Sunland Company sells its product for $11700 per unit. Variable costs per unit are: manufacturing, $5500;...
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Sunland Company sells its product for $11700 per unit. Variable costs per unit are: manufacturing, $5500; and selling and administrative, $135. Fixed costs are: $30000 manufacturing overhead, and $40000 selling and administrative. There was no beginning inventory at 1/1/20. Production was 20 units per year in 2020-2022. Sales were 20 units in 2020, 16 u.its in 2021, and 24 units in 2022. Income under absorption costing for 2021 is O $35200. O $33040. O $27040. O $60080. During 2022, Sunland Corp. produced 37,200 units and sold 37,200 for $16.00 per unit. Variable manufacturing costs were $6.00 per unit. Annual fixed manufacturing overhead was $74,400 ($2.00 per unit). Variable selling and administrative costs were $2.00 per u t sold, and fixed selling and administrative expenses were $18,600. Suppose the accountant for Sunland Corp. uses normal-absorption costing and uses the budgeted volume of 46,500 units to allocate the fixed overhead rather than the actual production vo ime of 37,200 units. The company expenses production volume variance to cost of goods sold in the accounting period in which it occurs. Calculate the manufacturing cost per unit. (Round answer to 2 decimal places, e.g. 5.25.) Manufacturing cost $4 16.5 per unit Sunland Company sells its product for $11700 per unit. Variable costs per unit are: manufacturing, $5500; and selling and administrative, $135. Fixed costs are: $30000 manufacturing overhead, and $40000 selling and administrative. There was no beginning inventory at 1/1/20. Production was 20 units per year in 2020-2022. Sales were 20 units in 2020, 16 u.its in 2021, and 24 units in 2022. Income under absorption costing for 2021 is O $35200. O $33040. O $27040. O $60080. During 2022, Sunland Corp. produced 37,200 units and sold 37,200 for $16.00 per unit. Variable manufacturing costs were $6.00 per unit. Annual fixed manufacturing overhead was $74,400 ($2.00 per unit). Variable selling and administrative costs were $2.00 per u t sold, and fixed selling and administrative expenses were $18,600. Suppose the accountant for Sunland Corp. uses normal-absorption costing and uses the budgeted volume of 46,500 units to allocate the fixed overhead rather than the actual production vo ime of 37,200 units. The company expenses production volume variance to cost of goods sold in the accounting period in which it occurs. Calculate the manufacturing cost per unit. (Round answer to 2 decimal places, e.g. 5.25.) Manufacturing cost $4 16.5 per unit Sunland Company sells its product for $11700 per unit. Variable costs per unit are: manufacturing, $5500; and selling and administrative, $135. Fixed costs are: $30000 manufacturing overhead, and $40000 selling and administrative. There was no beginning inventory at 1/1/20. Production was 20 units per year in 2020-2022. Sales were 20 units in 2020, 16 u.its in 2021, and 24 units in 2022. Income under absorption costing for 2021 is O $35200. O $33040. O $27040. O $60080. During 2022, Sunland Corp. produced 37,200 units and sold 37,200 for $16.00 per unit. Variable manufacturing costs were $6.00 per unit. Annual fixed manufacturing overhead was $74,400 ($2.00 per unit). Variable selling and administrative costs were $2.00 per u t sold, and fixed selling and administrative expenses were $18,600. Suppose the accountant for Sunland Corp. uses normal-absorption costing and uses the budgeted volume of 46,500 units to allocate the fixed overhead rather than the actual production vo ime of 37,200 units. The company expenses production volume variance to cost of goods sold in the accounting period in which it occurs. Calculate the manufacturing cost per unit. (Round answer to 2 decimal places, e.g. 5.25.) Manufacturing cost $4 16.5 per unit Sunland Company sells its product for $11700 per unit. Variable costs per unit are: manufacturing, $5500; and selling and administrative, $135. Fixed costs are: $30000 manufacturing overhead, and $40000 selling and administrative. There was no beginning inventory at 1/1/20. Production was 20 units per year in 2020-2022. Sales were 20 units in 2020, 16 u.its in 2021, and 24 units in 2022. Income under absorption costing for 2021 is O $35200. O $33040. O $27040. O $60080. During 2022, Sunland Corp. produced 37,200 units and sold 37,200 for $16.00 per unit. Variable manufacturing costs were $6.00 per unit. Annual fixed manufacturing overhead was $74,400 ($2.00 per unit). Variable selling and administrative costs were $2.00 per u t sold, and fixed selling and administrative expenses were $18,600. Suppose the accountant for Sunland Corp. uses normal-absorption costing and uses the budgeted volume of 46,500 units to allocate the fixed overhead rather than the actual production vo ime of 37,200 units. The company expenses production volume variance to cost of goods sold in the accounting period in which it occurs. Calculate the manufacturing cost per unit. (Round answer to 2 decimal places, e.g. 5.25.) Manufacturing cost $4 16.5 per unit Sunland Company sells its product for $11700 per unit. Variable