Answered step by step
Verified Expert Solution
Question
1 Approved Answer
& ABC Company, reports the following per unit revenues and per unit costs at two levels of production Beginning Inventory = 0 Units Ending Inventory
& ABC Company, reports the following per unit revenues and per unit costs at two levels of production Beginning Inventory = 0 Units Ending Inventory = 0 Units 1000 Units 2000 Units Sales Revenue 80 80 Costs: Direct Materials Maintenance 8 5 Direct Labor 17 17 Indirect Material 1 1 Depreciation 4 3 2.5 Rent 6 3 Total Cost Required 1- According to classifying costs as variable, fired, and mbed. What is the type of Your Answer a Direct Materials Cost b. Indirect Material Cost c. Rent Cost 2- ABC company total cost at lavel of production of 1300 units Your Answer 3- ABC company total cost formula Your Answer 4- ABC company contribution maroine at level of production of 1100 units Your Answer 5- ABC company net Income at level of production of 1800 unts Your Answer 6- ABC company throughout marginea level of production of 1400 units Your Answer XYZ Company, reports the following Total costs at two levels of production Beginning Inventory = 0 Units Ending Inventory = 0 Units Selling Price Per Unit $90 1000 Units 2000 Units Cost Type Costs: Manufacturing Cost Direct Materials Period Cost Maintenance Manufacturing Cost Direct Labor Manufacturing Cost Indirect Material Manufacturing Cost Depreciation Period Cost Utilities Period Cost Rent 20000 8000 17000 1000 4000 3000 6000 40000 10000 34000 2000 4000 5000 6000 Required: Prepare Absorption Income Statement for Production Level of 4000 Units, Given that Beginning Inventory = 0 Units and Ending Inventory = 500 Units Answer Title Total Sales Revenue Cost of Goods Sold Gross Profit (Loss) Selling And Aministrative Expenses Net Operating Income
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started