The North Central Coffee Roasting Company roasts coffee that they sell on the Intranet. They roast...

 

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The North Central Coffee Roasting Company roasts coffee that they sell on the Intranet. They roast Guatemalan, Columbian, and Ugandan. They have the following costs of production for September 2021: Variable Costs Direct Materials $30 per bag $2.9 per bag Direct Labor (10 bags Per hour) Variable Manufacturing Overhead Variable Selling Costs $1.5 per bag 10% of selling price Fixed Costs Manufacturing Marketing $52,000 $10,000 Selling Price Budgeted Units Theoretical Master Budget Actual Production $75 per 5-pound bag 3,100 3,000 3,200 3,500 Actual Sales There are no price, efficiency, or spending variances. REQUIRED: Prepare a schedule to determine the Cost per unit under for both theoretical and master budget (include on one page for all three): • Absorption Costing • Variable Costing • Throughput Costing Prepare the income statements assuming (under both theoretical and master budget) that The Coffee Lab uses each of the following methods (each (absorption, variable, and throughput) statement should be on a separate page): Absorption Costing • Variable Costing • Throughput Costing Determine the breakeven point under (both on one page) • Absorption Costing • Variable Costing The North Central Coffee Roasting Company roasts coffee that they sell on the Intranet. They roast Guatemalan, Columbian, and Ugandan. They have the following costs of production for September 2021: Variable Costs Direct Materials $30 per bag $2.9 per bag Direct Labor (10 bags Per hour) Variable Manufacturing Overhead Variable Selling Costs $1.5 per bag 10% of selling price Fixed Costs Manufacturing Marketing $52,000 $10,000 Selling Price Budgeted Units Theoretical Master Budget Actual Production $75 per 5-pound bag 3,100 3,000 3,200 3,500 Actual Sales There are no price, efficiency, or spending variances. REQUIRED: Prepare a schedule to determine the Cost per unit under for both theoretical and master budget (include on one page for all three): • Absorption Costing • Variable Costing • Throughput Costing Prepare the income statements assuming (under both theoretical and master budget) that The Coffee Lab uses each of the following methods (each (absorption, variable, and throughput) statement should be on a separate page): Absorption Costing • Variable Costing • Throughput Costing Determine the breakeven point under (both on one page) • Absorption Costing • Variable Costing

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1 Determination of Cost Per Unit Absorption Costing Variable Costing Throughput Costing Direct Materials 30per bag 30 per bag 30 per bag Direct Labor ... View the full answer