Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 6-1 Variable and Absorption Costing Unit Product Costs (L06-1] Ida Sidha Karya Company is a family-owned company located on the island of Bali in

image text in transcribed

image text in transcribed

image text in transcribed

Exercise 6-1 Variable and Absorption Costing Unit Product Costs (L06-1] Ida Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia. The company produces a hanc Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $731. Selected data fort company's operations last year follow: 15,000 11,000 4,000 Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative AAAA $ 690,000 $ 580,000 Required: 1. Assume that the company uses absorption costing. Compute the unit product cost for one gamelan. (Round your intermedia calculations and final answer to the nearest whole dollar amount.) 2. Assume that the company uses variable costing. Compute the unit product cost for one gamelan. 1. Absorption costing unit product cost 2. Variable costing unit product cost -r 6 Homework i Help Save Exercise 6-4 Basic Segmented Income Statement (LO6-4] Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrow 10.00 $ 36.ee 3.00 $ 10.00 130,000 $ 44,000 Common fixed expenses in the company total $105,000 annually. Last year the company produced and sold 41,000 units of Weedban and 17,000 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Total Company Product Line Weedban Greengrow ol 11111 1 Lo/ Prey 3 of 5 !!! Next > Exercise 6-5 Companywide and Segment Break-Even Analysis (L06-5) Piedmont Company segments its business into two regions--North and South. The company prepared the contribution format segmented income statement as shown: Sales Variable expenses Contribution margin Traceable fixed expenses Segment margin Common fixed expenses Net operating income Total Company $ 675, eee 40s,eee 270,000 150,000 12e,eee 65, eee $ 55, eee North $ 450,000 315,000 135, eee 75,000 $ 60,000 South $ 225, eee 90, eee 135,000 75, eee $ 60, eee Required: 1. Compute the companywide break-even point in dollar sales. Compute the break-even point in dollar sales for the North region. 3. Compute the break-even point in dollar sales for the South region. (For all requirements, round your intermediate calculations to 2 decimal places. Round your final answers to the nearest d 1. Dollar sales for company to break-even 2. Dollar sales for North segment to break-even 3. Dollar sales for South segment to break-even Draw A 5 :: Next >

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Routledge Companion To Accounting And Risk

Authors: Margaret Woods

1st Edition

1138860123, 9781138860124

More Books

Students also viewed these Accounting questions

Question

Brief the importance of span of control and its concepts.

Answered: 1 week ago

Question

What is meant by decentralisation?

Answered: 1 week ago

Question

What would you do?

Answered: 1 week ago