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a-d Snoopy plc produces dog food in disposable plastic boxes. Its variable manufacturing costs per box are composed of 1.30 for the meat and other
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Snoopy plc produces dog food in disposable plastic boxes. Its variable manufacturing costs per box are composed of 1.30 for the meat and other additives (=direct material) 0.30 for the plastic box (=direct material) and 1.40 of direct labour cost per box. The amount of fixed indirect manufacturing costs per unit were calculated to amount to 1.20 per box. That amount resulted from the allocation of the fixed indirect manufacturing costs of 12,000 (see below) to the budgeted production volume of 10,000 boxes/month. The company produces exactly the quantity that it had planned to produce, i.e. 10,000 boxes, but it sold only 9,500 boxes in that month. Opening inventory at the beginning of this month were 100 boxes. Selling price per box: 9.90 Fixed manufacturing costs per month:12,000 Fixed selling & distribution expenses per month: 3,000 Fixed administrative expenses per month: 4,000 Variable sales commission per box sold: 0.50 1) Full absorption costing: a) The value assigned to each unit produced, and thus the amount for COGS expense per box sold, is composed of the total manufacturing-related costs (= and the amount is: Set up the P&L Statement using full absorption costing and select/insert the correct numbers for ... b) ... the sales revenue: c)... the gross profit: . d) ... the operating profit: (no space or comma to separate groups of thousand) Snoopy plc produces dog food in disposable plastic boxes. Its variable manufacturing costs per box are composed of 1.30 for the meat and other additives (=direct material) 0.30 for the plastic box (=direct material) and 1.40 of direct labour cost per box. The amount of fixed indirect manufacturing costs per unit were calculated to amount to 1.20 per box. That amount resulted from the allocation of the fixed indirect manufacturing costs of 12,000 (see below) to the budgeted production volume of 10,000 boxes/month. The company produces exactly the quantity that it had planned to produce, i.e. 10,000 boxes, but it sold only 9,500 boxes in that month. Opening inventory at the beginning of this month were 100 boxes. Selling price per box: 9.90 Fixed manufacturing costs per month: 12,000 Fixed selling & distribution expenses per month: 3,000 Fixed administrative expenses per month: 4,000 Variable sales commission per box sold: 0.50 1) Full absorption costing: a) The value assigned to each unit produced, and thus the amount for COGS expense per box sold, is composed of the total manufacturing-related costs and the amount variable and a share of fixed manufacturing costs is: fixed manufacturing costs only Set up the P&L Statement using full ab: variable manufacturing costs only ers for b) ... the sales revenue: c)... ... the gross profit: d) ... the operating profit: (no space or comma to separate groups of thousand) Snoopy plc produces dog food in disposable plastic boxes. Its variable manufacturing costs per box are composed of 1.30 for the meat and other additives (direct material) 0.30 for the plastic box (=direct material) and 1.40 of direct labour cost per box. The amount of fixed indirect manufacturing costs per unit were calculated to amount to 1.20 per box. That amount resulted from the allocation of the fixed indirect manufacturing costs of 12,000 (see below) to the budgeted production volume of 10,000 boxes/month. The company produces exactly the quantity that it had planned to produce, i.e. 10,000 boxes, but it sold only 9,500 boxes in that month. Opening inventory at the beginning of this month were 100 boxes. Selling price per box: 9.90 Fixed manufacturing costs per month: 12,000 Fixed selling & distribution expenses per month: 3,000 Fixed administrative expenses per month: 4,000 Variable sales commission per box sold: 0.50 1) Full absorption costing: a) The value assigned to each unit produced, and thus the amount for COGS expense per box sold, is composed of the total manufacturing-related costs (= and the amount 9.90N 3.00 4.20 BL Statement using full absorption costing and select/insert the correct numbers for ... es revenue: c) ... the gross profit: d) ... the operating profit: (no space or comma to separate groups of thousand) Snoopy plc produces dog food in disposable plastic boxes. Its variable manufacturing costs per box are composed of 1.30 for the meat and other additives (=direct material) 0.30 for the plastic box (=direct material) and 1.40 of direct labour cost per box. The amount of fixed indirect manufacturing costs per unit were calculated amount to 1.20 per box. That amount resulted from the allocation of the fixed indirect manufacturing costs of 12,000 (see below) to the budgeted production volume of 10,000 boxes/month. The company produces exactly the quantity that it had planned to produce, i.e. 10,000 boxes, but it sold only 9,500 boxes in that month. Opening inventory at the beginning of this month were 100 boxes. Selling price per box: 9.90 Fixed manufacturing costs per month: 12,000 Fixed selling & distribution expenses per month: 3,000 Fixed administrative expenses per month: 4,000 Variable sales commission per box sold: 0.50 1) Full absorption costing: a) The value assigned to each unit produced, and thus the amount for COGS expense per box sold, is composed of the total manufacturing-related costs (= . and the amount is: Set up the P&L Statement using full absorption costing and select/insert the correct numbers for ... b) ... the sales revenue: c) ... the gross profit: 39900 42000 94050 99000 d) the operating profi (no space or comma to separate groups of thousand) Snoopy plc produces dog food in disposable plastic boxes. Its variable manufacturing costs per box are composed of 1.30 for the meat and other additives (=direct material) 0.30 for the plastic box (=direct material) and 1.40 of direct labour cost per box. The amount of fixed indirect manufacturing costs per unit were calculated to amount to 1.20 per box. That amount resulted from the allocation of the fixed indirect manufacturing costs of 12,000 (see below) to the budgeted production volume of 10,000 boxes/month. The company produces exactly the quantity that it had planned to produce, i.e. 10,000 boxes, but it sold only 9,500 boxes in that month. Opening inventory at the beginning of this month were 100 boxes. Selling price per box: 9.90 Fixed manufacturing costs per month: 12,000 Fixed selling & distribution expenses per month: 3,000 Fixed administrative expenses per month: 4,000 Variable sales commission per box sold: 0.50 1) Full absorption costing: a) The value assigned to each unit produced, and thus the amount for COGS expense per box sold, is composed of the total manufacturing-related costs (= and the amount e is: Set up the P&L Statement using full absorption costing and select / insert the correct numbers for ... b) ... the sales revenue: c) ... the gross profit: d) 19 the operating pro 52050 57000 54150 39900 (no space or comma to separate groups of thousand) Step by Step Solution
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