Below is extracted from the variable costing income statement of CONFUSED COMPANY for the year 2021:...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Below is extracted from the variable costing income statement of CONFUSED COMPANY for the year 2021: Units produced Units sold Beginning inventory (Units) 100,000 110,000 15,000 Variable costs per unit Direct materials Direct labor P8 Factory Overhead SGGA Fixed costs: Factory overhead SGA P5 per unit P200,000 P50 per unit Selling price Additional information: Fixed overhead rate was determined using the normal capacity of 98,000 units. This probiem contains five questions. For supply-the-answer questions, please round off your final answer to the nearest whole number without comma, og. 258o0. Compute for the following 1. Volume variance 2. Net income under absorption costing 3. Net income under variable costing 4. Ending inventory balance under absorption costing 5. Break-even point in revenue FOR THIS ITEM ONLY, Break-even point in revenue a. Some other answer b. 1,362,923 c 1,437,500 d. 1,326,923 Below is extracted from the variable costing income statement of CONFUSED COMPANY for the year 2021: Units produced Units sold Beginning inventory (Units) 100,000 110,000 15,000 Variable costs per unit Direct materials Direct labor P8 Factory Overhead SGGA Fixed costs: Factory overhead SGA P5 per unit P200,000 P50 per unit Selling price Additional information: Fixed overhead rate was determined using the normal capacity of 98,000 units. This probiem contains five questions. For supply-the-answer questions, please round off your final answer to the nearest whole number without comma, og. 258o0. Compute for the following 1. Volume variance 2. Net income under absorption costing 3. Net income under variable costing 4. Ending inventory balance under absorption costing 5. Break-even point in revenue FOR THIS ITEM ONLY, Break-even point in revenue a. Some other answer b. 1,362,923 c 1,437,500 d. 1,326,923
Expert Answer:
Answer rating: 100% (QA)
Calculation of break even sales in dollars Contribution ... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Below is a variable costing income statement for Wilner Glass Company, a maker of bottles for the beverage industry. For the coming year, the company is considering hiring two additional sales...
-
Below is a variable costing income statement for Trio Office Supplies, a company well known for its quality high-volume automatic staplers. For the coming year, the company is considering hiring...
-
Below is a variable costing income statement for Trio Office Supplies, a company well known for its quality high-volume automatic staplers.For the coming year, the company is considering hiring three...
-
In Exercises find the indefinite integral. sech(2x1) dx
-
Marty Alewine, a newly pro-moted senior at your firm, has been assigned as in charge of the audit of Doxey Electron-ics. Doxey has been a client of your firm for years. Controls are considered...
-
1. Using Microsoft Excel, draw a graph illustrating the supply and demand in this market. 2. What is the equilibrium Price and Quantity in the market? 3. Now suppose the government imposes a special...
-
C. Gomez, corporate engineer of Allied Products Ltd. is proposing the replacement of existing equipment with more efficient equipment. According to information received by Gomez, the proposed...
-
Brian Wilson, materials manager at B&L Inc. in Lancaster, Pennsylvania, was considering a proposal from his purchasing agent to outsource manufacturing for an outrigger bracket. It was the end of...
-
what legal doctrine restricts a party from denying that a promise was made under certain conditions, even through consideration hasn't been exchanged to bind an agreement
-
Locate the court case Ellis v. Jarvis et al., 117 AFTR 2d 2016-1932. Using only the head notes, answer the following questions: a. What issue(s) did the court address? b. What was the ruling of the...
-
Financial and managerial accounting is both concerned with the economic events of an enterprise. Similarities between financial and managerial accounting do exist, but they do have a different focus....
-
How are businesses using cryptocurrencies today? Which is one cryptocurrency that is most popular among businesses?
-
Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year Accrued liabilities Assets Cash Accounts receivable Inventory...
-
How has Name, Image, and Likeness transformed the collegiate ecosystem? What changes do you foresee happening in this space to regulate it, if any? Where will those changes come from? Explain Briefly?
-
What are the three kinds of examples we can use in "Supporting your ideas"? How might you use each kind to support your ideas? What are five tips for using examples in your speeches?
-
When a star between 9-25 solar masses reaches the end of its life, fusion in the core halts and the core can no longer withstand gravitational pressure. Gravity causes the ~2.5 solar mass core to...
-
conducted an internal corporate communications audit for the named organisation
-
Determine by direct integration the values of x for the two volumes obtained by passing a vertical cutting plane through the given shape of Fig. 5.21. The cutting plane is parallel to the base of the...
-
Shauna Miller is an accountant at Western Building Supplies. Recently, in the course of her normal processing of transactions and related documents, she noticed that two of her companys top sales...
-
Baker Plumbing Fixtures is developing a preplumbed acrylic shower unit. The team developing the product includes representatives from marketing, engineering, and cost accounting. To date, the team...
-
Perform a horizontal analysis of the balance sheets and income statements for Great Oaks Furniture. Highlight changes that are greater than 10 percent. Discuss some of the causes that could lead to...
-
For our running Example 2. 2 we can use (2.53) to derive a large-sample approximation of the pointwise variance of the learner \(g_{\mathscr{T}}(\boldsymbol{x})=\boldsymbol{x}^{\top}...
-
Consider the setting of the polynomial regression in Example 2. 2. Use Theorem C.19 to prove that \[ \begin{equation*} \sqrt{n}\left(\widehat{\boldsymbol{\beta}_{n}}-\boldsymbol{\beta}_{p} ight)...
-
Consider again Example 2. 2. The result in (2.53) suggests that \(\mathbb{E} \widehat{\boldsymbol{\beta}} ightarrow \beta_{p}\) as \(n ightarrow \infty\), where \(\beta_{p}\) is the solution in the...
Study smarter with the SolutionInn App