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Columbia Products produced and sold 1,300 units of the company's only product in March. You have collected the following information from the accounting records: $
Columbia Products produced and sold 1,300 units of the company's only product in March. You have collected the following information from the accounting records: $ 133 Sales price (per unit) Manufacturing costs: Fixed overhead (for the month) Direct labor (per unit) Direct materials (per unit) Variable overhead (per unit) Marketing and administrative costs: Fixed costs (for the month) Variable costs (per unit) 18, 200 8 35 26 23,400 3 Required: a. Compute the following: 1. 2. 3. 4. 5. Variable manufacturing cost per unit. Full cost per unit. Variable cost per unit. Full absorption cost per unit. Prime cost per unit. Conversion cost per unit. Profit margin per unit. Contribution margin per unit. Gross margin per unit. 6. 7. 8. 9. Yolo Windows, a manufacturer of windows for commercial buildings, reports the following account information for last year (all cos are in thousands of dollars). $ 89 120 1,670 Information on January 1 (Beginning): Direct materials inventory Work-in-process inventory Finished goods inventory Information for the year: Administrative costs Direct labor Direct materials purchases Factory and machine depreciation Factory supervision Factory utilities Indirect factory labor Indirect materials and supplies Marketing costs Property taxes on factory Sales revenue Information on December 31 (Ending): Direct materials inventory Work-in-process inventory Finished goods inventory $ 3,640 12,400 8, 270 11,550 740 930 2,920 681 1,540 290 45,500 $ 92 140 1,490 Required: 1. Prepare a cost of goods sold statement. 2. Prepare an income statement. Complete this question by entering your answers in the tabs below
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