Yang Company began operations in 2019. Its operating information follows: Required: A. Using absorption costing, determine Yangs
Question:
Yang Company began operations in 2019. Its operating information follows:
Required:
A. Using absorption costing, determine Yang’s gross margin and profit for the year.B. Using variable costing, determine Yang’s contribution margin and profit for the year.C. Using throughput costing, determine Yang’s throughput margin and profit for the year.D. Determine the differences in ending inventory using absorption, variable, and throughput costing.
Transcribed Image Text:
Selling price per unit Direct materials cost per unit Direct labor cost per unit Unit-related overhead per unit Unit selling cost Batch-related overhead per year Product-sustaining overhead per year Facility-sustaining overhead per year Fixed selling and administrative costs $175 Units produced 40 Units sold 10 15 5 55,000 125,000 750,000 400,000 50,000 30,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
A Using absorption costing the total cost per unit is calculated as follows Direct materials cost per unit Direct labor cost per unit Unitrelated overhead per unit 40 10 15 65 per unit Total fixed man...View the full answer
Answered By
Akash M Rathod
I have been utilized by educators and students alike to provide individualized assistance with everything from grammar and vocabulary to complex problem-solving in various academic subjects. I can provide explanations, examples, and practice exercises tailored to each student's individual needs, helping them to grasp difficult concepts and improve their skills.
My tutoring sessions are interactive and engaging, utilizing a variety of tools and resources to keep learners motivated and focused. Whether a student needs help with homework, test preparation, or simply wants to improve their skills in a particular subject area, I am equipped to provide the support and guidance they need to succeed.
0.00
0 Reviews
10+ Question Solved
Related Book For
Introduction To AccountingAn Integrated Approach
ISBN: 9781119600107
8th Edition
Authors: Penne Ainsworth, Dan Deines
Question Posted:
Students also viewed these Business questions
-
Yang Company began operations in 2010. Its operating information follows: Selling price per unit ........... $ 175 Units produced ............. 50,000 Direct materials cost per unit ......... 40...
-
Georgia Shacks produces small outdoor buildings. The company began operations in 2010, producing 2,000 buildings and selling 1,500. A variable costing income statement for 2010 follows. During the...
-
Study the information given below and answer the following questions: (25 Marks) 1.1 Calculate the Payback Period of both machines (answers expressed in years, months and days). (5 marks) 1.2 Which...
-
The reconciling item in a bank reconciliation that will result in an adjusting entry by the depositor is: (a) outstanding checks. (b) deposit in transit. (c) a bank error. (d) bank service charges.
-
How can hedging make it easier to evaluate a managers performance?
-
define components of our culture,
-
5. Let t > 0, x E R. (a) Prove that u satisfies the heat equation; i.e., U xx - Ut = for all t > and x E R. (b) If a> 0, prove that u(x, t) -+ 0, as t -+ 0+, uniformly for x E [a, 00).
-
Using the information from C4-2 and assuming that the beginning budgetary and GAAP fund balance is $1,952,667, prepare the Statement of Revenues, Expenditures, and Changes in Fund BalanceBudget and...
-
ASSIGNMENT 2 [Compatibility Mode] - Word (Product Activation Failed) Review View Tell me what you want to do ailings 5.E.T. ES 21 AaBbCcDc AaBDCD AaBb C AaBbccl AaB Aab 1 Normal 1 No Spac... Heading...
-
Katsura Corporation incurred pre-operating costs: Investigatory expenses of $17,000 New employee training $25,000 Advertising $10,000 Land and building for use as a retail store when opened...
-
Daniel Company has 5,000,000 shares of common authorized, 500,000 shares of common stock issued, and 450,000 shares of common stock outstanding. Determine the earnings per share for 2019 if its net...
-
Refer to E17.11. Calculate the return on investment using the Du Pont method. What is revealed? Data from E17.11 Woollen, Inc., evaluates its divisions as investment centers. The sales, income, and...
-
In a study of births in New York State, data were collected from four hospitals coded as follows: (1) Albany Medical Center; (1438) Bellevue Hospital Center; (66) Olean General Hospital; (413) Strong...
-
What makes a set of objects a vector space? You will no doubt want to refer to notes and the text, but I'd like you to summarize it for starters. If you have identified a vector space, for example...
-
Walla Walla Company is in its planning stage for next year. Walla Walla expects a big Quarter 3 and is creating a production budget to determine if it needs to hire more employees. Walla Walla knows...
-
Task: P9 P9a P9b P9c P9d Describe the principles and applications of electromagnetic induction Describe using a series of bullet point statements, how transformers work and how their operation...
-
Based on the given information, analyse company's financial health and provide future projections. Unit FY16 FY17 FY18 FY19 Sales Rs. Cr 134 245 371 1,159 PAT Rs. Cr (281) (585) (78) (571) Assets Rs....
-
OBJECTIVE QUESTIONS 1. In each of the following only one statement/item is correct. State which. (i) Financial Accounting helps in (a) ascertaining the financial position of the concerned firm, (b)...
-
Foreign trade is important to the United States. No country exports and imports more. However, there has been a large trade imbalance in many sectors. To measure the extent of the problem, an...
-
Audrey purchases a riding lawnmower using a 2-year, no-interest deferred payment plan at Lawn Depot for x dollars. There was a down payment of d dollars and a monthly payment of m dollars. Express...
-
Explain the four regrouping activities with an example from the building supply i n dustry (nails, paint, flooring, plumbing fixtures, etc.). Do you think that many specialists d e velop in this...
-
Insurance agents are intermediaries who help other members of the channel by providing information and handling the selling function. Does it make sense for an insurance agent to specialize and work...
-
Discuss the Place objectives and distribution arrangements that are appropriate for the following products (indicate any special assumptions you have to make to obtain an answer): a. A postal scale...
-
Based on the regression output (below), would you purchase this actively managed fund with a fee of 45bps ? Answer yes or no and one sentence to explain why.
-
What is the yield to maturity on a 10-year, 9% annual coupon, $1,000 par value bond that sells for $967.00? That sells for $1,206.10?
-
1)Prepare the journal entry to record Tamas Companys issuance of 6,500 shares of $100 par value, 9% cumulative preferred stock for $105 cash per share. 2. Assuming the facts in part 1, if Tamas...
Study smarter with the SolutionInn App