable manufacturing cost per unit Ending Inventory Variable costing $360,000 ending inventory 180,000*x variable cost per unit

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!

I need help determining if the calculations that are bolded in each of the six tables is correct. Thank you! Part 1 Contribution Margin/Breakeven Chocolate Chip Sugar Specialty Total Units Sold...

Cookie Business Productions Costs: Direct material 0.60 Direct labor 1.00 Variable manufacturing overhead 0.40 Total variable manufacturing costs per unit 2.00 Fixed manufacturing overhead per year $...

Cookie Business Productions Costs: Direct material $ 0.60 Direct labor $ 1.00 Variable manufacturing overhead $ 0.40 Total variable manufacturing costs per unit $ 2.00 Fixed manufacturing overhead...

Part 2 Full and Variable Costing Cookie Business Productions Costs: Direct material 0.60 Direct labor $ 1.00 Variable manufacturing overhead $ 0.40 I otal variable manufacturing costs per unit $ 2.00...

Cookie Business Productions Costs: Direct material $ 0.60 Direct labor S 1.00 Variable manufacturing overhead $ 0.40 Total variable manufacturing costs per unit 5 2.00 Fixed manufacturing overhead...

Cookie Business Productions Costs: Direct material 0.60 Direct labor S 1.00 Variable manufacturing overhead 0.40 Total variable manufacturing costs per unit S 2.00 Fixed manufacturing overhead per...

Productions Costs: Direct material $ 0.60 Direct labor $ 1.00 Variable manufacturing overhead $ 0.40 Total variable manufacturing costs per unit $ 2.00 Fixed manufacturing overhead per year $...

Discuss the results, and comment on which method you think is more helpful to managers and why. Kindle Cookies Productions Costs: Direct material $0.60 Direct labor $1.00 Variable manufacturing...

What duties of the IT function should be performed by different people, or located in separate departments? Why?

In the context of this chapter, what is meant by having a preference for fairness?

Zachary is an inpatient coder who codes 40 hours per week. On average, he codes seven records per hour. He earns $22.00 per hour. Yvette is an inpatient coder who codes 40 hours per week. On average,...

Modern-EHR is a healthcare program that generates patients visits and prescriptions based on conversation recording. Create visit module starts by calling upon the Generate conversation record module...