Ickle Company produces a specialty statue item. The following information has been provided by management: Actual sales

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Ickle Company produces a specialty statue item. The following information has been provided by management:

Actual sales 10,000 units

Budgeted production 12,000 units

Selling price $425 per unit

Direct material costs $87.50 per unit

Fixed manufacturing costs $62.50 per unit

Variable manufacturing costs $50.00 per unit

Variable administrative costs $25.00 per unit

Required:

a. What is the cost per statue if absorption costing is used?

b. What is the cost per statue if "super-variable costing" is used?

c. What is the total throughput contribution?10

Related Book For answer-question

Cornerstones of managerial accounting

ISBN: 978-1133943983

5th edition

Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

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Posted Date: Jan 18, 2021 06:53 AM

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Ickle Company produces a specialty statue item. The following information has been provided by management: Actual sales

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Required solution of all three parts is given below Ans a Using absorp... View the full answer

Cornerstones of managerial accounting

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