costs per unit are: manufacturing, $5500; and selling and administrative, $135. Fixed costs are: $30000 manufacturing overhead, and $40000 selling and administrative. There was no beginning inventory at 1/1/20. Production was 20 units per year in 2020-2022. Sales were 20 units in 2020, 16 u.its in 2021, and 24 units in 2022. Income under absorption costing for 2021 is O $35200. O $33040. O $27040. O $60080. During 2022, Sunland Corp. produced 37,200 units and sold 37,200 for $16.00 per unit. Variable manufacturing costs were $6.00 per unit. Annual fixed manufacturing overhead was $74,400 ($2.00 per unit). Variable selling and administrative costs were $2.00 per u t sold, and fixed selling and administrative expenses were $18,600. Suppose the accountant for Sunland Corp. uses normal-absorption costing and uses the budgeted volume of 46,500 units to allocate the fixed overhead rather than the actual production vo ime of 37,200 units. The company expenses production volume variance to cost of goods sold in the accounting period in which it occurs. Calculate the manufacturing cost per unit. (Round answer to 2 decimal places, e.g. 5.25.) Manufacturing cost $4 16.5 per unit Sunland Company sells its product for $11700 per unit. Variable costs per unit are: manufacturing, $5500; and selling and administrative, $135. Fixed costs are: $30000 manufacturing overhead, and $40000 selling and administrative. There was no beginning inventory at 1/1/20. Production was 20 units per year in 2020-2022. Sales were 20 units in 2020, 16 u.its in 2021, and 24 units in 2022. Income under absorption costing for 2021 is O $35200. O $33040. O $27040. O $60080. During 2022, Sunland Corp. produced 37,200 units and sold 37,200 for $16.00 per unit. Variable manufacturing costs were $6.00 per unit. Annual fixed manufacturing overhead was $74,400 ($2.00 per unit). Variable selling and administrative costs were $2.00 per u t sold, and fixed selling and administrative expenses were $18,600. Suppose the accountant for Sunland Corp. uses normal-absorption costing and uses the budgeted volume of 46,500 units to allocate the fixed overhead rather than the actual production vo ime of 37,200 units. The company expenses production volume variance to cost of goods sold in the accounting period in which it occurs. Calculate the manufacturing cost per unit. (Round answer to 2 decimal places, e.g. 5.25.) Manufacturing cost $4 16.5 per unit Sunland Company sells its product for $11700 per unit. Variable costs per unit are: manufacturing, $5500; and selling and administrative, $135. Fixed costs are: $30000 manufacturing overhead, and $40000 selling and administrative. There was no beginning inventory at 1/1/20. Production was 20 units per year in 2020-2022. Sales were 20 units in 2020, 16 u.its in 2021, and 24 units in 2022. Income under absorption costing for 2021 is O $35200. O $33040. O $27040. O $60080. During 2022, Sunland Corp. produced 37,200 units and sold 37,200 for $16.00 per unit. Variable manufacturing costs were $6.00 per unit. Annual fixed manufacturing overhead was $74,400 ($2.00 per unit). Variable selling and administrative costs were $2.00 per u t sold, and fixed selling and administrative expenses were $18,600. Suppose the accountant for Sunland Corp. uses normal-absorption costing and uses the budgeted volume of 46,500 units to allocate the fixed overhead rather than the actual production vo ime of 37,200 units. The company expenses production volume variance to cost of goods sold in the accounting period in which it occurs. Calculate the manufacturing cost per unit. (Round answer to 2 decimal places, e.g. 5.25.) Manufacturing cost $4 16.5 per unit Sunland Company sells its product for $11700 per unit. Variable costs per unit are: manufacturing, $5500; and selling and administrative, $135. Fixed costs are: $30000 manufacturing overhead, and $40000 selling and administrative. There was no beginning inventory at 1/1/20. Production was 20 units per year in 2020-2022. Sales were 20 units in 2020, 16 u.its in 2021, and 24 units in 2022. Income under absorption costing for 2021 is O $35200. O $33040. O $27040. O $60080. During 2022, Sunland Corp. produced 37,200 units and sold 37,200 for $16.00 per unit. Variable manufacturing costs were $6.00 per unit. Annual fixed manufacturing overhead was $74,400 ($2.00 per unit). Variable selling and administrative costs were $2.00 per u t sold, and fixed selling and administrative expenses were $18,600. Suppose the accountant for Sunland Corp. uses normal-absorption costing and uses the budgeted volume of 46,500 units to allocate the fixed overhead rather than the actual production vo ime of 37,200 units. The company expenses production volume variance to cost of goods sold in the accounting period in which it occurs. Calculate the manufacturing cost per unit. (Round answer to 2 decimal places, e.g. 5.25.) Manufacturing cost $4 16.5 per unit
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1 Net income under absorption costing of 2021 sales 16 units Sales 11700 187200 Less Variable manufa... View the full answer
Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
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